Holyoke Retirement Board Meeting June 28, 2023
9:00 am Holyoke City Hall Annex
20 Korean Veterans Plaza, Holyoke 01040
Posted June 6, 2023, 2:11 PM
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 June 28, 2023 @ 9:00 A.M.
Agenda Topics:
Minutes of Meeting held on May 24, 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: Jun 28, 2023 09:00 AM Eastern Time (US and Canada)
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HOLYOKE RETIREMENT BOARD
JUNE 28, 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 Michele Aubrey (Via Zoom), Cheryl Dugre, Tanya Wdowiak and Todd McGee. Also present were Executive Director Anthony Dulude.
- Minutes of Board meeting held on May 24, 2023 amend May 17th minutes for July 19,2023 meeting.
On separate motions made by Ms. Aubrey, 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 May 31, 2023. No reconciliations since July, 2022.
III. Statement of Financial Activities:
- Retirement Applications:
Lawrence Larocque, Jr. HG&E 7/1/2023
- Expenses:
- Bills……………………………………………. $ 3,658.96
Refunds & Transfers……………….
Management Fees…………………… 18,348.00_
$ 22,006.96
- Retiree Payroll: Annuity Pension Total
May 31, 2023 $448,804.01 $2,103,712.55 $2,552,516.56
- VI. Issues-Request-Policy:
- PERAC Memos and Correspondence:
Perac Memo # 13/2023 Salary Verification Request
Perac Memo # 14/2023 Tobacco List
Perac Memo # 15/2023 91A Prosper Tasks
- Pension Appropriations FY2023: Report 6/28/2023
Total Due Total Paid Balance Due
City $12,430,567.00 $12,430,567.00 $ 0.00
Gas & Electric 4,217,718.00 3,866,241.50 351,476.50
Water 629,705.00 349,705.00 280,000.00
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 $17,469,587.50 $ 896,308.50
- New Members:
On a motion made by Ms. Dugre, seconded by Ms. Aubrey, the Board voted unanimously, (5-0) to accept the following new members:
Shae Blaisdell- Holyoke Housing Authority 5/29/2023 9%
- 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
- Investments:
The Board conducted manager reviews pursuant to 840 CMR 16.07. Via Zoom:
Abrdn- Tom Harvey, Matt Murdoch
The Board deemed the Companies are doing their due diligence with respect to the investment standards set forth in their contracts.
HG&E would like Retirement Board to go to cloud-based server going forward.
Will check with Atty. Gibson and other Boards throughout the State to see pros
and cons.
The next meeting of the Holyoke Retirement Board will be held on Wednesday July 19, 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 9:46 A.M.
List of Documents Reviewed at the 6/28/2023 Meeting:
Draft minutes of 4/26/2023 meeting.
Peoples Bank Statements- April 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