Holyoke Retirement Board Meeting May 24, 2023

HOLYOKE RETIREMENT BOARD

MAY 24, 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 9:02 A.M.  Present were Michele Aubrey and Cheryl Dugre. Tanya Wdowiak and Todd McGee were absent. Also present were Executive Director Anthony Dulude.

 

 

1. Minutes of Board meeting held on April 26, 2023

 

On separate motions made by Ms. Aubrey, seconded by Ms. Dugre, it was voted unanimously, via roll call (3-0) 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.

 

1. Bank Reconciliation:

Bank statements through March 31, 2023. No reconciliations since July, 2022.

 

III.       Statement of Financial Activities:

 

1. Retirement Applications:

 

Flor Matos, Norma Rodriguez, Juan Fragosa, Magali Rivera

Shirley Thaxton, Alice Ryan, Susanna Torres, Linda Larose

All School Department -last day working 6/23/2023

 

 

1. Expenses:
2. Bills……………………………………………. $         12,395.75

Refunds & Transfers……………….           119,070.35

Management Fees……………………          83,666.71_  

$ 215,132.81

 

1. Retiree Payroll: Annuity                       Pension                        Total

April 30, 2023             $447,775.35                $2,101,898.10             $2,549,673.45

                                                                                               

1. VI. Issues-Request-Policy:

 

1. PERAC Memos and Correspondence:

None

 

 

1. Pension Appropriations FY2023: Report 5/8/2023

 

Total Due                  Total Paid               Balance Due

City                             $12,430,567.00           $6,215,283.50            $6,215,283.50

Gas & Electric                 4,217,718.00               3,514,765.00             702,953.00

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            $10,902,827.51          $ 7,463,068.49

 

1. New Members:

On a motion made by Ms. Dugre, seconded by Ms. Aubrey, the Board voted unanimously, (3-0) to accept the following new members:

 

Kimberly Guzman- School Department Group 1

Dylan Rios-             School Department Group 1

Charlie Stanton-      School Department Group 1

 

1. Disabilities

Board voted unanimously (3-0) to convene Medical Panels for Catherine Collamore, John Sevigne

And Natacha Barreto.

 

1. Investments:
2. Segal- Rafik Ghazarian- March: Flash Report (sent day after meeting).

 

The next meeting of the Holyoke Retirement Board will be held on Wednesday June 28, 2023 @ 9am

 

There being no further business, a motion to adjourn was made by Ms. Aubrey, seconded by Ms. Dugre, passing unanimously, (3-0).

 

MEETING ………………………. adjourned 9:35 A.M.

 

List of Documents Reviewed at the 5/24/2023 Meeting:

 

Draft minutes of 4/26/2023 meeting.

Appropriation FY2023 Worksheet

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