A.        MEETING CALLED TO ORDER

B.        PLEDGE OF ALLIEGANCE

C.        PRAYER

D.        ROLL CALL

ALBERT HEROUX                    

RALPH SOLMONESE

MICHELE LOMBARDI--ABSENT

JAMES ATCHISON--ABSENT

ADAM SATCHELL

NATHAN HANNON

E.        REVIEW AND APPROVAL OF PRIOR MEETING MINUTES

Minutes from September 29, 2021

Motion made to approve and to amend the MR. MR.’s by Mr. Satchell and seconded by Mr. Hannon.  All in favor

Motion made to move item M1 ahead of item F by Mr. Satchell and seconded by Mr. Hannon.  All in favor

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 August  2021

Hrs: 5.10

Amount$666.00

Motion made to approve by Mr. Satchell and seconded by Mr. Hannon.  All  in favor.

2.              Howard E. Nyhart Company

  Attn: Finance Dept         

  8415 Allison Pointe Blvd

                     Suite 300

       Indianapolis, IN 46250

(1)       Inv#0170469

Actuarial & Administrative Services from September 2021

Longo(2), Bettencourt, Traficante L, Candela, Okolowitz

                                    Amount: $1,760.00

H.        DISCUSSION/ACTION/VOTE ON IME’s AND PENSION CALCULATION APPROVAL

1.     Debra Graham, Parks & Rec, Ordinary disability

Amount:pending

2.     Kenneth Palazzo, DPW, Occupational Disability

Amount: pending

3.     Michael Camara, DPW, Occupational Disability

Amount:pending

No Motion the chairman explained it was already on last month’s meeting

I.          DISCUSSION/ACTION/VOTE ON HOW TO PROCESS MUNIPICAL EMPLOYEES PENSION WITH THE AMOUNT OF YEARS DUE TO PAYROLL RECORDS

No motion made issue is being resolved

J.         DISCUSSION/ACTION/VOTE ON RETURN OF CONTRIBUTIONS

1.     Joseph Chapdelaine, Waste Water

Amount: pending

Motion made to approve pending Mr. Chapdeline’s approval on figures by Mr. Satchell and seconded by Mr. Hannon.  All  in favor.

2.     Joshua Pauley, DPW  

Amount:$40,148.22

Motion made to table pending receipt of legal opinion on if the contributions can be returned by Mr. Satchell and Mr. Hannon.  All in favor

L.        DISCUSSION/ACTION ON APPROVAL OF DEATH BENEFITS

1.     David Casimiro, Fire, date of death8/31/2021

One time: pending

Monthly Amount: pending

Motion made to approve by Mr. Satchell and seconded by Mr. Hannon.  All  in favor.

M.       DISCUSSION/ACTION/VOTE ON BENEFIT CALCULATION FOR MARK LONGO FOR SERVICE CREDIT TIME FROM TWO DIFFERENT UNIONS

            Attorney Roy explained that the additional % should be using the municipal and added to the police of 2.25% for the 1.75 years of credit service which would be 3.93%

            and Attorney Schmitz explained the Nyhart calculation is current added 1% for each year of service per the police cba explained the views of the plan and documents.  Mr. Landroche spoke on his concerns on how the board should consider Attorney Roy’s interpretation.

            Motion made to adopt the calculation by the Actuary on Mark Longo’s pension by Mr. Solmonese and no seconded motion fails

            Motion made to adopt Attorney Roy’s Interpretation by Mr. Satchell and seconded by Mr. Hannon.  Mr. Solmonese  abstained  motion carries.

Motion made to pay under old calculation have clerk recalculate using 3.93% and then pay additional amount when received by Mr. Satchell and seconded by Mr. Hannon.  All in favor

M.       PUBLIC COMMENT

            None

N.        ADJOURN

Motion to adjourn by Mr. Satchell and seconded by Mr. Hannon.  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: 10-8-2021