Posted: 5/12/2026
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 19th of May 2026 in Council Room 306 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
Robert Perry, HR Director
Bernadette Frias, HR Benefits & Payroll Administrator
Mike Dwyer, Wainwright Investment Council LLC
Jeff Fabrizio, Wainwright Investment Council LLC
Kim Brown, Pension Clerk
Michael Oliveira, Pension Clerk backup
Lion Industrial
AGENDA
I Call to Order
Christina ____ Kelley____ Bellamy ____Wallace ____Fogarty ____ DaSilva______Delgado____
II Lion Industrial will be here to talk to the Board regarding their funds.
Vote to accept handouts into record
Christina_____ Kelley____ Bellamy ____Wallace ____Fogarty ____ DaSilva_____Delgado____
III Review of Q1 2026 Performance Report and any Funding Recommendations by Wainwright Investment Counsel, LLC.
Vote to accept handouts into record
Christina_____ Kelley____ Bellamy ____Wallace ____Fogarty ____ DaSilva_____Delgado____
Vote for any investment or liquidity items if necessary
Christina_____ Kelley ____ Bellamy ____Wallace ____Fogarty ____ DaSilva_____Delgado____
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 February 17, 2026
2. COLA listing for March, April and May 2026
3. IR+M Invoices – Q1 2026
4. Nyhart Invoice – Actuarial 2025 Valuation GASB
5. RhumbLine Domestic Invoices – Q1 2026
6. RhumbLine International Invoices – Q1 2026
7. Wainwright Investment Counsel, LLC Invoice – Q1 2026
8. Principal U.S. Property Account Summary Performance Report March 2026
9. PCS – Allspring Annual Shareholder Report
10. PCS – Vanguard Small-Cap index Fund Admiral Annual Share Holder Report
11. PCS – Vanguard Total Stock Market Fund Admiral Annual Share Holder Report
12. PCS – Vanguard Inflation-Protected Securities Fund Admiral Annual Share Holder Report
13. APRA request from PEI Group for quarterly report – Kim replied
14. APRA request from Blackrock for listing of investments– Kim replied
15. Correspondence, with PitchBook regarding investment profile for pension.
16. Correspondence, with Ms. Rangel at Rhumbline regarding 2026 Q1/Q2 rebalancing notice.
17. Correspondence, with Nyhart regarding 2025 Funding Impact Exhibit.
18. Correspondence, with Mr. Marcello regarding pension tax issue.
19. Correspondence, Memorandum from M Marcello/ J Shea regarding CBA prevailing on percentage of outside earnings over the limit contained in the local ordinance.
20. Correspondence, with Mr. Marcello regarding QDRO question by retiree.
Vote to accept Consent Calendar items
Christina____ Kelley _____ Bellamy ____Wallace ____Fogarty ____ DaSilva_____Delgado____
V Discussion / Action / Vote – to return contributions to J. Gelsomino
Christina_____ Kelley_____ Bellamy ____Wallace ____Fogarty ____ DaSilva____Delgado____
VI 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. Inviting Pension Clerk Backup, HR Director and HR Benefit Administrator to join executive session.
Christina ____Kelley ____ Bellamy ____Wallace ____Fogarty ____ DaSilva_____Delgado____
A. Discussion / Action / Vote Update on all disability pension requests in closed session
1. Active Fire C. Weeden
Christina ____Kelley ____ Bellamy ____Wallace ____Fogarty ____ DaSilva______Delgado____
2. Police Officer P. Taaffe
Christina ____Kelley ____ Bellamy ____Wallace ____Fogarty ____ DaSilva______Delgado____
VII Motion to Seal Executive Session Minutes, Adjourn Executive Session and Read Out any Votes in Open Session.
Christina ____Kelley ____ Bellamy ____Wallace ____Fogarty ____ DaSilva______Delgado____
VIII Reconvene in Open Session - Reading of any votes from Executive Session
IX Adjournment
Christina ____Kelley ____ Bellamy ____Wallace ____Fogarty ____ DaSilva______Delgado_
