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Minutes of the September 30, 2021 Retirement Board meeting: <br /> Present: Robert Cunha,Joseph Foley,Alan Fields, Fred Weiss, Carolyn Kosnoff&Jim Condon <br /> Absent: Marguerite Oliva <br /> NEW MEMBERS: (18) Christina Cusato, Student Support; Lily Delgado, Admin. Asst; Gina Mistretta, <br /> Bella Khachatourian, Whitney Pierre, Sara Tibur, Support Instructional Assts; John Cuccinello, Mojgan <br /> Peykazadi, Mary Fathi,Ngoc Do, Haydn Kilty, Shilpi Kalam, Instructional Assts; Helen Lui, Program <br /> Manager; Heather Maganzini, Library Tech; Trevor Jones, Robert Swasey, Firefighters; Joanne Belanger, <br /> Public Health Director; Dennahe Adley, Dispatcher <br /> RETIREMENTS: None <br /> DEATHS: None <br /> The Lexington Retirement Board met remotely through Zoom tele-conferencing during the Covid-19 <br /> Pandemic. The Town Clerks Office posted the meeting,which included the information for any <br /> interested party to join the call. All Board members were present for this meeting. Chairman Robert <br /> Cunha called the meeting to order at 8:30 am. <br /> The Board accepted the 093021 Warrant and the September payroll. The August minutes and July <br /> financials were reviewed and approved. <br /> Robert Cunha reviewed the September agenda with all Board members and staff in attendance. It was <br /> noted we received two (2) distributions from White Oak in the amounts of$63,654.00 and $29,302.00 <br /> The Monroe call of$2,838,672.00 was processed on September 28, 2021, while the Golub 14 first call of <br /> $1,250,000.00 will be processed on October 1, 2021. <br /> The Board has not received any new information regarding the Joseph O'Leary or Robert Magarian <br /> matters. <br /> Robert Staples had filed his paperwork to PERAC regarding his 91A status on 8/23/21. PERAC had <br /> advised him he failed to provide a copy of his W-2 Form. Jim Condon has been in touch with both <br /> PERAC and Mr. Staples regarding this matter. Jim was informed by Mr. Staples on 9/29/21 that he was <br /> faxing the W-2 Form to Sandra King at PERAC for review immediately. This matter will require further <br /> review upon PERAC's findings. Jim will reach out to both parties in a few weeks for an update. <br /> Jason Morey submitted a request to the Lexington Retirement Board on 09/28/2021 for a hearing <br /> regarding overearnings in 2020. This stems from PERAC's findings in which Mr. Morey exceeded the <br /> earnings limit by$33,872.43 based on the 91A forms and tax filings submitted to PERAC. Mr. Morey has <br /> been advised to submit new information to the Lexington Retirement Board for review. No action to be <br /> taken at the present time. <br /> The Stone Consulting firm will require a payment of$1,500.00 for our requested COLA study. The Board <br /> was under the notion a study was included in the contract. Robert Cunha made a motion to approve the <br /> $1,500.00 payment,which was seconded by Joseph Foley, and unanimously approved by Carolyn <br /> Kosnoff,Alan Fields and Fred Weiss. <br />