Personnel & Pension Board

Personnel & Pension Board Agenda Page 1 of 2 March 20, 2018 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 20, 2018 Personnel & Pension Board Meeting. III. Election of Officers IV. Old Business A. Review of procedure for unclaimed pension refunds. Corporation Counsel Mike Driscoll to advise on disposition of funds. Tabled to the March 2018 meeting. B. Review updated draft version of the investment policy and asset allocation with UBS. Tabled to the March 2018 meeting. C. Request for prior service buyback from Bonnie Cuprak. A legal opinion was requested from Corporation Counsel. Tabled to the March meeting. D. Request for a bankruptcy notification/dispute procedure from Corporation Counsel for review at the March 2018 meeting. V. New Business A. Presentation and review of the Actuarial Valuation Reports for the Retirement and OPEB Plans dated July 1, 2017. B. Applications for retirement: 1. Robert Murphy III, 911 Emergency Services Dispatcher, for a normal retirement effective June 2, 2018. C. Pension Calculations: 1. Kathleen Tennant, retired January 20, 2018. Her pension is calculated for $15,067.79 annually. Her application for retirement was approved at the January 2018 meeting. 2. Martin Gillette, retired February 17, 2018. His pension is calculated for $61,358.56 annually. His application for retirement was approved at the January 2018 meeting. 3. Janice Thompson, retired March 3, 2018. Her pension is calculated for $43,818.48 annually. Her application for retirement was approved at the January meeting. 4. Victoria Daniels, retired March 5, 2018. Her pension is calculated for $44,698.86 annually. Her application for retirement was approved at the February 2018 meeting. D. Application for refund/rollover of pension contributions: 1. James Murphy, Paraeducator-BOE, who terminated November 6, 2017. Refund of $5,254.56 with interest (thru 11/30/2017). 2. Diane Giannelli, Paraeducator-BOE, who withdrew on February 20, 2018. Refund of $1651.78 with interest (thru 02/28/2018). 3. Nancy Smith, Paraeducator-BOE, who withdrew on March 7, 2018. Refund of $10,515.83 with interest (thru 02/28/2018). Personnel & Pension Board Agenda Page 2 of 2 March 20, 2018 Regular Meeting Room 213, 2nd floor, 6:00 PM, City Hall Building Norwich, Connecticut 06360 E. Notification of death: 1. Douglas Smith, DOD February 15, 2018, who retired from the Fire Department on April 28, 2013. Survivor benefit immediately payable to his spouse, Janet Smith, in the amount of $56,803.57 annually. 2. Dennis Levander, DOD February 20, 2018, who retired from NPU on October 3, 2009. No further benefit due. F. 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 Andrea Gabor 911 Dispatcher 3/6/2017 n/a 3/5/2018 02/18/2018 Administrative Robin Bochese 12/11/2017 n/a 3/10/2018 03/12/2018 Assistant-BOE G. New Employees: NAME POSITION DATE OF HIRE CITY/STATE Vincent Wawrzynowicz Laborer 02/17/2018 Norwich, CT Corey Murphy Laborer 02/20/2018 Norwich, CT Apprentice Lineworker James Rogers 03/13/2018 Lebanon, CT –NPU VI. Correspondence VII. Adjournment