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MEETING MINUTES
TOWN OF WEST WARWICK PENSION BOARD MEETING
DATE: MONDAY, SEPTEMBER 21, 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: Sep 21, 2020 07:30 PM Eastern Time (US and Canada)
Topic: West Warwick Pension Board Meeting
Please click the link below to join the webinar:
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US: +13126266799,,93136909400# or +16465588656,,93136909400#
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Webinar ID: 931 3690 9400
International numbers available: https://zoom.us/u/abenlhkSPv
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 August 17& 24th and September 14, 2020
Motion made to approve by Ms. Tay 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.
530Greenwich Avenue
Warwick, RI 02886
(a) Monthly Legal Services for Pension Board Counsel
File # MBF 7372 General File
July 2020
Amount Billed: $758.50
Hours Billed-4.40
File # MBF 7372 General File
August 2020
Amount Billed: $703.00
Hours Billed-4.00
Total:1490.50
Hours:8.40
2. Howard E. Nyhart Company
Attn: Finance Dept
8415 Allison Pointe Blvd
Suite 300
Indianapolis, IN 46250
(a) Inv#0161755
Actuarial Services for August 2020
Calculation- Simpson & Murphy
Hours: 5.3
Amount: $1215.00
(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#01671756
Actuarial Services for August 2020
Funding Valuation Preparation
Hour:-9.10
Amount: $1670.00
(d) Inv#0161407
Actuarial Services through July 31, 2020 OPEB 50%
Funding Valuation Preparation
Amount: $1900.00
Finance sent bill for payment
Total Hours: 26.90
Total Amount Billed by Nyhart- $7725.00
Motion made to pay invoices A, C and D and table B by Ms. Tay and seconded by Ms. Lombardi. All in favor
Chairman to call Nyhart for better explanation on consultant hours.
F. DISCUSSION/ACTION REGARDING PENSION APPLICATIONS TO RECEIVE
1. Kenneth Palazzo,DPW Occupational Disability not terminated no date
2. Albert Clarke, Civilian Fire, Date of Retirement 12/8/2020
Motion made to accept applications by Ms. Tay and seconded by Ms. Lombardi. All in favor
G. DISCUSSION/ACTION REGARDING APPROVAL OF RETURN OF CONTRIBUTIONS
1. Sharon DelPadre, Municipal
Amount: $47,196.98
2. Ashley Villa, Municipal
Amount: $17,282.77
Motion made to approve by Ms. Tay and seconded by Ms. Lombardi. All in favor
H. PUBLIC COMMENT
ADJOURN
Motion made to adjourn by Ms. Tay 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: 9/16/2020