HomeMy WebLinkAbout2011-01-31-RB-minMINUTES OF THE JANUARY 31, 2011 RETIREMENT MEETING
Present: Robert Cunha, Rob Addelson Alan Fields, Joe Foley, Michael McNabb,
Marguerite Oliva
Bob Cunha called the meeting to order at 5:00.
The Board accepted and signed the 013111 warrant and the January payroll. The
December minutes were reviewed and signed.
New Members: (6) Andrew Porter, Special Class Aide; Sarah Ruggieri, Student Support
Instructor; Samuel Bosbach, Sandra Pendleton, SPED Instructional Assistants; Stephen
Camacho, School Custodian; John Fleck, Assistant Fie Chief
Retirements: (2) Carol Murphy, Firefighter; Dennis Meehan, Sup. Water /Sewer 214111
Deceased: (4) Rose Belcastro, S. 101 Survivor of Francis Belcastro, 12121/10; Roberta
Cochran, Opt. A. School Secretary, 12124/10; Michael Leone, School Custodian, 1115111;
E. Lois Lyons, Opt. A, School Secretary, 1/19111
The ongoing problems with Laura Creedon were discussed. Mike Sacco has sent a letter
to the Attorney General to see if there was any action that can be taken. He received a
call for an assistant who told him although they are aware of the "Commonwealth for the
Republic of Massachusetts De jure Grand Jury" that Laura is now involved with, there
really is nothing that can be done. Alan wondered if there is any formal action that the
Board could take. The Board is concerned about the increasing tone of aggressiveness
and the implied threats. Bob will contact Sen. Ken Donnelly to ask for assistance.
The Board reviewed the Medical Panel reports for Tamzin Ladd. A motion was made,
seconded and approved unanimously to accept the findings and grant the accidental
disability. The paperwork will be forwarded to PERAC.
The Board discussed the application from Joe Sveistys for both accidental and ordinary
disability retirement. The "Physician Statement" did not have the first question which
refers to the employee being able to perform the essential duties of his job was not
answered. The Board asked that the form be sent back to the treating doctor for
completion. The corrected "Employer Form" was received. Rob asked that a meeting be
set up with Denise Casey after corrected copies are received.
The Board discussed the membership changes for eligibility. Two changes were accepted
by unanimous vote.
1.) 20 hours per week for eligibility beginning April 1, 2011. All current members will
be grandfathered.
2.) Liability on buybacks for Lexington employees only. Mike Sacco will be asked for an
update.
Letters are to be sent to HR Directors Casey and Harris, Town Manager, Carl Valente and
Superintendent Paul Ash to notify them of changes.
The OPEB Vanguard balance for 12/31/10 was $1,484,646.
The 3` quarter Town Appropriation for $929,637.25 was wired to State Street.
Joseph Haynes reevaluation was completed by PERAC. He still is unable to perform the
essential duties of his job.
There was a general investment discussion. Meketa reports 2010 up 14.3 %. Alan is
bothered that the actuarial study was done with a smoothing method and mentioned is
appears that 2008 did not happen. The unfunded liability is an understated number.
Alan requested that Rep. Jay Kaufman and Peter Diamond be invited to attend a meeting.
Bob said he would contact Sen. Donnelly to see if he can assist with the invitation.
Wellington representatives will be asked to attend the February 24, 2011 meeting.
PERAC still has not responded to the Board regarding the 2008 over earnings for
Anthony Previte.
A motion was made, seconded and approved unanimously to adjourn the meeting at
9:30 AM.
The next meeting will be held February 24, 2010, 8:00 AM at Cary Memorial Library in
the Learning Center.
Robert W. Cunha, Chairman
Michael McNabb, Appointed Member
Robert Addelson, Ex Officio Member
Joseph Foley, Elected Member
Alan Fields, Appointed Member