MEETING MINUTES

TOWN OF WEST WARWICK PENSION BOARD MEETING

DATE: WEDNESDAY, MARCH 10, 2021

TIME: 7:00 PM

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: Mar 10, 2021 06:00 PM Eastern Time (US and Canada)

Topic: West Warwick Pension Board Meeting with Executive Session

 

Please click the link below to join the webinar:

https://us02web.zoom.us/j/85322451176

Or iPhone one-tap :

    US: +13126266799,,85322451176#  or +16465588656,,85322451176#

Or Telephone:

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

        US: +1 312 626 6799  or +1 646 558 8656  or +1 301 715 8592  or +1 346 248 7799  or +1 669 900 9128  or +1 253 215 8782  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: 853 2245 1176

    International numbers available: https://us02web.zoom.us/u/kIuzXbVp

 

YouTube link:

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

 

 

A.        MEETING CALLED TO ORDER

 

B.         PLEDGE OF ALLIEGANCE

 

C.        PRAYER

 

D.        ROLL CALL

ALBERT HEROUX                       

RALPH SOLMONESE

MICHELE LOMBARDI

JAMES ATCHISON

 

E.         REVIEW AND APPROVAL OF PRIOR MEETING MINUTES

           

            Minutes from February 8, 2021

 

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

 

 

G.        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

January 2020

Amount:$3,385.50

Hours: 19.90

 

 

 

2.              Howard E. Nyhart Company

  Attn: Finance Dept

  8415 Allison Pointe Blvd

                     Suite 300

       Indianapolis, IN 46250

 

(a)              Inv#0163750

Actuarial & Administrative Services from November 2020

Benefit Application

Clarke, Valle

Analyst: 1.7 hours

Amount: $570.00

 

H.        CLEARBROOK PRESENTATION ON PORTFOILO           

 

 

I.          DISCUSSION/ACTION/VOTE ON DARREN BURLEY PENSION CALCULATION REGARDING WHEN MR. BURLEY CAN COLLECT HIS PENSION A DEFERRED AT AGE 62 OR AN EARLY AT AGE 50 WITH REDUCED BENEFIT

           

 

J.         DISCUSSION/ACTION/VOTE ON DISABLED POLICE OFFICER MICHAEL NYE’S (RAISES) COLA IF DUE ONE

 

K.          DISCUSSION/ACTION/VOTE ON CAROL MESSIER’S MONTHLY PENSION AMOUNT

 

 

L.         DISCUSSION/ACTION ON APPROVAL OF RETURN OF CONTRIBUTIONS

           

1.      Crystal Romano, term date:9/11/2020

Amount: $pending

 

 

 

M.         DISCUSSION/ACTION ON RECEIVING PENSION APPLICATION TO PROCESS

                       

1. Louis Traficante Jr., Fire, normal 06/30/2021

 

 

N.        PUBLIC COMMENT

 

O.        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: 03-3-2021