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strategies. The general account is still managed by Hartford. Hartford will be moving <br />their headquarters to Radnor, PA in the near future. <br />Alan asked Henry to obtain information for the next meeting from PIMCO, Matthews, <br />Acadian and Artio as to how they are handling the global outlook. <br />Bob, Joe, Mike and Maggie will be attending the MACRS Conference in Hyannis. <br />Notification was received that the PERAC Emerging Issues Forum will be held at Holy <br />Cross on Sept. 20, 2012. Notification was received from PERAC that there will be no <br />educational credits for board members attending. <br />The Board reviewed the 2012 budget and the receipts and disbursements reports. <br />Mike Sacco sent notification that the State Retirement did not seek an appeal on the <br />Charles Shannon issue. He will forward a request that the 3(8)( c) report be changed to <br />remove the amounts previously billed. <br />Bob has spoken with the compensation consultant to begin the survey review with other <br />retirement systems for the administrator's and assistant's salaries. <br />The discussion of a request from MTRS regarding acceptance of service liability for <br />Regina Lamont was postponed until the June meeting. <br />It was noted that there will be a cash shortage for the month of June, amount to be <br />determined. The redemption will come from Fidelity Contrafund. <br />SSgA and Loomis Sayles will be invited to the next meeting which will be held June 27, <br />2012, 8:00 AM at Cary Memorial Library in the Learning Center <br />A motion was made, seconded and approved unanimously to adjourn the meeting at <br />10:30 AM. <br />Robert W. Cunha, Chairman <br />Michael McNabb, Appointed Member <br />Robert Addelson, Ex Officio Member Joseph Foley, Elected Member <br />Alan Fields, Appointed Member <br />