Posted: November 7, 2024
CITY OF EAST PROVIDENCE FIREMEN’S & POLICEMEN’S RETIREMENT PENSION FUND DOCKET
A regular quarterly meeting of the Firemen’s and Policemen’s Retirement Pension Fund
Board of Trustees will be held on Tuesday, the 12th of November 2024 in Conference Room A at City Hall, 145 Taunton Avenue, East Providence, RI 02914 at 9:00 a.m.
Trustees:
Lt. Adam Christina, Chairman, Fire Representative
Det.Cpl. Patrick Kelley, Vice Chairman, Police Representative
James Bellamy, Retiree Representative
John F. Wallace, Civilian Representative
Frank Fogarty, Councilman, City Council Representative
Roberto L. DaSilva, Mayor
Malcolm Moore, Director of Finance, Administrator
Other Attendees:
Michael J. Marcello, City Solicitor
Bernadette Frias, HR Benefits & Payroll Administrator
Mike Dwyer, Wainwright Investment Council LLC
Jeff Frabrizio, Wainwright Investment Council LLC
Kim Brown, Pension Clerk
AGENDA
I Call to Order
Christina ____ Kelley_____ Bellamy ____Wallace ____Fogarty ____ DaSilva______Moore____
II Executive Session
The Police and Fire Retirement System of the City of East Providence may meet in closed Executive Session pursuant to RI General Laws § 42-46-5 (a)(1) for a discussion related to the physical or mental health of a person or persons related to a request for a disability pensions – notice given.
Christina ____Kelley ____ Bellamy ____Wallace ____Fogarty ____ DaSilva______Moore____
A. Discussion / Action / Vote regarding disability pension requests
1. Retired Firefighter Private over 20 yrs N. Garcia
Christina ____Kelley ____ Bellamy ____Wallace ____Fogarty ____ DaSilva______Moore____
2. Firefighter A. Handfield
Christina ____Kelley ____ Bellamy ____Wallace ____Fogarty ____ DaSilva______Moore____
3. Police Officer P. Taaffe
Christina ____Kelley ____ Bellamy ____Wallace ____Fogarty ____ DaSilva______Moore____
III Motion to Seal Executive Session Minutes, Adjourn Executive Session and Read Out any Votes in Open Session.
Christina ____Kelley ____ Bellamy ____Wallace ____Fogarty ____ DaSilva______Moore____
IV Reconvene in Open Session - Reading of any votes from Executive Session
V Review of 3rd Quarter 2024 Performance Report & Funding Recommendations and introduction of a draft of the Investment Policy Statement update for the Board to review by Wainwright Investment Counsel, LLC
Vote to accept handouts into record
Christina_____ Kelley_____ Bellamy ____Wallace ____Fogarty ____ DaSilva______Moore____
Vote for any investment or liquidity items
Christina_____ Kelley ____ Bellamy ____Wallace ____Fogarty ____ DaSilva______Moore____
VI To Approve the Consent Calendar
All items under “Consent Calendar” are considered to be of routine and noncontroversial nature by the Board and will be enacted by one motion. There will be no separate discussion on these items unless a Board member so requests, in which event, the item will be removed from the “Consent Calendar” and will be considered in it’s normal sequence on the docket.
1. Pension meeting journal for August 20th 2024
2. COLA listing for September, October and November 2024
3. Barings Invoice 3rd Qtr.
4. Ice Miller Invoices (2) split 50% with the City
5. Nyhart Invoices (2)
6. Principal Custody Solutions Fee Advise 3rd Qtr.
7. RhumbLine Invoice 3rd Qtr.
8. Principal U.S. Property Account 3rd Quarter Highlights
9. Principal U.S. Property Account 2nd Quarter 2024 performance report
10. Principal U.S. Property Account Fund update 10/14/2024
11. Entrust Global Recovery Fund LP Schedule K-1
12. Disbursement – Capital Call, Lexington Capital Partners IX LP
13. Disbursement – Capital Call, RhumbLine EAFE Pooled Index Fund
14. Distribution Notice – Dover X Fund
15. Trade Authorization – Barings International Opportunities Equity Fund
16. APRA request from PEI – Kim replied
17. APRA request from with.Intelligence – Kim replied
18. APRA request from Pregin Ltd. – Kim replied
19. APRA request from PEI – Kim replied
20. APRA request from PEI – Kim replied
21. Correspondence, two letters requested at the last meeting sent
22. Correspondence, pension forms currently being used sent
23. Correspondence, regarding POA and banking changes
24. Correspondence, questions regarding return of contributions
25. Nyhart 10/31/2023 funding improvement plan (FIP) and e-mail
Vote to accept Consent Calendar items
Christina____ Kelley _____ Bellamy ____Wallace ____Fogarty ____ DaSilva______Moore____
VII Discussion / Action / Vote regarding setting the regular quarterly meetings for 2025
Vote to set meeting dates
Christina_____ Kelley_____ Bellamy ____Wallace ____Fogarty ____ DaSilva______Moore____
VIII Discussion / Action / Vote / Update Progress of Ice Miller LLP project, were forms reviewed, forms filed etc, what are the next steps.
Christina_____ Kelley_____ Bellamy ____Wallace ____Fogarty ____ DaSilva______Moore____
IX Adjournment
Christina ____Kelley ____ Bellamy ____Wallace ____Fogarty ____ DaSilva______Moore____
