2012-07-26-RB-min - Laserfiche WebLink

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Minutes of the July 26, 2012 Retirement Meetings Present: Robert Cunha, Rob Addelson, Alan Fields, Marguerite Oliva Absent: Joe Foley, Mike McNabb Bob Cunha called the meeting to order at 5:00 AM. The Board accepted and signed the 73112 Warrant and July payroll. The June minutes were reviewed and approved. New Members: (10) Talia Burkstein, David Boczenowski, Erin Kelly, Student Support Instructors; William Glynn, Finance Manager; Kevin Tighe, Library Custodian; Brian Higgins, Human Resource Assistant; Catherine O'Brien, Special Ed IA; Diane Sawyer, Financial Clerk; Jeffrey Howry, Assistant Assessor; Michelle Tassi, Community Dev. Dept Assistant Deaths: Richard Rycroft, ADT Opt. C., Firefighter, 714112 The Board discussed the State Street custodial fee increase of $4,356 per year and accepted the increase. There was a discussion of PERAC memo #39 and Mike Sacco's response regarding regular compensation status of payments made in lieu of taking vacation leave. Whereas the memo states the Board would have to analyze the payments to determine if it could be classified as regular compensation, Atty. Sacco's response stated that both the definition of regular compensation as amended by Section 26 of Chapter 21 of the Acts of 2009 and also PERAC's regulation in 840 CMR 15.03(3)(f) state ... "shall not include 1 -time lump sum payments in lieu of or for unused vacation or sick time." It was noted the lump sum payments for unused vacation are set up in the MUNIS payroll system not to be pensioned. Police Officer Christopher Collins requested to buyback his military time prior to his being employed in Lexington. The request was unanimously accepted. The quote for new office furniture from WB Mason was presented to the Board. The cost will be approximately $3,450. The desktop will be adjustable which will allow work to be performed in a standing position which has been proven to be beneficial. The first quarter FY' 13 appropriation in the amount of $1,031,174 was wired to State Street and the FY' 12 Jan — June State COLA reimbursement for $68,087 was received. The Vanguard balance on 6130112 was $2,166,697. An additional $500,000 was wired from the Town in early July. Bob noted the compensation report should be completed soon.