Personnel & Pension Board

Personnel & Pension Board Agenda Page 1 of 2 April 17, 2018 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 March 20, 2018 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. Tabled to the April 2018 meeting. B. Review updated draft version of the investment policy and asset allocation with UBS. Tabled for review with Josh Pothier at the April 2018 meeting. C. Request for prior service buyback from Bonnie Cuprak. A legal opinion was requested from Corporation Counsel. Mike Driscoll will review with the board at the April meeting and Brigid Marks will provide a summary on the types of prior service buybacks available. Tabled to the April 2018 meeting. IV. New Business A. Notification of the re-appointment of Shiela Hayes as a regular member of the board. Her term expires March 1, 2020 or until a successor is appointed. B. 2018 first quarter investment review with UBS. C. Applications for retirement: 1. Marcella Jodoin, Police Records Computer Operator, for a normal retirement effective June 2, 2018. D. Pension Calculations: 1. Peter Barber, retired March 1, 2018. His pension is calculated for $68,909.42 annually. His application for retirement was approved at the November 2017 meeting. 2. Deborah Thompson, retired March 3, 2018. Her pension is calculated for $20,451.92 annually. Her application for retirement was approved at the February 2018 meeting. 3. Jonathan Ley, retired March 14, 2018. His pension is calculated for $56,945.87 annually. His application for retirement was approved at the February 2018 meeting. E. Application for refund/rollover of pension contributions: 1. Ryan Flaherty, Firefighter, who terminated March 1, 2018. Refund of $35,894.10 with interest (thru 02/28/2018). 2. Kathy (Muscarella) Longo, Secretary-BOE, who terminated on July 31, 2015. Refund of $24,525.03 with interest (thru 02/28/2018). F. Notification of death: 1. Patricia Mereen, DOD March 25, 2018, surviving spouse of Samuel Mereen, Registrar, who retired on September 5, 1987. No further benefit due. G. Request from Sandra Pimentel to rescind the previously approved deferred General City retirement for Kathryn Crees. She is to be re-admitted to the fund at this meeting effective March 19, 2018. Personnel & Pension Board Agenda Page 2 of 2 April 17, 2018 Regular/Investment Meeting Room 213, 2nd floor, 6:00 PM, City Hall Building Norwich, Connecticut 06360 H. 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 Marie Tayaye Paraeducator-BOE 8/28/2017 n/a 01/24/2018 01/29/2018 Community Kathryn Crees Development 9/19/2017 n/a 3/18/2018 03/22/2018 Supervisor Julie Torres Paraeducator-BOE 10/2/2017 n/a 3/15/2018 03/20/2018 Colleen Donahue Paraeducator-BOE 10/11/2017 n/a 3/15/2018 03/22/2018 Susan Doutre School Nurse-BOE 01/02/2018 n/a 04/01/2018 04/09/2018 I. New Employees: NAME POSITION DATE OF HIRE CITY/STATE Partnership for Success Christine Poscich 04/09/2018 Norwich, CT Coordinator (YFS) General Assistance Katrina Rosedale Administrative 04/11/2018 Norwich, CT Coordinator (HS) V. Correspondence Letter from Andrew Thomasson. VI. Adjournment