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

July 18, 2013

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

TRUSTEES ABSENT
Richard Cosgrove
Paul Fortier
James Dzurenda

EX OFFICIO MEMBERS
Martha Carlson, Deputy Comptroller
Lee Ann Palladino, CIO, Treasurer'S Office - Absent

MUNICIPAL LIAISON
Thomas Landry

OTHERS PRESENT
Brenda Halpin, Director, Retirement Services Division
Natalie Braswell, Assistant State Comptroller
Peggy Gray, Executive Secretary, Retirement Services
Tara Downes, Communications Officer, State Comptroller'S Office

GUESTS
Attorney Michael Rose
Attorney Nicole Dorman
Attorney Andrew Houlding
David Leff
Attorney Bruce Barth
Attorney Christie Cynthia
George Spurlock, CEUI
Jon Lender, Hartford Courant

CALL TO ORDER
The Chairman called the meeting to order at 9:10 a.m.

CHAIRMAN'S REPORT
The Chairman reported that PSAs were signed with Robinson and Cole for the SAG award, Rose Kallor, as Counsel for the Commission, and Class Action Administration, Inc. for the Bouchard matter.

DIRECTOR'S DIVISION AND SUBCOMMITTEE REPORTS
An update to the Subcommittee Report - the Investment Subcommittee met yesterday afternoon and has tentatively scheduled another meeting for August 14th in the afternoon.
Today at noon is the close of the July 2013 retirement payroll, the Division processed 364 new retirees (349 normal, 15 disabilities) to payroll. I will report the finalizations next month because we expect to begin processing the finalized applications during the month of August.
We have received a total of 669 requests to transfer from the ARP to Hybrid. There are 120 retirees, 9 waivers and 3 prospective members.
Pending Disability Applications as of June 30, 2013
Pending Applications: 274
Preliminarily reviewed (59); waiting for documentation (215)
Applications scheduled for upcoming meetings: 142
Total Pending: 416
FOR THE MONTH OF JUNE
Number of Applications Received 31
Number of Applications on Agenda 47
Number of Applications Approved 24
At the present time, we are reviewing cases from the June 2013. The next available meeting for scheduling is January 2014. We met with the MEB on June 24th to discuss the changes in legislation to the MERS Disability Standards.
On July 1st, the State Treasurer's office received a check in the amount of $17,613,069.83 from the City of Bridgeport - Fire we were to receive $22,490,181. The total funds received for Bridgeport Fire to date is $40,122,888.83 against the $45 million originally agreed. If we do not receive any additional funds, there will be new calculation to determine new annual payment due.
For the Bridgeport Police the State Treasurer's office received a total amount transferred to $80,199,980.00 required for their entry in CMERS in advance.
Following the Director'S report discussion continued on how to fix the backlog for Medical Examining Board. Different ideas were presented then Ms. Yelmini moved, seconded by Mr. Baus to have the Legal and Personnel Subcommittee take a look at this ongoing issue. All voted in favor
Unanimous Decision


NEW MATTERS

1. REQUEST COMMISSION APPROVAL OF THE JUNE 20, 2013 MINUTES Mr. Coffey stated that the draft minutes needed to be corrected to include two items that are missing from the draft but that had been included in his motion concerning the matters discussed during Executive Session.
He explained that the first item pertained to the part of the motion to give Chairman Peter Blum authority on behalf of the Commission to execute a PSA with Robinson and Cole on the SAG Award. The words "and other legal advice and services as requested by the Connecticut State Employees Retirement Commission" were part of the motion and should have been included after the words "SAG Award".

He noted that the second item that is missing from the draft Commission meeting minutes but was included in his motion was the third recommendation in the June 7, 2013 subcommittee meeting. That is the recommendation that the Commission grant the subcommittee the authority to assign specific work to Commission legal counsel.

Following discussion Mr. Coffey moved, seconded by Mr. Poulin to correct the minutes of the June 20, 2013 meeting concerning the matters discussed in Executive Session to include the words, "and other legal advice and services as requested by the Connecticut State Employees Retirement Commission" after the words "SAG Award". And in addition to include the words, "and to give the subcommittee the authority to assign specific work to Commission legal counsel" after the words "Bouchard matter".
Mr. Baus, Mr. Carey, Mr. Casella, Mr. Coffey, Ms. Mandour, Mr. Greatorex, Mr. Luciano, Mr. McLellan, Mr. Poulin and Ms. Yelmini voted yes. Ms. Brewton-Brown abstained

Majority Decision

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

Unanimous Decision

3. REQUEST COMMISSION APPROVAL OF THE CONNECTICUT STATE EMPLOYEES RETIREMENT SYSTEM SERVICE RETIREMENTS FOR THE MONTH OF JUNE 2013 Mr. Luciano moved, seconded by Mr. Poulin to approve the Connecticut State Employees Retirement System Service retirements for the month of June, 2013. All voted in favor

Unanimous Decision

4. REQUEST COMMISSION APPROVAL OF THE CONNECTICUT STATE EMPLOYEES RETIREMENT SYSTEM DISABILITY RETIREMENTS FOR THE MONTH OF JUNE 2013 Mr. Luciano moved, seconded by Mr. Poulin to approve the Connecticut State Employees Retirement System Disability retirements for the month of June, 2013. All voted in favor

Unanimous Decision

5. REQUEST COMMISSION APPROVAL OF THE CONNECTICUT STATE EMPLOYEES SYSTEM VOLUNTARY PENDING RETIREMENTS FOR THE MONTH OF JUNE 2013 Mr. Luciano moved, seconded by Mr. Poulin to approve the Connecticut State Employees System Voluntary Pending retirements for the month of June, 2013. All voted in favor

Unanimous Decision

6. REQUEST COMMISSION APPROVAL OF THE CONNECTICUT STATE EMPLOYEES RETIREMENT SYSTEM RETROACTIVE RETIREMENTS FOR THE MONTH OF JUNE 2013 Mr. Luciano moved, seconded by Mr. Poulin to approve the Connecticut State Employees Retirement System Retroactive retirements for the month of June, 2013. All voted in favor

Unanimous Decision

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

Unanimous Decision

8. REQUEST COMMISSION APPROVAL OF THE CONNECTICUT PROBATE JUDGES AND EMPLOYEES RETIREMENT SYSTEM RETIREMENTS FOR THE MONTH OF JULY 2013 Mr. Luciano moved, seconded by Mr. Greatorex to approve the Connecticut Probate Judges and Employees Retirement System retirements for the month of July, 2013. All voted in favor

Unanimous Decision

9. REQUEST COMMISSION APPROVAL OF THE JUDGES, FAMILY SUPPORT MAGISTRATES AND COMPENSATION COMMISSIONERS RETIREMENT SYSTEM RETIREMENTS Mr. Luciano moved, seconded by Mr. Greatorex to approve the Judges, Family Support Magistrates and Compensation Commissioners Retirement System retirements once it was correctly recorded that Judge Constance Epstein'S actual time of service was 10 years, 10 months. All voted in favor

Unanimous Decision

10. REQUEST COMMISSION APPROVAL OF THE CONNECTICUT PROBATE JUDGES AND EMPLOYEES RETIREMENT FUND PERSONNEL EXPENSES PAY PERIOD
MAY 17 THROUGH JUNE 16, 2013 Mr. Luciano moved, seconded by Mr. Greatorex to approve the Connecticut Probate Judges and Employees Retirement Fund Personnel Expenses for the pay period May 17 through June16, 2013. All voted in favor

Unanimous Decision

11. REQUEST COMMISSION ACCEPTANCE OF RECOMMENDATIONS OF THE MEDICAL EXAMINING BOARD FROM ITS MEETING ON APRIL 26 AND MAY 24, 2013 RELATIVE TO APPLICATIONS FOR DISABILITY RETIREMENT RECEIVED FROM THE MUNICIPAL EMPLOYEES RETIREMENT SYSTEM Mr. Luciano moved, seconded by Mr. Baus to open this item for discussion. Following discussion Mr. Luciano moved, seconded by Ms. Yelmini to NOT accept the recommendations of the Medical Examining Board from its meeting on April 26 and May24 and send it back to the Medical Examining Board to look at it again. This item was then tabled to the next meeting. All voted in favor of tabling this item till next month

Unanimous Decision

12. REQUEST COMMISSION APPROVAL OF THE STATE EMPLOYEES RETIREMENT COMMISSION MANAGEMENT TRUSTEES PER DIEM AND TRAVEL EXPENSES REIMBURSEMENTS Mr. Luciano moved, seconded by Ms. Brown-Brewton to approve the State Employees Retirement Commission Management Trustee'S Per Diem and Travel Expenses reimbursements. All voted in favor Mr. Baus abstained

Majority Decision

13. REQUEST COMMISSION APPROVAL OF THE STATE EMPLOYEES RETIREMENT COMMISSION UNION TRUSTEES PER DIEM AND TRAVEL EXPENSES REIMBURSEMENTS MR. Luciano moved, seconded by Mr. Baus to approve the State Employees Retirement Commission Union Trustee'S Per Diem and Travel Expenses reimbursements. All voted in favor Mr. Poulin abstained

Majority Decision

14. REQUEST APPROVAL OF PARTICIPATION OF THE BRIDGEPORT POLICE, IN THE CONNECTICUT MUNICIPAL EMPLOYEES RETIREMENT SYSTEM (CMERS), EFFECTIVE JULY 1, 2013 Mr. Luciano moved, seconded by Mr. Poulin to approve of the participation of the Bridgeport Police in CMERS, effective July 1, 2013. All voted in favor

Unanimous Decision

15. REQUEST COMMISSION CONSIDERATION OF THE RECOMMENDATIONS OF ITS SUBCOMMITTEE ON REGULATIONS AND OVERPAYMENTS FROM ITS MEETING ON JUNE 12, 2013 Mr. Luciano moved, seconded by Mr. Greatorex to accept the recommendations of the Regulations and Overpayment Subcommittee from its meeting on June 12, 2013. All voted in favor

Unanimous Decision

16. REQUEST COMMISSION ACCEPTANCE OF THE CONNECTICUT MUNICIPAL EMPLOYEES RETIREMENT SYSTEM (CMERS) ACTUARIAL EXPERIENCE STUDY AS OF JUNE 30, 2012 Mr. Luciano moved, seconded by Mr. Casella to accept the Connecticut Municipal Employees Retirement System (CMERS) Actuarial Experience Study. All voted in favor

Unanimous Decision

17. REQUEST COMMISSION ACCEPTANCE OF THE POLICE AND FIRE SURVIVOR BENEFIT FUND ACTUARIAL EXPERIENCE STUDY AS OF JUNE 30, 2012 Mr. Luciano moved, seconded by Mr. Casella to accept the Police and Fire Survivor Benefit Fund Actuarial Experience Study. All voted in favor

Unanimous Decision

18. REQUEST COMMISSION CONSIDERATION OF THE REQUEST FROM RETIREE DAVID LEFF THAT THE COMMISSION RECONSIDERS THE MEDICAL EXAMINING BOARD'S LEGAL AUTHORITY TO RESCIND A MEMBER'S DISABILITY ALLOWANCE
Mr. Leff'S attorney Andrew Houlding stated the case before the Commission. Attorney Michael Rose and Attorney Nicole Dorman had questions for Attorney Houlding. No decision was made

TABLED MATTERS

A. REQUEST RECEIVED FROM THE BOARD OF REGENTS FOR HIGHER EDUCATION FOR COMMISSION APPROVAL TO PROCESS A POSTHUMOUS DISABILITY RETIREMENT APPLICATION ON BEHALF OF DECEASED EMPLOYEE JILL FERRIAOLO - Tabled till the August meeting

B. REQUEST PARTICIPATION OF THE LISBON SCHOOL DISTRICT CENTRAL OFFICE STAFF, IN THE CONNECTICUT MUNICIPAL EMPLOYEES RETIREMENT SYSTEM EFFECTIVE SEPTEMBER 1, 2013 - Tabled until confirmation from the Town of Lisbon is received
C. DISCUSSION OF LEGISLATION THAT IMPACTS THE RETIREMENT COMMISSION. Mr. Luciano moved, seconded by Mr. Poulin that this go before the Legal and Personnel Subcommittee for discussion. All voted in favor
Unanimous Decision
D. REQUEST COMMISSION ACCEPTANCE OF RECOMMENDATIONS OF THE MEDICAL EXAMINING BOARD FROM ITS MEETING ON APRIL 5, 2013 RELATIVE TO APPLICATIONS FOR DISABILITY RETIREMENT RECEIVED FROM THE MUNICIPAL EMPLOYEES RETIREMENT SYSTEM - Item is tabled until the August meeting

At 12:03 on a motion from Mr. Casella, seconded by Mr. Greatorex, the Commission went into Executive Session. All voted in favor

EXECUTIVE SESSION

DISCUSSION OF ATTOREY CLIENT RELATIONS - nothing reported out

UPDATE FROM ICE MILLER - tabled to the August meeting

SUBCOMMITTEE PERSONNEL PROCEDURES - Chairman will follow up

MATTER REGARDING PENDING PRIVATE LETTER RULING CONCERNING IRS SECTION 414 (h)(2) - Ms. Yelmini and Mr. Greatorex will be attending the meeting on August 12th in Washington DC with Attorney Barth.

COST ESTIMATE FOR LANGELY MATTER IN 2007 IN CONJUNCTION WITH PENDING BOUCHARD LITIGATION - this matter was not discussed due to the length of the meeting.

ADJOURNMENT

At 12:55 p.m. Mr. Casella moved to come out of Executive Session, seconded by Mr. Carey. At 12:56 p.m. the meeting was adjourned by unanimous decision.

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


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