MINUTES OF MEETING
STATE EMPLOYEES RETIREMENT COMMISSION
55 ELM STREET
HARTFORD, CT 06106

February 20, 2014

TRUSTEES PRESENT
Peter Blum
Robert Baus
Sandra Fae Brown-Brewton
Michael Carey
Charles Casella
Robert Coffey
Paul Fortier
Steve Greatorex
Sal Luciano
Laila Mandour
Ronald McLellan
Claude Poulin
Linda Yelmini

TRUSTEES ABSENT
Richard Cosgrove

EX OFFICIO MEMBERS
Martha Carlson, Deputy Comptroller
Lee Ann Palladino, CIO, State Treasurer

MUNICIPAL LIAISON
Thomas Landry

OTHERS PRESENT
Brenda Halpin, Director Retirement Services Division
Natalie Braswell, Assistant Comptroller
Colin Newman, Assistant Division Director, Retirement Services Division
Nicole Dorman, Counsel to the Commission
Nancy Perrato, Court Reporter

GUESTS
Joseph Maturo, Jr.
Attorney Lawrence Sgrignari, Esq.
Paul Rizza
Senator Len Fasano
Attorney Daniel Mara

CALL TO ORDER
The Chairman called the meeting to order at 9:05 a.m.

CHAIRMAN'S REPORT
Nothing to report at this time.

DIVISION DIRECTOR'S ADMINISTRATIVE AND SUBCOMMITTEE REPORTS
Legislation Update - Copies have been distributed of the current legislation impacting the Retirement Services Division as of yesterday.
Employee Benefit Statements - copies have been distributed of sample statements. The vendor will be mailing the originals on Friday, February 21st. We are currently working on a draft RFP, the current contract expires April 30, 2014.
Following the close of the February retirement payroll, the Division processed 187 new retirees (148 normal, 27 disabilities, 7 Voluntary Pending and 5 Hybrid). Finalizations for the month of February were 70 normal and 5 disabilities. The total number of the backlog on unfinalized retirement records is approximately 11,905.
We have received a total of 1,017 requests to transfer from the ARP to Hybrid. Of that number 849 were transfers, 155 retirees, 9 waivers, 4 prospective. We received in 31 applications during the month.
We have a new doctor for the MEB that has been appointed by the Governor Dr. Drazinic who has experience in psychiatry.


Pending Disability Applications as of January 31, 2014


Pending Applications: 213
Applications preliminarily reviewed - 42
Applications waiting for documentation -171
Applications scheduled: 208
Total Pending: 421


FOR THE MONTH OF JANUARY
Number of Applications Received 19
Number of Applications on Agenda 47 (2 meetings)
Number of Applications Approved 31
At the present time, we are reviewing cases from the February 2014. The next available meeting for scheduling is September 2014.
We have completed our work with Accenture on Phase I of the Pension Module Project.

NEW MATTERS

1. REQUEST COMMISSION APPROVAL OF THE JANUARY 16, 2014 MINUTES - AS AMENDED Mr. Casella moved, seconded by Ms. Brown-Brewton to approve the minutes of the January 16, 2014 Commission meeting as amended. All voted in favor

Unanimous Decision

2. REQUEST COMMISSION APPROVAL OF THE STATE EMPLOYEES RETIREMENT COMMISSION CHAIRMAN'S PER DIEM EXPENSE REIMBURSEMENTS Mr. Luciano moved, seconded by Mr. Casella to approve the State Employees Retirement Commission Chairman's Per Diem Expense reimbursements. All voted in favor

Unanimous Decision

3. REQUEST COMMISSION APPROVAL OF THE CONNECTICUT STATE EMPLOYEES RETIREMENT SYSTEM SERVICE RETIREMENTS FOR THE MONTH OF JANUARY 2014 Mr. Luciano moved, seconded by Mr. Greatorex to approve the Connecticut State Employee Retirement System Service Retirements for the month of January 2014. All voted in favor

Unanimous Decision

4. REQUEST COMMISSION APPROVAL OF THE CONNECTICUT STATE EMPLOYEES SYSTEM PRE-RETIREMENT DEATH RETIREMENTS FOR THE MONTH OF JANUARY 2014 AS AMENDED Mr. Luciano moved, seconded by Mr. Greatorex to approve the Connecticut State Employees System Pre-Retirement Death Retirements for the month of January 2014 as amended. All voted in favor

Unanimous Decision

5. REQUEST COMMISSION APPROVAL OF THE CONNECTICUT STATE EMPLOYEES SYSTEM VOLUNTARY PENDING RETIREMENTS FOR THE MONTH OF JANUARY 2014 Mr. Luciano moved, seconded by Mr. Greatorex to approve the Connecticut State Employees System Voluntary Pending Retirements for the month of January 2014. All voted in favor

Unanimous Decision

6. REQUEST COMMISSION APPROVAL OF THE CONNECTICUT EMPLOYEES RETIREMENT SYSTEM RETROACTIVE RETIREMENTS FOR THE MONTH OF JANUARY 2014 Mr. Luciano moved, seconded by Mr. Greatorex to approve the Connecticut Employees Retirement System Retroactive Retirements for the month of January 2014 All voted in favor

Unanimous Decision

7. REQUEST COMMISSION APPROVAL OF THE CONNECTICUT EMPLOYEES RETIREMENT SYSTEM DISABILITY RETIREMENTS FOR THE MONTH OF JANUARY 2014 Mr. Luciano moved, seconded by Mr. Greatorex to approve the Connecticut Employees Retirement System Disability Retirements for the month of January 2014. All voted in favor

Unanimous Decision


8. REQUEST COMMISSION APPROVAL OF THE MUNICIPAL RETIREMENT SYSTEM RETIREMENTS Mr. Luciano moved, seconded by Mr. Greatorex to approve the Municipal Retirement System Retirements. All voted in favor

Unanimous Decision

9. REQUEST COMMISSION APPROVAL OF THE CONNECTICUT PROBATE JUDGES AND EMPLOYEES RETIREMENT SYSTEM RETIREMENTS Mr. Luciano moved, seconded by Mr. Greatorex to approve the Connecticut Probate Judges and Employees Retirement System Retirements. All voted in favor

Unanimous Decision

10. REQUEST COMMISSION APPROVAL OF THE STATE EMPLOYEES RETIREMENT COMMISSION MANAGEMENT TRUSTEES PER DIEM AND TRAVEL EXPENSES REIMBURSEMENTS Mr. Luciano moved, seconded by Mr. Greatorex to approve the State Employees Retirement Commission Management Trustees Per Diem and Travel Expense Reimbursements. All voted in favor Mr. Baus abstained

Unanimous Decision

11. REQUEST COMMISSION APPROVAL OF THE STATE EMPLOYEES RETIREMENT COMMISSION UNION TRUSTEES PER DIEM AND TRAVEL EXPENSES REIMBURSEMENTS Mr. Luciano moved, seconded by Mr. Greatorex to approve the State Employees Retirement Commission Union Trustees Per Diem and Travel Expense Reimbursements. All voted in favor Mr. Poulin abstained

Unanimous Decision

12. REQUEST COMMISSION ACCEPTANCE OF RECOMMENDATIONS OF THE MEDICAL EXAMINING BOARD RELATIVE TO APPLICATIONS FOR DISABILITY RETIREMENT RECEIVED FROM THE MUNICIPAL EMPLOYEES RETIREMENT SYSTEM Mr. Luciano moved, seconded by Mr. Greatorex to accept the recommendations of the Medical Examining Board relative to applications for disability retirement received from the Municipal Employees Retirement System. All voted in favor

Unanimous Decision

13. REQUEST COMMISSION ACCEPTANCE OF THE CONNECTICUT JUDGES AND EMPLOYEES PERSONNEL EXPENSES PAY PERIOD DECEMBER 13, 2013 THROUGH JANUARY 9, 2014 Mr. Fortier moved, seconded by Mr. Luciano to accept the Connecticut Judges and Employees Personnel Expenses Pay Period December 12, 2013 through January 9, 2014. All voted in favor

Unanimous Decision

14. REQUEST COMMISSION ACCEPTANCE OF THE CONNECTICUT POLICEMEN AND FIREMEN SURVIVORS BENEFIT FUND ROLL FORWARD ACTUARIAL VALUATION REPORT PREPARED AS OF JUNE 30, 2013 Mr. Luciano moved, seconded by Mr. Greatorex to accept the Connecticut Policemen and Firemen Survivors Benefit Fund Roll Forward Actuarial Valuation Report Prepared as of June 30, 2013. All voted in favor

Unanimous Decision

15. REQUEST COMMISSION ACCEPTANCE OF THE CONNECTICUT MUNICIPAL EMPLOYEES RETIREMENT SYSTEM ROLL FORWARD ACTUARIAL VALUATION REPORT PREPARED AS OF JUNE 30, 2013 Mr. Luciano moved, seconded by Mr. Greatorex to accept the Connecticut Municipal Employees Retirement System Roll Forward Actuarial Valuation Report Prepared as of June 30, 2013. All voted in favor

Unanimous Decision

16. REQUEST COMMISSION APPROVAL OF THE AMENDMENT TO THE AGREEMENT BETWEEN THE STATE OF CONNECTICUT EMPLOYEES RETIREMENT COMMISSION AND ROBINSON & COLE, LLP Mr. Luciano moved, seconded by Ms. Brown-Brewton to approve of the amendment to the agreement between the State of Connecticut Employees Retirement Commission and Robinson & Cole, LLP All voted in favor

Unanimous Decision

17. REQUEST COMMISSION APPROVAL OF THE AMENDMENT TO THE AGREEMENT BETWEEN THE STATE OF CONNECTICUT EMPLOYEES RETIREMENT COMMISSION AND ROSE KALLOR, LLP Mr. Luciano moved, seconded by Mr. Greatorex to approve of the amendment to the agreement between the State of Connecticut Employees Retirement Commission and Rose Kallor, LLP All voted in favor

Unanimous Decision


18. REQUEST COMMISSION APPROVAL OF THE JANUARY 22, 2014 RECOMMENDATIONS RECEIVED FROM ITS SUBCOMMITTEE ON PURCHASE OF SERVICE AND RELATED MATTERS - AS AMENDED Mr. Luciano moved, seconded by Ms. Yelmini to approve the January 22, 2014 recommendations received from its Subcommittee on Purchase of Service and Related Matters as amended. All voted in favor

Unanimous Decision

19. REQUEST FROM JOSEPH MATURO THAT THE COMMISSION REVIEW AND REINSTATEMENT HIS DISABILITY RETIREMENT BENEFIT Ms. Yelmini moved, seconded by Ms. Brown-Brewton to table this matter until the March 2014 meeting. All voted in favor

Unanimous Decision

TABLED ITEMS

20. REQUEST FROM LILLY PHILLIPS THAT THE COMMISSION REVIEW AND RECONSIDER HER MONTHLY PENSION BENEFIT AND THE APPLICABLE INTERNAL REVENUE CODE (IRC) SECTION 415 LIMIT - Ms. Yelmini moved, seconded by Mr. Greatorex to continue the current practice for implementing IRC 415 until such time as the applicability of TAMRA to members affected by IRC 415 is resolved. All voted in favor

Unanimous Decision

21. REQUEST FROM DR. DAVID CARTER AND ATTORNEY MARA TO PETITION THE COMMISSION TO RECONSIDER HIS MONTHLY PENSION BENEFIT RELATED TO INTERNAL REVENUE CODE (IRC) SECTION 415 (b) and 401(a) (17) Ms. Yelmini moved, seconded by Ms. Brown-Brewton to continue the current practice for implementing IRC 415 until such time as the applicability of TAMRA to members affected by IRC 415 is resolved. All voted in favor

Unanimous Decision

EXECUTIVE SESSION - WAS NOT HELD DUE TO THE LATE HOUR

ADJOURNMENT
At 12:10 p.m. Ms. Brown-Brewton moved to adjourn.

_________________________ _______________________
Brenda K. Halpin, Director Peter R. Blum, Chair
Retirement Services Division


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