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Personnel & Pension Board

Regular Meeting

Norwich, CT · March 21, 2017

AgendaMinutes

Minutes

Personnel & Pension Board Minutes Page i of3 March 21,2017 Regular Meeting Room 213,2n<^ floor,6:00 PM,City Hall Building Norwich,Connecticut 06360 I. Roll CaU Meeting called to order by Paul Schroder at 6:02 pm. A. Members Present 1. Paul Schroder, Chair(voting member) 2. Scott Suplita, Vice Chair (voting member) 3. Peter Barber(voting member) 4. John John(voting member) 5. Shiela Hayes(voting member) B. Members Absent 1. Zato Kadambaya (alternate) 2. Andre Rosedale (alternate) C. Others Present 1. Michael Gualtieri, Treasurer, City of Norwich 2. Brigid Marks,HR Director, City of Norwich 3. Sandra Pimentel,P&P Board Secretary 4. Marc Shegoski, UBS(phone)Item III.B. only 5. David Sears, UBS(phone)Item III.B. only II. Minutes A. Minutes ofthe February 21,2017 Regular Personnel & Pension Board Meeting. Motion to approve the February 21, 2017 Personnel & Pension Board meeting minutes made by John John,seconded by Peter Barber, all in favor. III. Old Business A. Request from Chief Scandariato, Fire Chief, to extend the eligibility list for Fire Lieutenant for six months. The current list expires on May 12, 2017. Motion to table to the March 2017 meeting to verify the list had been previously extended by six months. Brigid Marks verified the eligibility list for Fire Lieutenant had been previously extended for six months. Motion to extend the eligibility list for Fire Lieutenant for an additional six months made by Scott Suplita,seconded by Shiela Hayes, all in favor. B. Discussion concerning consulting and custodian services tabled to the March 2017 meeting for additional information. Marc Shegoski and David Sears presented the Portfolio Structure and Fee Review based on percentage of investment in index funds with the associated savings in annual expenses. The board discussed an investment strategy change in the current market. Marc and David explained the transitioning process between index fimds and managers. Due to the current potential volatility in the market. Marc recommended no more than 17% investment in index funds in the current market. Motion to remain at the current 12.5% investment in index funds and re-evaluate at the April investment meeting made by Peter Barber, seconded by Shiela Hayes, all in favor.

Agenda

Personnel & Pension Board Agenda Page 1 of 2 March 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 February 21, 2017 Regular Personnel & Pension Board Meeting. III. Old Business A. Request from Chief Scandariato, Fire Chief, to extend the eligibility list for Fire Lieutenant for six months. The current list expires on May 12, 2017. Motion to table to the March 2017 meeting for verification. B. Discussion concerning consulting and custodian services tabled to the March 2017 meeting for additional information. IV. New Business A. Application for retirement: 1. Paul Tomczyk, Weighmaster, for a normal retirement effective April 26, 2017. B. Notification of death: 1. James Serwinski (DOD February 16, 2017) who retired from NPU on August 25, 2011. Survivor benefit due to Cynthia Serwinski in the amount of $23,032.52 annually. The benefit due to Lorene Flynn is reduced to $5,571.01 annually per the DRO on file. 2. Hervey Hinse (DOD February 17, 2017) who retired from the Police Department on March 29, 1987. No further benefit due. C. Application for refund/rollover of pension contributions: 1. Donalyn Bogue, Paraeducator-BOE, who terminated January 2, 2017. Refund in the amount of $13,506.22 with interest (thru 1/31/2017). 2. Patrick Lajoie, Police Officer, who terminated January 30, 2017. Refund in the amount of $88,115.95 with interest (thru 1/31/2017). 3. Delisia Dolinger, Paraeducator-BOE, who terminated November 6, 2016. Refund in the amount of $7,110.68 with interest thru (1/31/2017). D. New Employees: DATE OF NAME POSITION HIRE CITY/STATE 911 Emergency Andrea Gabor 3/6/2017 Taftville CT Dispatcher LAN Technician/ Gerard Gonzalez 3/13/2017 Stonington CT User Support Personnel & Pension Board Agenda Page 2 of 2 March 21, 2017 Regular Meeting Room 213, 2nd floor, 6:00 PM, City Hall Building Norwich, Connecticut 06360 E. 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- Arelis Aliceas 9/23/2016 n/a 2/14/2017 2/16/2017 BOE Garry Niles Laborer 3/7/2016 n/a 3/6/2017 3/7/2017 Paraeducator- Jennifer Logan 10/12/2016 n/a 3/8/2017 3/13/2017 BOE Jeremiah Shea Laborer 3/10/2016 n/a 3/10/2017 3/15/2017 V. Correspondence Memo from Josh Pothier, City Comptroller and Mike Gualtieri, City Treasurer. VI. Adjournment

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