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Henry mentioned looking at real estate funds since the investment with Beacon will be ending. The <br />Board agreed to have Meketa look at both core and non -core real estate investments. Meketa will provide <br />updates on fossil fuel on a quarterly basis. <br />There was a discussion regarding "Once a member always a member" issue. According to the case <br />"Stoneham vs. CRAB ", the Board can set a policy that would terminate a LRS member and have OBRA <br />contributions start if an employee's hours fall below 20 hours. Dan Sherman has not responded to the <br />request to submit data as to how the change would affect the actuarial data. Maggie tried to get <br />information from the school department of how many members have had their hours reduced to less than <br />20 but was told that information was not tracked. Prior correspondence from Mike Sacco mentions the <br />Board can adopt a policy that once a member falls below the criteria the member can no longer contribute <br />and accrue creditable service, The Board will discuss at the next meeting. <br />The Board was reminded of the Board Member training and the MACRS October conference in <br />Springfield. No one will be attending. <br />PTG will contact Maggie in October to set up a meeting for employee self service module presentation. <br />The next meeting will be held October 27, 2015, 8:00 AM at Cary Memorial Library. FMI and Matthews <br />will be attending for the annual presentations. <br />A motion was made, seconded and approved unanimously to adjourn the meeting at 9:45. <br />Robert Cunha, Chairman Alan Fields, Appointed Member <br />Robert Addelson, Ex Officio Member Joseph Foley, Elected Member <br />Frederick Weiss, Appointed Member <br />