Click 
to view the entire meeting.
MEETING MINUTES
TOWN OF WEST WARWICK PENSION BOARD MEETING
DATE: MONDAY, NOVEMBER 23, 2020
TIME: 7:30PM
PLACE: ELECTRONICALLY VIA ZOOM MEETING
*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: Nov 23, 2020 06:00 PM Eastern Time (US and Canada)
Topic: West Warwick Pension Board Executive Session & Regular Meeting
Please click the link below to join the webinar:
https://us02web.zoom.us/j/83958775452
Or iPhone one-tap :
US: +13017158592,,83958775452# or +13126266799,,83958775452#
Or Telephone:
Dial(for higher quality, dial a number based on your current location):
US: +1 301 715 8592 or +1 312 626 6799 or +1 646 558 8656 or +1 253 215 8782 or +1 346 248 7799 or +1 669 900 9128 or 833 548 0276 (Toll Free) or 833 548 0282 (Toll Free) or 877 853 5247 (Toll Free) or 888 788 0099 (Toll Free)
Webinar ID: 839 5877 5452
International numbers available: https://us02web.zoom.us/u/kdk3pX8cGt
YouTube link:
https://www.youtube.com/channel/UC9L2hByn6fswhlzSF2sy-0g
Motion made to close executive session and seal the minutes by Mr. Atchison and seconded by Ms. Lombardi. All in favor
A. MEETING CALLED TO ORDER
B. ROLL CALL
ALBERT HEROUX
RALPH SOLMONESE
MICHELE LOMBARDI
JAMES ATCHISON
C. REVIEW AND APPROVAL OF PRIOR MEETING MINUTES
Minutes from October 19 and 28, 2020
Motion made to approve the minutes by Mr. Atchison and seconded by Ms. Lombardi. All in favor
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.
Greenwich Avenue
Warwick, RI 02886
(a) Monthly Legal Services for Pension Board Counsel
File # MBF 7372 General File
September
Amount Billed: $962.00
Hours Billed-6.20
2. Howard E. Nyhart Company
Attn: Finance Dept
8415 Allison Pointe Blvd
Suite 300
Indianapolis, IN 46250
(a) Inv#0163099
Actuarial Services for July 2020
Calculation- Lavallee & Hoskins
Actuary hours: 30.50
Consultant hours:5.60
Amount: $14,682.50
Motion made to approve and amend invoice 0163099 to state October 2020 Valuation preparation by Mr. Atchison and seconded by Mr. Solmonese. All in favor
F. DISCUSSION/ACTION REGARDING OTHER POST EMPLOYMENT BENEFITS (OPEB)
AND PENSION FOR VALUATION REPORTS AND TO DISCUSS MORTALITY TABLE ADJUSTMENTS AND ASSUMPTION RATE WITH NYHART
Elizabeth Wiley discussed the projections and explain the mortality tables and why we should update .GASB report will need to be redone as well and Nyhart will try to keep cost down.
Motion to adopt the updated mortality tables by Mr. Atchison and seconded by Mr. Solmonese.
Roll call vote:
Mr. Atchison- yes
Mr. Solmonese- yes
Ms. Lombardi- No
Mr. Heroux- yes
Vote 3 to 1 Motion carries
G. DISCUSSION/ACTION REGARDING APPROVAL OF MONTHLY PENSION CALCULATIONS
1. Darren Burley, Normal Pension, Fire
Amount: pending
Date: pending
Motion made to table by Mr. Atchison and seconded by Mr. Solmonese. All in favor.
2. Steven Harter, Occupational Disability, Fire
Amount: pending
Motion made to approve pending Mr. Harter’s approval and then send to bank by Mr. Atchison and seconded Mr. Solmonese. All in favor
H. DISCUSSION/ACTION/VOTE ON EMAIL FROM NYHART ON DARREN BURLEY PENSION CALCULATION
ON WHEN MR. BURLEY CAN COLLECT HIS PENSION A DEFERRED AT AGE 62 OR AN EARLY AT AGE 50 WITH REDUCED BENEFIT
Motion made to table by Mr. Atchison and seconded by Mr. Solmonese. All in favor.
I. DISCUSSION/ACTION/VOTE ON EMAIL ON STEVEN HARTER’S DISABILITY PENSION, IME’S AND COLA
Motion made to approve pending Mr. Harter’s approval and then send to bank by Mr. Atchison and seconded Mr. Solmonese. All in favor
J. DISCUSSION/ACTION/VOTE ON EMAIL ON DISABLED POLICE OFFICER MICHAEL NYE’S (RAISES) COLA
THAT HE HAS NOT RECEIVED SINCE 2015 IF DUE ONE
Motion made to table and have Legal Counsel look into consent judgement, cba and plan by Mr. Atchison and seconded by Ms. Lombardi. All in favor.
K. DISCUSSION/ACTION/VOTE ON RETRO ACTIVE PAYMENT FOR CAROL MESSIERS’S COLA
Motion made to give Ms. Messier 4% interest for the retro payment by Ms. Atchison and seconded by Ms. Lombardi. All in favor
L. DISCUSSION/ACTION ON DEATH BENEFIT
1. Penelope Quinn, Schools date of death 2/5/2020
One time to beneficiary: $2000.00
Motion made to approve by Ms. Lombardi and seconded by Mr. Atchison. All in favor
M. ADJOURN
Motion to Adjourn by Mr. Atchison and seconded by Ms. Lombardi. All In favor
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: 11/18/2020