2010-02-25-RB-min - Laserfiche WebLink

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MINUTES OF THE FEBRUARY 25, 2010 RETIREMENT MEETING Present: Robert Cunha, Joseph Foley, Alan Fields, Rob Addelson, Marguerite Oliva Absent: Michael McNabb Bob Cunha called the meeting to order at 8:00. The Board accepted and signed the 022610 warrant and the February payroll. The January minutes were reviewed and signed. New Members: (5) Lisa George -Cox, Krista Myers, Lynda Pyburn, Student Support Instructors; Clayton Sanders, Stephanie Smith, Instructional Assistants Deceased Retirees: (2) John Walsh, Firefighter, Opt. B depleted, 1/31/10; William Marques, Policeman, Accidental Disability Opt. B, 2/5/10 Atty. Mike Sacco attended the meeting for a second hearing about the excess earnings for Anthony Previte after receiving documents that were requested at the January meeting. James O'Neil represented Mr. Previte. Discussing the information received from Mr. Previte, Atty. Sacco noted that the interest on his tax form probably should not have been included by PERAC in calculating his excess earnings. He did however feel that the $31,000 settlement for a commission that should have been paid in 2002 but settled in 2008 is correctly being classified as excess earnings. Att Sacco will contact PERAC regarding the matter. The Board did their due diligence in holding the hearings and reviewing the material. PERAC will make the final determination. A DALA appeal notice for Sara Arnold was received. Ms. Arnold was employed by the Town of Lexington starting in 1979 but was never a member of the system. In 2000, after she began working for Massport the Board accepted the request from Massport to allow her to buyback her years of service and accepted liability for 7 years, 7 months service. Ms. Arnold in 2009 requested that the Board recognize her membership date as 1979 and was denied. Atty. Sacco mentioned that the Board was not obligated to even accept the liability and that matter could be revisited. Going forward, the Lexington Board will adopt a policy to only accept buyback requests for those who continue to work in Lexington and have gone from a non - membership status to a member in service status. There was a discussion about the 18 hour membership requirement. The Board is in agreement that the hours should be increased to 20 hours /week to make it consistent with eligibility for health benefits. In drafting the policy the Board questioned if current