Posted: May 22, 2023
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 Wednesday, the 24th of May 2023 in Conference Room A at City Hall, 145
Taunton Avenue, East Providence, RI 02914 at 9:00 a.m.
Trustees:
Lt. Jeffrey Wyrostek, Chairman, Fire Representative
Capt. James Nelson, Vice Chairman, Police Representative John C. Neale, 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 Dwyer, Wainwright Investment Council LLC Jeff Frabrizio, Wainwright Investment Council LLC
Michael J. Marcello, City Solicitor
Kim Brown, Pension Clerk
AGENDA
I Call to Order
Motion: By 2nd
Wyrostek Nelson Neale Wallace Fogarty DaSilva
Moore
II Presentation by Entrust
III Review of March 2023 Performance Report and Recommendations by Wainwright Investment
Counsel, LLC
Vote to accept handouts into record Motion: By 2nd
Wyrostek Nelson Neale Wallace Fogarty DaSilva
Moore
Vote for any investment or liquidity items Motion: By 2nd
Wyrostek Nelson Neale Wallace Fogarty DaSilva
Moore
IV 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 Feb 13th, March 14th, March 28th and May 9th
2. COLA listing for March, April and May 2023
3. Barings Invoice 1st Qtr.
4. IME invoice disability pension request
5. IR+M Invoice 1st Qtr.
6. Invesco Invoice 1st Qtr..
7. Invesco Invoice April 2023
8. Nyhart Invoices (2) 2021 Valuation, FIP
9. Principal Custody Solutions Fee Advise 1st Qtr.
10. RhumbLine Invoice 1st Qrt.
11. Wainwright Investment Counsel, LLC 1st Qtr.
12. Invesco Monthly Account Statements for January, February, March and April 2023
13. Principal U.S. Property Account 1st Quarter Highlights
14. Disbursement – Dover Street
15. Disbursement – Dover Street
16. Disbursement – The Northern Trust Company / Westwood Global
17. Redemption – Principal Global Investors, LLC
18. Redemption – Lion Industrial Trust
19. Redemption – Renaissance
20. Trade Authorization – Vanguard
21. Trade Authorization – Invesco
22. APRA request from Seven Canyons Advisors – Kim replied
23. APRA request for Police Department – Kim replied
24. APRA request from Principal – Malcolm replied
25. APRA request from FIN News – Kim replied
26. APRA request from With Intelligence – Kim replied
27. APRA request from Prequin – Kim replied
28. APRA request from With Intelligence – Kim replied
29. APRA request from Police Beneficial – Kim replied
30. APRA request from Prequin – Kim replied
Vote to accept Consent Calendar items Motion: By 2nd
Wyrostek Nelson Neale Wallace Fogarty DaSilva
Moore
V Requests to return contributions from two former employees who left before they were vested.
Vote to return J. Mount and R. Fontaine’s contributions Motion: By 2nd
Wyrostek Nelson Neale Wallace Fogarty DaSilva
Moore
VI Request to buy back into the pension fund from a returning employee who left and has now
returned to employment with the City.
Vote to allow P. Holmes to buy back into the pension Motion: By 2nd
Wyrostek Nelson Neale Wallace Fogarty DaSilva
Moore
VII Correspondence from a retiree.
VIII Discussion / Recommendations / Action / Vote regarding putting out and RFQ or RFP for legal
counsel to assist the Board with updating the ordinances and setting policies
Vote to issue a RFQ or RFP for legal counsel Motion: By 2nd
Wyrostek Nelson Neale Wallace Fogarty DaSilva
Moore
IX 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 pension of a police
officer – notice given and a conversion of a regular pension to disability pension of a fire
fighter – notice given.
Motion: By 2nd
Wyrostek Nelson Neale Wallace Fogarty DaSilva
Moore
A. Request for a Service-Connected Disability Pension
1. Det. Medeiros Motion: By 2nd
Wyrostek Nelson Neale Wallace Fogarty DaSilva
Moore
B. Request to convert a Regular Pension to a Disability Pension
2. Ret. FF Brassill Motion: By 2nd
Wyrostek Nelson Neale Wallace Fogarty DaSilva
Moore
X Seal Minutes and Adjourn Executive Session
Motion: By 2nd
Wyrostek Nelson Neale Wallace Fogarty DaSilva
Moore
XI Reading of the votes from Executive Session
Motion: By 2nd
Wyrostek Nelson Neale Wallace Fogarty DaSilva
Moore
XII Adjournment
Motion: By 2nd
Wyrostek Nelson Neale Wallace Fogarty DaSilva
Moore
