MEETING MINUTES

TOWN OF WEST WARWICK PENSION BOARD MEETING

DATE: MONDAY, August 17, 2020

TIME: 7:30PM

PLACE: ELECTRONICALLY VIA ZOOM MEETING

 

 

MEETING CANCELED

 

*Due to the current COVID-19 pandemic, this public meeting will be held virtually via Zoom meeting.  The public may attend the meeting through electronic means using the following:

 

 

You are invited to a Zoom webinar.

When: Aug 17, 2020 07:30 PM Eastern Time (US and Canada)

Topic: West Warwick Pension Board Meeting

 

Please click the link below to join the webinar:

https://zoom.us/j/94891651810

Or iPhone one-tap :

    US: +16465588656,,94891651810#  or +13017158592,,94891651810#

Or Telephone:

    Dial(for higher quality, dial a number based on your current location):

        US: +1 646 558 8656  or +1 301 715 8592  or +1 312 626 6799  or +1 669 900 9128  or +1 253 215 8782  or +1 346 248 7799  or 877 853 5247 (Toll Free) or 888 788 0099 (Toll Free) or 833 548 0276 (Toll Free) or 833 548 0282 (Toll Free)

Webinar ID: 948 9165 1810

    International numbers available: https://zoom.us/u/adavvM7XLI

 

YouTube Link:

 

https://www.youtube.com/channel/UC9L2hByn6fswhlzSF2sy-0g

 

 

A.        MEETING CALLED TO ORDER

 

B.        ROLL CALL

ALBERT HEROUX                    

HELENE TAY

RALPH SOLMONESE

MICHELE LOMBARDI

 

C.        REVIEW AND APPROVAL OF PRIOR MEETING MINUTES

           

            Minutes from July 13th and July 20^th 2020

 

D.        REVIEW OF ROCKLAND/ CLEARBROOK MONTHLY EXPENSES AND PORTFOLIO STATUS FOR PREVIOUS MONTH

 

 

E.        DISCUSSION/ACTION REGARDING PAYMENT OF BILLS:

 

 

1.           Olenn & Penza, LLP

     Krista J. Schmitz, Esq.    

530 Greenwich Avenue

Warwick, RI  02886                                                                                                                                                                                                                        

(a)   Monthly Legal Services for Pension Board Counsel

File # MBF 7372 General File

June 2020

Amount Billed: $444.00

Hours Billed-3.20

 

 

2.              Howard E. Nyhart Company

  Attn: Finance Dept         

  8415 Allison Pointe Blvd

                     Suite 300

       Indianapolis, IN 46250

 

(a)   Inv#0160904

Actuarial Services for June 2020

Death benefit- Hoskins

Calculation- Lavallee

                  Hours: 5.10  

                  Amount: $980.00  

                                                                       

(b)  Inv#0160901

Actuarial Services for June 2020

Cola listing for July 1,2020- June 30, 2021

Hours: 12.50

Amount: $2940.00

 

(c)   Inv#0160905

Actuarial Services for June2020

Funding Valuation Preparation

Hour:-8.10

Amount: $1510.00

 

Total Hours: 25.70

Total Amount Billed by Nyhart- $5430.00

 

           

F.         DISCUSSION/ACTION REGARDING PENSION APPLICATIONS FOR APPROVAL

 

 

                                               

1.     Elaine Murphy, Schools, Date of Retirement 6/13/2020

Amount : pending

 

2.     Karen Simpson, Schools, Date of Retirement 6/20/2020

Amount : Pending

 

 

3.     Lisa Driscoll, Schools, Date of Retirement 6/13/2020

Amount : pending

 

 

4.     Paul Sousa, DPW, Date of Retirement 6/28/2020

Amount : pending

 

5.     Paul Bertrand, DPW, Date of Retirement 7/1/2020

Amount : pending

 

 

 

                                                                             

 

 

H.        DISCUSSION/ACTION REGARDING OCCUPATIONAL DISABILITY PENSION APPLICATIONS FOR RECEIVING

 

1.     Steven Harter, Fire

 

 

G.        PUBLIC COMMENT

        

            ADJOURN

 

 

Individuals requesting interpreter services for the hearing impaired must call (401) 822-9253 at least two (2) business days in advance of the scheduled meeting date.

 

Posted: 8/12/2020