Minutes

Winthrop Retirement Board · from the Town's website · 2 pages · 703 KB
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Winthrop Contributory Retirement System Board Meeting Ce
Minutes from the Meeting Held on June 29, 2021 6:00 PM f
Meeting was held remotely via Conference Call using Zoom Ype
Present Were: Francis Carberry Karin Chavis Stacy Calla
Not Present: James Feeley

Chairman Carberry called the meeting to order at 6:04PM

Voted on a motion by Karin Chavis, seconded by Stacy Calla, to approve the Retirement Board minutes for the meeting
held on May 25, 2021. After a roll call vote the motion passed 3-0

passed 3-0.

Voted on a motion by Stacy Calla, seconded by Karin Chavis, to transfer funds, of $175,000, effective July 1, 2021, from
PRIM to Eastern Bank to cover payroll and accounts payable for July 2021. After a roll call vote the motion passed 3-0.

Voted on a motion by Karin Chavis, seconded by Stacy Calla, to approve the following application for Voluntary
Superannuation Option B retirement effective June 30, 2021:

Yvonne Cernaro School Paraprofessional 18.0000 years of service

After a roll call vote the motion passed 3-0.

Voted on a motion by Karin Chavis, seconded by Stacy Calla, to approve the following application for Voluntary
Superannuation Option C retirement effective July 30, 2021:

Arthur Hickey Jr. Police Sergeant 41.8333 years of service

After a roll call vote the motion passed 3-0.

Chairman Carberry stated the next item was to discuss/vote the Retirement Coordinator’s COLA and Longevity payment
effective July 1, 2021. Chairman Carberry asked if there was a decision on the town side regarding these two payments,
Karin Chavis stated longevity was approved for FY21 and believes it is approved for FY22, Stacy Calla stated she believes
there has been no agreement on a non-union COLA. Voted on a motion by Karin Chavis, seconded by Stacy Calla to

New Business
The Retirement Coordinator stated nomination papers have been pulled and they are due back by July 26, 2021

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Old Business

Administrators Announcements:
GIC health insurance rate changes effective July 1, 2021, are reflected in this month’s retirement allowances

PERAC Memo #16-2021 was emailed to Board members on June 7, 2021
PERAC Memo #17-2021 was emailed to Board members on June 21, 2021

Michelle St. Jean participated in the remote MACRS Conference June 7" and 8", materials were also forwarded to the
Board

Superannuation Option C retiree Domenic Passaro passed away on May 6, 2021. His beneficiary will receive a monthly
allowance

Option C survivor Adrienne Trainor passed away on May 7, 2021
The next meeting is scheduled for July 27, 2021 at 6:00 PM via Zoom

Voted on a motion Karin Chavis, seconded by Stacy Calla to adjourn at 6:19PM, after a roll call vote the motion passed
3-0.

tO we Q) as

Francis Carberry Karin Chavis

Stacy Cally James Feeley