Holyoke Retirement Board Meeting March 27, 2024
9:00 am Holyoke City Hall Annex
20 Korean Veterans Plaza, Holyoke 01040
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 March 11, 2024 @ 9:00 A.M.
Agenda Topics:
Minutes of Meeting held on February 28, 2024
Expense Warrant Approval
Bank Reconciliations
Trial Balance and Statement of Financial Activities
Retirement Applications
Disabilities
PERAC Memos
Consultant- &CO
Appropriations
Refunds and Transfers
Anthony Dulude is inviting you to a scheduled Zoom meeting.
Topic: Holyoke Retirement Board
Time: Mar 27, 2024 09:00 AM Eastern Time (US and Canada)
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HOLYOKE RETIREMENT BOARD
March 27, 2024
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 9:06 A.M. Present were Cheryl Dugre, Tanya Wdowiak, Todd McGee and Michele Aubrey(zoom). Also present were Executive Director Anthony Dulude, Brian Green &CO (zoom), Cyril Espanol-Journalist(zoom).
- Minutes of Board minutes held on February 28,2024.
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 January 31,2024. No reconciliations since July, 2022.
III. Statement of Financial Activities: Pooled Fund Worksheet – Brian Green 2/29/2024
- Retirement Applications:
- Expenses:
- Bills……………………………………………. $ 48,729.90
Refunds & Transfers………………. 54,062.02
3 8 c ……………………………….
Management Fees…………………… 10,136.13
$112,928.05
- Retiree Payroll: Annuity Pension Total
February 29, 2024 $ 470,743.56 $ 2,179,332.77 $2,650,076.33
- VI. Issues-Request-Policy:
- PERAC Memos and Correspondence:
Perac Memo #10/2024 Tobacco Company List
Office of Inspector General- Retirement Report
- Pension Appropriations FY2024: Report 12/20/2023
Total Due Total Paid Balance Due
City $12,648,883.00 $ 5,270,367.91 $ 7,378,515.09
Gas & Electric 4,353,483.00 2,902,322.00 1,451,161.00
Water 601,654.00 241,654.00 360,000.00
Housing 1,149,999.00 766,666.00 383,333.00
Waste Water 30,903.00 0.00 30,903.00
Total $18,784,922.00 $9,211,912.91 $ 9,573,009.09
- New Members:
Vote taken (5-0) unanimous to accept the new mwmbers.
| Name | Unit | Group | Original Board Date | Rate |
| Natalie Morales | SDP – School Department | 1 | 03/04/2024 | 9.0 |
| Luis Nunez | HWD – Holyoke Water Dept. | 1 | 03/04/2024 | 9.0 |
| Ricardo Rodriguez | SDP – School Department | 1 | 03/04/2024 | 9.0 |
- Disabilities-
- Investments:
Review of Emerging Market Equity RFP- the board voted on a roll call vote (5-0) based
On recommendation from &CO to invite ABS, PRIM and Abrdn to finalist review May 1, 2024
Meeting.
Housekeeping- Fixed Income-Putnam is now Franklin Templeton also 7-year cycle will be for
International Equity- Acadian, RBC.
- Cola– Cola adjustments were talked about – but under Todd McGee’s guidance was not on agenda.
Therefore, the Cola adjustments were tabled for the April 24,2024 meeting.
The next meeting of the Holyoke Retirement Board will be held on Wednesday April 24, 2024 @ 9am.
There being no further business, a motion to adjourn was made by Ms. Wdowiak, seconded by Mr. McGee, passing unanimously, (5-0).
MEETING ………………………. adjourned 9:50 A.M.
List of Documents Reviewed at the 3/27/2024 Meeting:
Draft minutes of February/2024 meeting.
Peoples Bank Statements- January 2024
Pooled Fund Statement 2024- &CO 2/29/24
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