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MINUTES OF THE SEPTEMBER 23, 2009 RETIREMENT MEETING
<br />Present: Robert Cunha, Joseph Foley, Michael McNabb, Rob Addelson, Alan Fields,
<br />Marguerite Oliva
<br />Bob Cunha called the meeting to order at 8:00.
<br />The Board accepted and signed the 093009 warrant and the September payroll. They
<br />reviewed and signed the August minutes.
<br />New members: (26) Cherie Robinson, Recreation Municipal Clerk; Jolene Danian, Aide;
<br />Nichole Verissimo, Student Support Instructor; Heejean Yang, BCBA; Suzanne
<br />Rooney, Dept. Head Secretary; Julie LaLumiere, Secretary /Receptionist; Rynel Wise,
<br />Metco Monitor /Aide; Kimberly Kossmann, Mollie Chamberlain, Richa Jain, Debbie
<br />Scipioni, Tiffany Bradlee, Carolyn Sharp- Hegarty, John Goodwin, Marissa Williamson,
<br />Amy Sharon, Laura Cohen, Carolyn Schultz, Amanda Taylor, Abbie Stern, Valerie
<br />Diorio, Christina Nardone, Beth Gavrin, Sharon Reid, Carla Bombara, Elizabeth Billings,
<br />Colleen Williams, Instructional Assistants
<br />Request for Retirement: (3) Karen Ojamaa, Recreation Dept. Clerlk, 8128109; Charles
<br />Corssino, Cemetary Foreman, 1113109; Bryan Hoiseth, Patrolman, 9/18/09
<br />Deceased Retirees: (4) Ruth Oley, School Dept. Opt. B depleted, 8130109; Constance
<br />Hodgedon, Comptroller Clerk, Opt. B depleted, 912109; Ruth Keefe, 94109, School Dept.,
<br />Opt. A; Charles Foley, School Custodian, Opt. B depleted, 917109
<br />Fran Peters and LouAnn Eisenhut from Meketa Investments presented the August 31
<br />primilary report. Market value as of 8/31109 was $91.6 mm. Year to date has increased
<br />15.6 %.
<br />Also presented by Meketa was an overview of the PIMCO Global Multi -Asset Fund.
<br />Attending the meeting were Teri Frisch and Cynthia Loh from PIMCO. They first
<br />reviewed the PIMCO All Asset Fund which increased to $22.1 mm as of 8/31/09. Year
<br />to date has increased 16.8 %.
<br />The PIMCO representatives presented information on the new PIMCO Global Multi -
<br />Asset Fund. The strategy inception date was November 2008 and year to date is up
<br />13.2 %.
<br />Tim Maul and Sarah Gilfillan from Wellington attended the meeting to discuss the
<br />Opportunistic Fund. Year to date has increased 21.5 %. The Board requested that Tim
<br />Maul present new strategies for future considerations.
<br />Reports are on file in the retirement office.
<br />After further discussions, a motion was made, seconded and approved unanimously to
<br />invest $12.7 mm in PIMCO Global Multi -Asset Fund. Transfer $8 mm from the existing
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