Posted: December 13, 2024
CITY OF EAST PROVIDENCE FIREMEN’S & POLICEMEN’S RETIREMENT PENSION FUND REVISED DOCKET
A special meeting of the Firemen’s and Policemen’s Retirement Pension Fund Board of Trustees will be held on Wednesday, the 18th of December 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
Glenda Delgado, Director of Finance, Administrator
Other Attendees:
Michael J. Marcello, City Solicitor
Bernadette Frias, HR Benefits & Payroll Administrator
Kim Brown, Pension Clerk
Swear in Glenda Delgado, new Director of Finance for the City, as the Pension Board Administrator
AGENDA
I Call to Order
Christina ____ Kelley____ Bellamy ____Wallace ____Fogarty ____ DaSilva______Delgado____
II Discussion/Vote to Reappoint Civilian Representative
The civilian representative position expired 10/31/2024. The Board would like to reappoint Mr. John Wallace.
Christina ____Kelley ____ Bellamy ____Wallace ____Fogarty ____ DaSilva______Delgado____
III 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______Delgado____
A. Discussion / Action / Vote regarding disability pension requests
1. Retired Firefighter Private over 20 yrs N. Garcia
Christina ____Kelley ____ Bellamy ____Wallace ____Fogarty ____ DaSilva______Delgado____
2. Firefighter A. Handfield
Christina ____Kelley ____ Bellamy ____Wallace ____Fogarty ____ DaSilva______Delgado____
3. Police Officer P. Taaffe
Christina ____Kelley ____ Bellamy ____Wallace ____Fogarty ____ DaSilva______Delgado____
IV Motion to Seal Executive Session Minutes, Adjourn Executive Session and Read Out any Votes in Open Session
Christina ____Kelley ____ Bellamy ____Wallace ____Fogarty ____ DaSilva______Delgado____
V Reconvene in Open Session - Reading of any votes from Executive Session
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 and November 12th 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. IR+M Invoice 3rd Qtr.
6. Nyhart Invoices (2)
7. Principal Custody Solutions Fee Advise 3rd Qtr.
8. RhumbLine Invoice 3rd Qtr.
9. Wainwright Investment Counsel, LLC Invoice 3rd Qtr.
10. Wainwright Investment Counsel, LLC 3rd Qtr. Performance Report
11. Principal U.S. Property Account 3rd Quarter Highlights
12. Principal U.S. Property Account 2nd and 3rd Quarter 2024 performance reports
13. Principal U.S. Property Account Fund update 10/14/2024
14. RhumbLine Advisers ERISA 408(b)(2) Fee Disclosure
15. Entrust Global Recovery Fund LP Schedule K-1
16. Disbursement – Capital Call, Lexington Capital Partners IX LP
17. Disbursement – Capital Call, RhumbLine EAFE Pooled Index Fund
18. Distribution Notice – Dover X Fund
19. Trade Authorization – Barings International Opportunities Equity Fund
20. APRA request from PEI – Kim replied
21. APRA request from with.Intelligence – Kim replied
22. APRA request from Pregin Ltd. – Kim replied
23. APRA request from PEI – Kim replied
24. APRA request from PEI – Kim replied
25. Correspondence, two letters requested at the last meeting sent
26. Correspondence, pension forms currently being used sent
27. Correspondence regarding POA and banking changes
28. Correspondence, questions regarding return of contributions
29. Nyhart 10/31/2023 funding improvement plan (FIP) and e-mail
Vote to accept Consent Calendar items
Christina____ Kelley ____ Bellamy ____Wallace ____Fogarty ____ DaSilva______Delgado____
VII Discussion / Action / Vote regarding setting the regular quarterly meetings for 2025
Vote to set meeting dates for calendar year 2025
Christina____ Kelley____ Bellamy ____Wallace ____Fogarty ____ DaSilva______Delgado____
VIII Discussion / Action / Vote / Update regarding Ice Miller LLP Documents
Review and possible adoption of the Plan Administrative Documents prepared by Ice Miller LLP for the Pension Board
Christina____ Kelley____ Bellamy ____Wallace ____Fogarty ____ DaSilva______Delgado____
IX Adjournment
Christina ____Kelley ____ Bellamy ____Wallace ____Fogarty ____ DaSilva______Delgado____
