Personnel & Pension Board
Regular MeetingNorwich, CT · February 21, 2017
Minutes
Personnel & Pension Board Minutes Page i of4
February 21,2017 Regular Meeting
Room 213,2"^ floor, 6:00 PM,City Hall Building
Norwich, Connecticut 06360
I. RoUCaU
Meeting called to order by Paul Schroder at 6:00 pm.
A. Members Present
1. Paul Schroder, Chair(voting member)
2. Peter Barber(voting member)
3. John John (voting member)
4. Scott Suplita, Vice Chair(voting member)
5. Shiela Hayes(voting member)
6. Andre Rosedale(alternate) arrived at Item III.A.
7. Zato Kadambaya(alternate) arrived at Item IILA.
B. Members Absent(none)
C. Others Present
1. Michael Gualtieri, Treasurer, City of Norwich
2. Josh Pothier, Comptroller, City of Norwich
3. Brigid Marks,HR Director, City of Norwich
4. Sandra Pimentel,P&P Board Secretary
5. Marc Shegoski, UBS
6. David Sears, UBS(phone)Item III.B. only
n. Minutes
A. Minutes of the January 17, 2017 Combined Regular/Investment Personnel & Pension
Board Meeting.
Motion to approve the January 17,2017Personnel &Pension Board meeting minutes
made by Peter Barber,seconded by John John, all in favor.
III. New Business
A Discussion on investment services with Josh Pothier and Mike Gualtieri.
Josh Pothier and Mike Gualtieri discussed putting out a Request for Proposal(RFP)
for Investment Management & Custodial Services. Josh Pothier presented the
history of previous RFPs for these services, budget concerns and the current fees of
$800,000 for the Employee's Retirement Fund and $67,000for the OPEB Fund. He
reported the Finance and Treasury departments have been reviewing their services
and have requested proposals resulting in significant savings for both the City and
employees. Board members discussed quality over price and are looking for the best
services and value during these uncertain financial times.
B. Follow-up to discussion on investment services with Marc Shegoski.
Marc Shegoski presented a fee review of the portfolio and outlined possible saving
to the City (see attached). Marc explained that Wilmington recently sold
custodianship with Matrix that allows a move to UBS Consulting, Transactions and
Custody for an expense reduction of approximately $95,700 annually. Marc
explained the higher the percentage of index funds in the portfolio, the lower the
City's fees would be. For example, if the Personnel & Pension Board were to vote to
change the portfolio to 100% index funds, the City would save $589,000 in fees.
Agenda
Personnel & Pension Board Agenda Page 1 of 3
February 21, 2017 Regular Meeting
Room 213, 2nd floor, 6:00 PM, City Hall Building
Norwich, Connecticut 06360
I. Roll Call
II. Minutes
A. Minutes of the January 17, 2017 Combined Regular/Investment Personnel & Pension
Board Meeting.
III. New Business
A. Discussion on investment services with Josh Pothier and Mike Gualtieri.
B. Follow-up to discussion on investment services with Marc Shegoski.
C. Application for retirement:
1. Gary Evans, Director of Planning & Community Development, for a deferred
retirement effective February 4, 2017.
D. Pension calculations:
1. Carlton Clark, retired January 5, 2017. His pension is calculated for $19,551.89
annually. His application for retirement was approved at the September 2016
meeting.
2. Gary Evans, retired February 4, 2017. His pension is calculated for $11,177.12
annually. His application for deferred retirement to be approved at this meeting.
E. Notification of death:
1. Elizabeth Demauro (DOD December 30, 2016) surviving spouse of Thomas who
retired on October 16, 1989 from the Fire Department. No further benefit due.
2. Nancy Poitras (DOD January 12, 2017) who retired on March 7, 2009 from NPU. No
survivor benefit due
3. John Parsons (DOD January 19, 2017) who retired on June 27, 1989 from NPU. No
survivor benefit due.
F. Application for refund/rollover of pension contributions:
1. Ramel Williams, Paraeducator-BOE, who terminated June 20, 2015. Refund in the
amount of $578.58 with interest (thru 11/30/2016).
2. Sonia Veracruz, Paraeducator-BOE, who terminated June 20, 2015. Refund in the
amount of $1,873.66 with interest (thru 11/30/2016).
3. Dominic Kingsley, LAN Technician, who terminated December 22, 2016. Refund in
the amount of $52,423.74 with interest thru (11/30/2016).
G. Request from Chief Scandariato, Fire Chief, to extend the eligibility list for Fire
Lieutenant for six months. The current list expires on March 12, 2017.
H. Request from Chief Daley, Police Chief, to extend the eligibility list for Police Records
Computer Operator for one year. The current list expires on May 16, 2017.
I. Request from Chief Daley, Police Chief, to extend the eligibility list for 911Emergency
Dispatcher for one year. The current list expires on May 31, 2017.
J. New Employees:
DATE OF
NAME POSITION HIRE CITY/STATE
Donte Esposito Fire Fighter 2/7/2017 Bristol CT
Jordon Brown Laborer 2/6/2017 Norwich CT
Personnel & Pension Board Agenda Page 2 of 3
February 21, 2017 Regular Meeting
Room 213, 2nd floor, 6:00 PM, City Hall Building
Norwich, Connecticut 06360
K. Employee(s) to be admitted into the City of Norwich Employees’ Retirement Fund:
ACADAMY REQUEST
DATE OF GRAD PROBATION /EVAL
NAME POSITION HIRE DATE PERIOD UP: RECEIVED:
Paraeducator-
Diane Giannelli 8/29/2016 n/a 1/19/2017 1/20/2017
BOE
Paraeducator-
Jennifer Alicchio 8/29/2016 n/a 1/25/2017 1/27/2017
BOE
Paraeducator-
Lisa Beaudet 8/29/2016 n/a 1/19/2017 1/27/2017
BOE
Paraeducator-
Wilma Cotto 8/29/2016 n/a 1/25/2017 1/27/2017
BOE
Paraeducator-
Sarah Seifert 8/29/2016 n/a 1/24/2017 1/27/2017
BOE
Paraeducator-
Jessica Cairnes 8/29/2016 n/a 1/18/2017 1/19/2017
BOE
Paraeducator-
Melissa Cheslog 8/29/2016 n/a 1/17/2017 1/19/2017
BOE
Paraeducator-
Donna Fentor 8/29/2016 n/a 1/18/2017 1/19/2017
BOE
Paraeducator-
Kaila Gromko 8/29/2016 n/a 1/17/2017 1/19/2017
BOE
Paraeducator-
Cristal Hodge 8/29/2016 n/a 1/18/2017 1/19/2017
BOE
Paraeducator-
Sam Jennings 8/29/2016 n/a 1/17/2017 1/19/2017
BOE
Paraeducator-
Ashley Migliaccio 8/29/2016 n/a 1/17/2017 1/17/2017
BOE
Paraeducator-
Lisa Parks 8/29/2016 n/a 1/17/2017 1/19/2017
BOE
Paraeducator-
Stephanie Tate 8/29/2016 n/a 1/18/2017 1/19/2017
BOE
Paraeducator-
Keeley Whalen 8/29/2016 n/a 1/18/2017 1/19/2017
BOE
Paraeducator-
Sheryle Perkins 8/29/2016 n/a 1/19/2017 1/20/2017
BOE
Paraeducator-
Kelsey Warren 8/29/2016 n/a 1/19/2017 1/20/2017
BOE
School Nurse-
Kayla Allen 8/31/2016 n/a 11/28/2016 1/17/2017
BOE
School Nurse-
Marcia nelson 9/13/2016 n/a 12/11/2016 1/17/2017
BOE
School Nurse-
Jennifer Ceccarelli 8/29/2016 n/a 11/26/2016 1/17/2017
BOE
Paraeducator-
Tanya Ciorciari 8/29/2016 n/a 1/27/2017 2/7/2017
BOE
Personnel & Pension Board Agenda Page 3 of 3
February 21, 2017 Regular Meeting
Room 213, 2nd floor, 6:00 PM, City Hall Building
Norwich, Connecticut 06360
Paraeducator-
Tanya Williams 9/13/2016 n/a 2/2/2017 2/7/2017
BOE
Brent Beauchamp Custodian-BOE 8/8/2016 n/a 2/8/2017 2/10/2017
IV. Adjournment
Get email alerts for Norwich
A daily email when new agendas and minutes are posted.