Personnel & Pension Board
Regular MeetingNorwich, CT · January 16, 2018
Minutes
Personnel & Pension Board Minutes Page 1 of 4
January 16,2018 Combined Regular/Investment Meeting
Room 213,2"'^ floor,6:00 PM,City Hall Building
Norwich,Connecticut 06360
I. Roll Call
Meeting called to order by Scott Suplita at 6:00 pm.
A. Members Present
1. Scott Suplita, Vice Chair (voting member)
2. Peter Barber (voting member)
3. Shiela Hayes(voting member)
4. John John (voting member)
5. Andre Rosedale (alternate)
6. Richard Morelli(alternate - seated as a voting member)
B. Members Absent
1. Paul Schroder (voting member)
C. Others Present
1. Brigid Marks,Human Resources Director
2. Josh Pothier, Comptroller
3. Sandra Pimentel,P&P Board Secretary
4. Marc Shegoski, UBS
5. David Sears, UBS(via phone conferencing)
6. Ashley Martella, UBS
7. Rob Anders
8. Rob Dempsky
II. Minutes
A. Minutes of the November 21,2017 Personnel & Pension Board Meeting.
Motion to approve the November 21, 2017 Personnel & Pension Board meeting
minutes made by Sheila Hayes,seconded by John John, all in favor.
III. Old Business
A. Review of procedure for unclaimed pension refunds. Corporation Counsel Mike
Driscoll to advise on disposition of fxmds. Table to the January 2018 meeting.
Mike Driscoll is still reviewing. Motion to table procedure for unclaimed funds to
the February meeting made by Shiela Hayes,seconded by John John, all in favor.
IV. New Business
A. 2017fourth quarter investment review with UBS.
Marc Shegoski, Ashley Martella and David Sears presented the UBS House View:
We are still in the late stages of the continuing bull market. Growth, inflation and
earnings will continue to accelerate with three modest interest rate hikes expected
this year. US valuations are fair given the environment. Equities remain attractive
versus bonds and are still overweight in global stocks versus bonds. They
recommend an overweight to large-cap value versus growth.They continue to favor
Agenda
Personnel & Pension Board Agenda Page 1 of 2
January 16, 2018 Combined Regular/Investment Meeting
Room 213, 2nd floor, 6:00 PM, City Hall Building
Norwich, Connecticut 06360
I. Roll Call
II. Minutes
A. Minutes of the November 21, 2017 Personnel & Pension Board Meeting.
III. Old Business
A. Review of procedure for unclaimed pension refunds. Corporation Counsel Mike
Driscoll to advise on disposition of funds. Table to the January 2018 meeting.
IV. New Business
A. 2017 fourth quarter investment review with UBS.
B. Review draft version of the investment policy update.
C. Calculation and review of the 2018 interest rate on contributions.
D. Discuss codification of pension and OPEB plans.
E. Applications for retirement:
1. Lisa Ensling, Paraeducator-BOE, for a deferred retirement effective January 3, 2013
(payable March 9, 2029).
2. James Willcox, Custodian-BOE, for a normal retirement effective December 1, 2017.
3. Joseph Cooper, Recycling Coordinator, for a normal retirement effective January 4,
2018.
4. James Telgarsky, Public Works Crew Leader, for a normal retirement effective
January 4, 2018.
5. Kathleen Tennant, Paraeducator-BOE, for a normal retirement effective January 20,
2018.
6. Martin Gillette, Control Room Operator-NPU, for a normal retirement effective
February 17, 2018.
7. Janice Thompson, Human Services Administrative Coordinator, for a normal
retirement effective March 3, 2018.
F. Pension calculations:
1. Lisa Ensling, retired January 3, 2013. Her pension is calculated for $6,260.15 annually
payable March 9, 2029. Her application for a deferred retirement is on this agenda
for approval.
2. James Willcox, retired December 1, 2017. His pension is calculated for $20,169.52.
His application for retirement is on this agenda for approval.
3. Lauren Casady, retired December 8, 2017. His pension is calculated for $45,839.81
annually. His application for retirement was approved at the November 2017
meeting.
4. Alan Bush, retired January 1, 2018. His pension is calculated for $11,928.61 annually.
His application for retirement was approved at the October 2017 meeting.
5. James Telgarsky, retired January 4, 2018. His pension is calculated for $38,328.44.
His application for retirement is on this agenda for approval.
Personnel & Pension Board Agenda Page 2 of 2
January 16, 2018 Combined Regular/Investment Meeting
Room 213, 2nd floor, 6:00 PM, City Hall Building
Norwich, Connecticut 06360
6. Joseph Cooper, retired January 4, 2018. His pension is calculated for $14,354.85
annually. His application for retirement is on this agenda for approval.
G. Application for refund/rollover of pension contributions:
1. Mario Gualtieri, Utility Meter Reader-BOE, who terminated December 21, 1991.
Refund of $26,772.46 with interest (thru 08/31/2017).
2. Nora Bartnicki, Paraeducator-BOE, who terminated August 11, 2016. Refund of
$3,553.29 with interest (thru 09/30/2017).
3. Sarah Toof, Paraeducator-BOE, who terminated September 13, 2017. Refund of
$2,971.88 with interest (thru 08/31/2017)
H. Notification of death:
1. Stephen Garstka, DOD December 6, 2017, who retired from Public Works on April
10, 2004. Survivor benefit immediately payable to his spouse, Jeanne Garstka, in the
amount of $46,262.90 annually.
2. Anthony Jablonski, DOD December 6, 2017, who retired from Public Works on
February 4, 2004. No further benefit due.
I. Request from John Bilda, General Manager-NPU, to extend the eligibility list for
Customer Account Rep I for one year. The current list expires on April 4, 2018.
J. Employee(s) to be admitted into the City of Norwich Employees’ Retirement Fund:
ACADAMY REQUEST
DATE OF GRADUATION LAST DAY ON /EVAL
NAME POSITION HIRE DATE PROBATION RECEIVED
Melanie Bradshaw Paraeducator-BOE 4/19/2017 n/a 11/03/2017 12/23/2017
Kaylie Brear CAR I – NPU 6/12/2017 n/a 12/11/2017 12/14/2017
Joseph Muscarella Janitor 12/17/2017 n/a 10/31/2017 11/02/2017
Brian Carroll Police Officer 12/29/2015 12/29/2015 12/20/2017 12/06/2017
Briana Ramirez Police Officer 6/28/2017 12/21/2016 12/20/2017 12/06/2017
Javier Santiago Police Officer 6/28/2017 12/21/2016 12/20/2017 12/06/2017
Gabriel Martinez Safety Officer-BOE 1/02/2018 n/a n/a 1/03/2018
K. New Employees:
NAME POSITION DATE OF HIRE CITY/STATE
Cheryl Hancin Recreation Director 11/28/2017 Norwich, CT
Angela Fuller Records Clerk 12/1/2017 Norwich, CT
Antoine Charest Police Officer 12/27/2017 Terryville, CT
V. Correspondence
VI. Adjournment
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