MEETING MINUTES

TOWN OF WEST WARWICK PENSION BOARD MEETING

DATE: WEDNESDAY, SEPTEMBER 15, 2021

TIME: 7:00 PM

PLACE: 1170 MAIN ST, WEST WARWICK

TOWN COUNCIL CHAMBER

 

 

MEETING CANCELED

 

 

 

A.        MEETING CALLED TO ORDER

 

B.         PLEDGE OF ALLIEGANCE

 

C.        PRAYER

 

D.        ROLL CALL

ALBERT HEROUX                       

RALPH SOLMONESE

MICHELE LOMBARDI

JAMES ATCHISON

            ADAM SATCHELL

 

E.         REVIEW AND APPROVAL OF PRIOR MEETING MINUTES

           

            Minutes from July 14, 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 June  2021

Hrs: 17.20

Amount$3145.00

 

July 2021

Hrs:14.60

Amount:$1979.50

 

Total:$5124.50

 

2.              Howard E. Nyhart Company

  Attn: Finance Dept

  8415 Allison Pointe Blvd

                     Suite 300

       Indianapolis, IN 46250

 

(a)              Inv#0168634

Actuarial & Administrative Services for cola listing for fiscal

Hrs:12.90

                                     Amount: $$3427.00

 

                        (b)        Inv#0168631

Actuarial & Administrative Services from June 2021

Mcconaghy and Kowlik and Shea calculation

                                    Amount: $830.00

 

 

 

(c)        Inv#0168633

Actuarial & Administrative Services from June 2021

Preparation of experience study in progress

                                    Amount: $4427.00

 

(d)        Inv#0169511

Actuarial & Administrative Services from July 2021

E. Shea return of contributions

                                    Amount: $260.00

 

(e)        Inv#0169792

Actuarial & Administrative Services from August 2021

Gasb 50% upfront billing OPEB

                                    Amount: $5300.00  

                                                        

Total $14,241.00

 

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

 

I.              DISCUSSION/ACTION ON RECEIVING PENSION APPLICATION TO PROCESS

 

1.       Christopher Seelenbrandt, Fire, Normal 8-20-2021

 

 

J.        DISCUSSION/ACTION/VOTE ON RETURN OF CONTRIBUTIONS

 

1.      Ronald Perry, DPW

      Amount: $59,554.06

 

2.   Joan Duffy, Schools

       Amount: $16,066.93

 

3.   Charles Candela, DPW

Amount: $146.71

      

 

4.   Joshua Pauley, DPW

Amount: $40,148.22

 

           

5. Joshua Okolowitcz, Fire

   Amount: $7193.10

 

 

K.        DISCUSSION/ACTION ON APPROVAL OF PENSION CALCULATION

                       

1. Louis Traficante, Fire, Normal, 7/1/2021

                            Amount: pending      

                                   

                       

2.Anthony Bettencourt, Police Normal, 6/26/2021          

                           Amount: pending

 

3.Mark Longo, Police Normal, 7/7/2021

                           Amount: pending

           

L.         PUBLIC COMMENT

 

M.        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: 9-8-2021