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The monthly meeting of the Municipal Pension Board was called to order at 5:04 p.m. by chair, John Beardsley.

Present: John Beardsley, William Kroll, Michael Lupkas, Marci Nogueira, John DiRoma, Michael Cardona, Justino Sampaio, George Delmastro, Joseph Carabetta, Maryann Santos and Patrick Ladd.

Also present: Patrick Sheehan and Mark Hammond from Stifel, Nicolaus & Co., Inc.

April 11, 2017 Minutes – A motion was made by John DiRoma and Patrick Ladd (second) to accept the minutes.  Passed unanimously

FINANCIAL REPORTS – Michael Lupkas presented the financial reports for April 2017.  There was a motion to accept the financial reports by John Beardsley and George Delmastro (second). Passed unanimously.  Patrick Ladd inquired about OPEB, City Manager Pension returns at or below  averages. Mike Lupkas responded new reaction Pensions cash accounts.

RFP Status – Mike Lupkas discussed the money with Hooker & Holcombe to in the request for the proposal investment advisors.  Review RFP process, draft offer RFP process, reports reflect the changes. City will continue to fund OPEB review as well. Will try to put out an RFP by 7/1/17 but date is still to be determined

MARCI NOGUEIRA – Presented the following applications for retirement:
      Janis Lischeid Normal Retirement, 100% Joint & Survivor. Effective date 5/2/2017. Monthly pension benefit, $1330.77. There was a motion to accept Janis Lischeid’s pension application by Michael Cardona and Patrick Ladd (second). Passed unanimously
   Officer Anthony Woznicki Normal Retirement, 50% Joint & Survivor. Effective date 5/5/2017.
Monthly pension benefit, $5473.10. There was a motion to accept Officer Woznicki’s pension application by George Delmastro and Joseph Carabetta (second). Passed unanimously
Meriden Retirement Fund
Board would like to know, prior to today’s plan what do they get (Police & Fire employee and spouses).
Stifel’s summary for the Quarterly Report will be scheduled for June Meeting.
Adjournment at 6:00 p.m. Motion by Michael Cardona and Justino Sampaio (second). Passed unanimously.

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