Holyoke Retirement Board Meeting August 30, 2023
9:00 am Holyoke City Hall Annex
20 Korean Veterans Plaza, Holyoke 01040
Posted August 11, 2023, 9:15 AM
Pursuant to G.L. c. 30A, § 20(b) notice is hereby given that a meeting of a Holyoke Retirement Board Meeting to be held at 20 Korean Veterans Plaza, Room 207, Holyoke, MA.
Regular Board Meeting: Wednesday August 30, 2023 @ 9:00 A.M.
Agenda Topics:
Minutes of Meeting held on July 19, 2023
Expense Warrant Approval
Bank Reconciliations
Trial Balance and Statement of Financial Activities
Retirement Applications
COLA Updates
Disabilities
PERAC Memos
Appropriations
RFP’s
Refunds
Manager Reviews
Anthony Dulude is inviting you to a scheduled Zoom meeting.
Topic: Holyoke Retirement Board
Time: Aug 30, 2023 09:00 AM Eastern Time (US and Canada)
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HOLYOKE RETIREMENT BOARD
AUGUST 30, 2023
MINUTES
Pursuant to Chapter 20, Section 20 of the Acts of 2021, the regular Meeting of the Holyoke Retirement Board was called to order by Chairperson Jack McCarthy at 9:00 A.M. Present were Cheryl Dugre, Tanya Wdowiak, Todd McGee (9:31) and Michele Aubrey (ZOOM). Also present were Executive Director Anthony Dulude, Attorneys Thomas Gibson (ZOOM) and Gerry McDonough (ZOOM) and Journalist Cyril Espanol Journalist (ZOOM).
- Minutes of Board meeting held on July 19, 2023 minutes.
On separate motions made by Ms. Wdowiak, seconded by Ms. Dugre, it was voted unanimously, via roll call (5-0) to accept Item I “Minutes,” Item II “Bank Reconciliation,” Item III “Statement of Financial Activities,” Item IV “Retirement Applications,” and Item V “Expenses.”, voting in favor all members.
- Bank Reconciliation:
Bank statements through July 31, 2023. No reconciliations since July, 2022.
III. Statement of Financial Activities:
- Retirement Applications:
Maria J. Perez 9/30/2023 School Department
Carl Peterson 9/20/2023 HG&E
- Expenses:
- Bills……………………………………………. $ 15,979.43
Refunds & Transfers………………. 472,288.94
Management Fees…………………… 93,979.43_
$ 582,247.80
- Retiree Payroll: Annuity Pension Total
July 31, 2023 $447,934.80 $2,111,689.58 $2,559,624.38
- VI. Issues-Request-Policy:
- PERAC Memos and Correspondence:
Perac Memo # 18/2023 COLA for Supplemental Dependent
Perac Investment Report 2022
- Pension Appropriations FY2024: Report 8/29/2023
Total Due Total Paid Balance Due
City $12,648,883.00 $ 0.00 $ 12,648,833.00
Gas & Electric 4,353,483.00 725,580.50 3,627,902.50.
Water 601,654.00 0.00 0.00
Housing 1,149,999.00 0.00 1,149,999.00
Waste Water 30,903.00 0.00 30,903.00
Total $18,784,922.00 $725,580.50 $ 18,059,341.50
- New Members:
| Yolimar Alvarado | SDP – School Department | 1 | 08/10/2023 | 9.0 |
| Pedro Alvarez Valentin | SDP – School Department | 1 | 08/10/2023 | 9.0 |
| Danielle Lemieux | PDP – Police Department | 1 | 07/30/2023 | 9.0 |
| Madison O’Connor | PDP – Police Department | 1 | 08/06/2023 | 9.0 |
| Jacquelin Padua | SDP – School Department | 1 | 08/10/2023 | 9.0 |
| Garrett Riffenburg | PDP – Police Department | 1 | 07/24/2023 | 9.0 |
| Dylan Rios | SDP – School Department | 1 | 07/30/2023 | 9.0 |
| Liz Rivera Ocasio | BPW – Board of Public Works | 1 | 08/14/2023 | 9.0 |
| Armani Rodriguez | PDP – Police Department | 1 | 07/24/2023 | 9.0
|
Board went into Executive session at 9:30am on a roll call vote (5-0), Board exited executive session
At 9:35am.
- Disabilities
John Sevigne- medical appointments 7/13/23, 6/28/23, 6/23/23
Natacha Barreto- medical appointments 7/13/23, 6/28/23, 7/7/2023
Catherine Collamore-medical appointments 7/20/23, 7/12/23
Board will look at Medicals and make determination on disabilities.
Board to have Natacha Barreto in for 9/20/2023 meeting with Police
Department Rep. and Atty Gibson or Atty Jerry McDonough. Votes to be
Done for 9/20/2023 meeting.
Atty Gibson– informed the Board on issues throughout the State going forward
- Reserve Police Officers -creditable service
- Active shooter- certification for regular pay. Body Cams-monetary payment
- Cyber Security- HG&E
- Veterans -Ch 32 41H
- Investments: Copy of Fund 23 – total value as of June 30. 2023
$ 379,344,597.34
RFP- The Board will have to do new RFP for consulting Services- due September 15, 2023 at 4pm
Todd McGee stated that the board did their due diligence with regards to choosing &CO as the consultant
for the first RFP and according to him did nothing wrong with the process of selecting &CO.
The next meeting of the Holyoke Retirement Board will be held on Wednesday September 20, 2023 @ 9am
There being no further business, a motion to adjourn was made by Ms. Wdowiak, seconded by Ms. Dugre, passing unanimously, (5-0).
MEETING ………………………. adjourned 10:25 A.M.
List of Documents Reviewed at the 8/30/2023 Meeting:
Draft minutes of July/2023 meeting.
Peoples Bank Statements- July 2023
Segal June Report 2023
Pooled Fund Statement 2023
Fund 23 Spreadsheets
Respectfully submitted,
______________________________
Anthony Dulude
Executive Director
ATTESTED TO: _____________________________ John T. McCarthy (Chairman)
Elected Member
_____________________________ Michele Aubrey
Appointed Fifth Member
_____________________________ Cheryl Dugre
Elected Member
_____________________________ Todd McGee
Appointed Member
_____________________________ Tanya Wdowiak
Ex-Officio Member