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2016-05-26-RB-min
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2016-05-26-RB-min
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Minutes - RB - Retirement Board
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Noting that there is $6m in cash, it was voted unanimously to move $1m from cash to the PRIT <br />Real Estate Fund and add to it each month. Alan suggested looking at the global tactical <br />allocation to move 5% next month. <br />Mike Sacco will be attending DALA on June 1, 2016 for the Creedon hearing and will advise the <br />Board of the outcome. <br />Contract extensions have been put in place for Meketa, PTG, State Street, Mike Sacco and Dan <br />Sherman. <br />The Town wired $299,187 to the Vanguard OPEB fund and the balance is now $7,207,740. <br />Town Meeting has appropriated $1.5m for FY’17 which will be paid in quarterly increments. <br />State Street sent a letter regarding billing errors and reimbursement. $54 will be returned. <br />Monroe distributed $131,119. <br />No change in the fossil fuel stance. As of December 2015, approximately 3.7% of the total <br />system in invested in fossil fuel companies. <br />Bob and Joe will be attending the MACRS conference in Hyannis. <br />A motion was made, seconded and approved unanimously to adjourn the meeting at 10:20. <br />The next meeting will be held June 23, 2016, 8:00 AM at Lexington Town Hall in the Parker <br />Room <br />___________________________ _______________________________ <br />Robert Cunha, Chairman Alan Fields, Appointed Member <br />_______________________________ ________________________________ <br />Robert Addelson, Ex Officio Member Joseph Foley, Elected Member <br />_______________________________ <br />Frederick Weiss, Appointed Member <br />
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