Holyoke Retirement Board Meeting July 19, 2023
9:00 am Holyoke City Hall Annex
20 Korean Veterans Plaza, Holyoke 01040
Posted July 3, 2023, 9:33 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 July 19, 2023 @ 9:00 A.M.
Agenda Topics:
Minutes of Meeting held on May 17 and June 28, 2023
Expense Warrant Approval
Bank Reconciliations
Trial Balance and Statement of Financial Activities
Retirement Applications
Disabilities
PERAC Memos
Appropriations
RFP’s
Refunds
Manager Reviews
Anthony Dulude is inviting you to a scheduled Zoom meeting.
Topic: Holyoke Retirement Board
Time: Jul 19, 2023 09:00 AM Eastern Time (US and Canada)
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HOLYOKE RETIREMENT BOARD
JULY 19, 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 (via Zoom), Tanya Wdowiak and Todd McGee. Absent Michele Aubrey. Also present were Executive Director Anthony Dulude and Brian Green &CO (via Zoom).
- Minutes of Board meeting held on June 28, 2023 minutes.
The Board accepted amendments to minutes for May and June meetings of 2023.
On separate motions made by Mr. McGee, seconded by Ms. Dugre, it was voted unanimously, via roll call (4-0) 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 June 30, 2023. No reconciliations since July, 2022.
III. Statement of Financial Activities:
- Retirement Applications:
Francine Peterson School Department 8/3/2023
Matt Moriarty Police Department 7/30/2023
Peter Ferreira HG&E 9/1/2023
- Expenses:
- Bills……………………………………………. $ 3,895.64
Refunds & Transfers………………. 231,241.23
Consultant Fees…………………….. 17,625.00
Management Fees…………………… 40,762.55_
$ 293,524.42
- Retiree Payroll: Annuity Pension Total
June 30, 2023 $447,934.80 $2,111,689.58 $2,559,624.38
- VI. Issues-Request-Policy:
- PERAC Memos and Correspondence:
Perac Memo # 16/2023 Mandatory Training
DALA Memo
- Pension Appropriations FY2023: Report 7/19/2023
Total Due Total Paid Balance Due
City $12,430,567.00 $12,430,567.00 $ 0.00
Gas & Electric 4,217,718.00 4,217,718.00 0.00
Water 629,705.00 559,705.00 70,000.00
Housing 1,059,334.00 794,502.00 264,832.00
Waste Water 28,572.00 28,572.00 0.00
Total $18,365,896.00 $18,031,064.00 $ 334,832.00
- New Members:
No New Members.
- 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.
- Investments:
The Board conducted manager reviews pursuant to 840 CMR 16.07. Via Zoom:
Putnam 9:30am- Franklin Templeton Funds
SSGA 9:45am- Patrick Hearne, Sean Mahoney
The Board deemed the Companies are doing their due diligence with respect to the investment standards set forth in their contracts.
RFP- New consultant letter – received day of meeting – Atty. Tom Gibson working with PERAC to
remedy the situation.
The next meeting of the Holyoke Retirement Board will be held on Wednesday August 30, 2023 @ 9am
There being no further business, a motion to adjourn was made by Ms. Wdowiak, seconded by Ms. Dugre, passing unanimously, (4-0).
MEETING ………………………. adjourned 9:46 A.M.
List of Documents Reviewed at the 7/19/2023 Meeting:
Draft minutes of /2023 meeting.
Peoples Bank Statements- June 2023
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