September 16, 2020
2020-09-16T09:00:00
Needham Retirement Board
Wednesday, September 16, 2020
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TOWN OF NEEDHAM
CONTRIBUTORY RETIREMENT SYSTEM
1471 HIGHLAND AVENUE
NEEDHAM, MASSACHUSETTS 02492-2605
Board:
Evelyn M. Poness, Chairperson
Sandra J. Cincotta
John P. Krawiecki
Robert P. Mearls
TBD
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Staff:
Jacob P. Cole, Administrator
Elizabeth H. Milch, Specialist
Contact Information:
Ph. (781) 455-7500 x232
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RETIREMENT BOARD MEETING
September 16, 2020 | 9:00AM
*Video Conference Call
*Special Circumstance – COVID-19 –Town Hall Closed
https://us02web.zoom.us/j/81436470353?pwd=NTA2RkZsYVhRYWlwNldwdEc1Um95QT09
*Segal will be presenting to the Board promptly at 9:00am.
Approvals
Approve – Segal Preliminary Actuarial Study & New Investment Return Rate...................................... p.4
Approve – Robert Papetti Uncontested Board Seat Confirmation..................................................... p.22
Approve – August Board Meeting Minutes...................................................................................... p.23
Approve – August Attachment A..................................................................................................... p.27
Approve – August Payroll Warrant.................................................................................................. p.31
Approve – September Expense Warrant.......................................................................................... p.32
Administrator’s Report
July PRIM Summary Report............................................................................................................ p.34
July Bank Reconciliation................................................................................................................. p.40
July Operating Statement............................................................................................................... p.41
July TD Bank Account Statements................................................................................................... p.42
Jul YTD FY21 Budget....................................................................................................................... p.48
Old Business
Miscellaneous Continuation of Past Discussion Points Still Relevant................................................. p.50
New Business
Miscellaneous New Discussion Points............................................................................................. p.52
Monthly Backup
Cash Books, Treasurer’s Bank Reconciliations and Invoices............................................................... p.54
Next Retirement Board Meeting
October 14, 2020 | 9:30AM | Location: TBD
Honor | Truth | Integrity | Service
