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<br />MinutesoftheApril27,2017RetirementBoardMeeting <br />Present:BobCunha,JosephFoley,FrederickWeiss,AlanFields,MargueriteOlivaandJimCondon. <br />Absent:CarolynKosnoff <br />NEWMEMBERSʹ(6)ChristopherRaposa,AndrewMahoney,AndrewEriksen,StephanieHudson,Erik <br />Guillette,Firefighters/Paramedics;LeahPuffer,Asst.DatabaseAdmin. <br />DEATHS:Sen.KenDonnelly,FF,4/1/17,ElizabethBolster,SchoolLunch,3/10/17,DanielGriffith, <br />Custodian,4/7/17,RuthWalsh,SchoolKitchenMgr.,4/11/17 <br />RETIREMENTS:RosaTsai,ReferenceLibrarian,6/1/17;SheilaButts,CommunityCenterDirector,5/5/17 <br />TheBoardacceptedthe043017WarrantandtheAprilpayroll.TheMarchminuteswerereviewedand <br />approved,aswellasthecashbooksforFebruary2017. <br />TheBoarddiscussedthemedicalpanelreviewsforLouOrificenotingthatthethirdreportwasnotin <br />agreementwiththeothertwowhostatedLouwasnotabletoperformhisessentialdutiesandthe <br />injurywaspermanent.AmotionwasmadebyBobtoaccepttheADR,secondedbyJoeandvotedin <br />agreementbyAlanandFred. <br />ThematterwithJosephh͸\[ĻğƩǤisstillpendingatDivisionofAdministrativeLawAppealsregardinghis <br />vacationaccrualpayoutfromtheTownofLexingtonatthetimeofretirement. <br />TheCostofLivingAdjustmentforretireeswasapprovedbyTownMeeting.EffectiveJuly1,2017,the <br />COLArateissetat3%ofthefirst$14,000.00forretirees. <br />TherewasabriefconversationregardingpostingtheminutesoftheBoardmeetingstotheTown <br />websiteforthegeneralpublic. <br />th <br />.Noothercandidatehadcome <br />Thelastdayfornominationpapersfor.ƚĬ͸ƭpositionwasMay10 <br />forward. <br />MaggiespoketotheBoardaboutMorganRecordsManagementCo.Thisisascanningcompanyoffered <br />byPTGthatwouldscanallretirementrecordsofourchoiceandimportthemintothecomputersystem. <br />Theinitialfeeis$18,500andtheannualfeeforthisvendoris$4,000peryear.TheBoardrecommended <br />callstootherlocalboardswhoareusingthisvendorserviceforfeedback. <br />thth. <br />TheMACRSConferencewillbeheldinHyannisfromSundayJune4untilWednesdayJune7Bob,Joe, <br />Maggie,andJimarescheduledtoattend. <br />ThereweredistributionsfromGolubCapitalfor$70,000.00,Monroefor$114,073,andafinalreleaseof <br />capitalfromBeaconfor$279,771.Withtherelease,eachinvestorinFundVhasnoobligationtofund <br />furthercapitalcontributionstoFundVeffective3/29/17. <br />TheVanguardbalanceforOPEBwas$9,317,026on3/31/17. <br />KayneAndersonRudnickhasbeenfundedtoday.$6mwastransferredfromtheHartfordFund.Expect <br />toseeKayneAndersonnumbersonMayreport. <br /> <br />