Posted: August 9, 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 Tuesday, the 15th of August 2023 in Conference Room A at City Hall, 145 Taunton Avenue, East Providence, RI 02914 at 9:00 a.m.
Trustees:
Capt. James Nelson, Chairman, Police Representative
Lt. Adam Louis Christina, Vice Chairman, Fire 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, Administration
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_____
Nelson_____ Christina_____Neale ____Wallace ____Fogarty ____ DaSilva______Moore____
II Review of June 2023 Performance Report and any Recommendations by Wainwright Investment Counsel, LLC
Vote to accept handouts into record
Motion: By_____2nd_____
Nelson_____ Christina_____Neale ____Wallace ____Fogarty ____ DaSilva______Moore____
Vote for any investment or liquidity items
Motion: By_____2nd_____
Nelson_____ Christina_____Neale ____Wallace ____Fogarty ____ DaSilva______Moore____
III 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 May 24th 2023
2. COLA listing for June, July and August 2023
3. Principal Custody Solutions Fee Advise 2nd Qtr.
4. Wainwright Investment Counsel, LLC 2nd Qtr.
5. Principal U.S. Property Account 2nd Quarter Highlights
6. Capital Call – Dover Street X L.P.
7. APRA request from Prequin – Kim replied
8. APRA request from Prequin – Kim replied
9. APRA request from from FIN News – Kim replied
10. APRA request from ISS – Kim replied
11. Correspondence – Lt. Wyrostek retiring / Lt. Christina appointed
12. Correspondence – J. Neale retiring from Pension Board / J. Bellamy appointed
13. Correspondence – F. Connors regarding new law related to heart disease in FF
Vote to accept Consent Calendar items
Motion: By_____2nd_____
Nelson_____ Christina_____Neale ____Wallace ____Fogarty ____ DaSilva______Moore____
IV 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 K.Graves to buy back into the pension
Motion: By_____2nd_____
Nelson_____ Christina_____Neale ____Wallace ____Fogarty ____ DaSilva______Moore____
V Discussion / Recommendations / Action / Vote regarding assumptions from the actuarial consultant pertaining to payroll growth and mortality.
Vote to accept assumptions
Motion: By_____2nd_____
Nelson_____ Christina_____Neale ____Wallace ____Fogarty ____ DaSilva______Moore____
VI Discussion / Recommendations / Action / Vote regarding accepting one of the RFQ submissions for legal counsel to assist the Board with updating the ordinances and setting policies or to re-post
Vote to award RFQ or re-post RFQ for legal counsel
Motion: By_____2nd_____
Nelson_____ Christina_____Neale ____Wallace ____Fogarty ____ DaSilva______Moore____
VII 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.
Motion: By_____2nd______
Nelson_____ Christina_____Neale ____Wallace ____Fogarty ____ DaSilva______Moore____
A. Request for a Service-Connected Disability Pension
1. Det. Medeiros update
Motion: By_____2nd_____
Nelson_____ Christina_____Neale ____Wallace ____Fogarty ____ DaSilva______Moore____
VIII Seal Minutes and Adjourn Executive Session
Motion: By_____2nd_____
Nelson_____ Christina_____Neale ____Wallace ____Fogarty ____ DaSilva______Moore____
IX Reading of any votes from Executive Session
Motion: By_____2nd_____
Nelson_____ Christina_____Neale ____Wallace ____Fogarty ____ DaSilva______Moore____
X Adjournment
Motion: By_____2nd_____
Nelson_____ Christina_____Neale ____Wallace ____Fogarty ____ DaSilva______Moore____
