Holyoke Retirement Board Wednesday June 26, 2024 9am
9:00 am Holyoke City Hall Annex
20 Korean Veterans Plaza, Holyoke 01040
Pursuant to G.L. c. 30A, § 20(b) notice is hereby given that a meeting of a Holyoke Retirement Board Meeting to be held at 20 Korean Veterans Plaza, Room 207, Holyoke, MA.
Special Board Meeting: Wednesday June 26, 2024 @ 9:00 A.M.
Agenda Topics:
Minutes of Meeting held on May 29, 2024
Expense Warrant Approval
Bank Reconciliations
Trial Balance and Statement of Financial Activities
Retirement Applications
Disabilities
PERAC Memos
Consultant- &CO
RFP’S
COLA
Appropriations
Refunds and Transfers
Segal Actuarial Assumptions
Anthony Dulude is inviting you to a scheduled Zoom meeting.
Topic: Holyoke Retirement Board
Time: Jun 26, 2024 09:00 AM Eastern Time (US and Canada)
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HOLYOKE RETIREMENT BOARD
June 26, 2024
MINUTES
Pursuant to Chapter 20, Section 20 of the Acts of 2021, the regular Meeting of the Holyoke Retirement Board was called to order by Chairperson Jack McCarthy at 9:02 A.M. Present were Tanya Wdowiak, and Michele Aubrey (Zoom). Also present were Executive Director Anthony Dulude, Cyril Espanol-Journalist(zoom), James Baretta-journalist (zoom), and Brian Green (zoom)- Consultant, absent Cheryl Dugre.
Todd McGee absent then zoom at 9:50 am and live at 10:13am.
- Minutes of Board minutes held on May 29, 2024.
On separate motions made by Ms. Wdowiak, seconded by Ms. Aubrey, it was voted unanimously, via roll call (4-0) to accept Item I “Minutes,” Item II “Bank Reconciliation,” Item III “Statement of Financial Activities,” Item IV “Retirement Applications,” and Item V “Expenses.”, voting in favor all members.
- Bank Reconciliation:
Bank statements through May 31, 2024. No reconciliations since July, 2022.
III. Statement of Financial Activities:
- Retirement Applications:
Donna Sokol- School Department 6/22/24
John Hart- HPD 7/6/24
David Pratt- HPD 8/1/24
Denise Duguay- HPD 7/6/2024
- Expenses:
- Bills……………………………………………. $ 7,665.72
Consultant Fees……………………. 27,500.00
Refunds & Transfers………………. 89,692.84
3 8 c ………………………………. 186,748.68
Management Fees…………………… 0.00
$311,607.24
- Retiree Payroll: Annuity Pension Total
May 31, 2024 $ 470,070.88 $ 2,171,791.40 $2,641,862.28
Vote (4-0) to accept items I-V.
- VI. Issues-Request-Policy:
- PERAC Memos and Correspondence:
Perac Memo 15/2024 91A Prosper Tasks
The Voice- July 2024
Veterans Buyback follow up letter-Perac
- Pension Appropriations FY2024: Report 6/23/2024
Total Due Total Paid Balance Due
City $12,648,883.00 $ 9,486,662.24 $ 3,162,220.76
Gas & Electric 4,353,483.00 4,353,483.00 0.00
Water 601,654.00 457,654.00 144,000.00
Housing 1,149,999.00 1,054,165.75 95,833.25
Waste Water 30,903.00 30,903.00 0.00
Total $18,784,922.00 $15,382,867.99 $ 3,402,054.01
- New Members:
| Benjamin Richter | GAS – Gas and Electric | 1 | 06/17/2024 | 9.0 |
| Joenielle Rosado | ADM – Administration (small dept.) | 1 | 06/10/2024 | 9.0 |
| Aaron Torres | PDP – Police Department | 1 | 05/27/2024 | 9.0 |
| Maria Velazquez | GAS – Gas and Electric | 1 | 06/03/2024 | 9.0 |
Vote taken (4-0) unanimous to accept the new members.
- Disabilities-
No action taken.
- Investments:
Terracap Extension of Term Letter
- Annual Statement presented to Board – copies to all Board members present.
PTG- contract/ under advice from Atty Tom Gibson -stay with current contract
Status quo.
The next meeting of the Holyoke Retirement Board will be held on Wednesday July 31, 2024 @ 9am.
There being no further business, a motion to adjourn was made by Ms. Wdowiak, seconded by Mr. McGee, passing unanimously, (4-0).
MEETING ………………………. adjourned 9:14A.M.
List of Documents Reviewed at the 6/26/2024 Meeting:
Draft minutes of May 29/2024 meeting.
Peoples Bank Statements- May 2024
Manager Review Presentations
Respectfully submitted,
______________________________
Anthony Dulude
Executive Director
ATTESTED TO: _____________________________ John T. McCarthy (Chairman)
Elected Member
_____________________________ Michele Aubrey
Appointed Fifth Member
_____________________________ Cheryl Dugre
Elected Member
_____________________________ Todd McGee
Appointed Member
_____________________________ Tanya Wdowiak
Ex-Officio Member