MINUTES OF MEETING
STATE EMPLOYEES RETIREMENT COMMISSION
OFFICE OF THE STATE COMPTROLLER

7TH FLOOR CONFERENCE ROOM
55 ELM STREET
HARTFORD, CT 06106

June 19, 2014

TRUSTEES PRESENT
Peter R. Blum
Robert Baus
Michael Carey
Charles Casella
Robert Coffey
Richard Cosgrove
Sal Luciano
Laila Mandour
Ronald McLellan
Claude Poulin
Linda Yelmini

TRUSTEES ABSENT
Sandra Fae Brown-Brewton
Paul Fortier
Stephen Greatorex

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

MUNICIPAL LIAISON
Thomas Landry

OTHERS PRESENT
Brenda Halpin, Director, Retirement Services Division
Colin Newman, Assistant Director, Retirement Services Division
Peggy Gray, Executive Secretary, Retirement Services Division
Attorney Michael Rose, Counsel to the Commission

GUESTS
Karen Nolan - OPM
Attorney Robin Kallor - RoseKallor
Kiva Bynum - RoseKallor
Vincent DeRosa
Attorney Hubert Santos
Attorney Jessica Santos
Mike Didomizio

CALL TO ORDER

The Chairman called the meeting to order at 9:09 a.m.

CHAIRMAN'S REPORT

DIVISION DIRECTOR'S ADMINISTRATIVE AND SUBCOMMITTEE REPORTS

Following the close of the June retirement payroll, the Division processed 245 new retirees (205 normal, 13 disabilities, 7 Voluntary Pending and 20 Hybrid). Finalizations for the month of June were 46 normal. The total number of the backlog on unfinalized retirement records is approximately 12,043.

We have received a total of 1,148 requests to transfer from the ARP to Hybrid. Of that number 948 were transfers, 187 retirees, 9 waivers, 4 prospective. We received in 30 applications during the month. Of the 915 transfers we have 545 applications waiting to be processed.

Pending Disability Applications as of May 31, 2014

Pending Applications: 217
(applications preliminarily reviewed - 54
(applications waiting for documentation -160
Applications scheduled: 207
Total Pending: 421

FOR THE MONTH OF MAY
Number of Applications Received 22
Number of Applications on Agenda 47 (There were 2 meetings in May)
Number of Applications Approved 25

The next available meeting for scheduling is January 2015.

NEW MATTERS

1. REQUEST COMMISSION APPROVAL OF THE MAY 15, 2014 MINUTES . Mr. Luciano moved, seconded by Mr. Casella to approve the May 15, 2014 minutes All voted in favor
Unanimous Decision

2. REQUEST COMMISSION APPROVAL OF THE STATE EMPLOYEES RETIREMENT COMMISSION CHAIRMAN'S PER DIEM EXPENSES REIMBURSEMENTS Mr. Luciano moved, seconded by Mr. Poulin 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 MAY 2014 Mr. Luciano moved, seconded by Mr. Poulin to approve the Connecticut State Employees Retirement System Service retirements for the month of May2014. All voted in favor

Unanimous Decision

4. REQUEST COMMISSION APPROVAL OF THE CONNECTICUT STATE EMPLOYEES RETIREMENT SYSTEM RETRO-ACTIVE RETIREMEMNTS FOR THE MONTH OF MAY 2014 Mr. Luciano moved, seconded by Mr. Baus to approve the Connecticut State Employees Retirement System Retro-Active retirements for the month of May 2014 All voted in favor

Unanimous Decision

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

Unanimous Decision

6. REQUEST COMMISSION APPROVAL OF THE CONNECTICUT STATE EMPLOYEES RETIREMENT SYSTEM DISABILITY RETIREMENTS FOR THE MONTH OF MAY 2014 Mr. Luciano moved, seconded by Mr. Baus to approve the Connecticut State Employees
Retirement System Disability retirements for the month of May 2014. All voted in favor

Unanimous Decision

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

Unanimous Decision

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

Unanimous Decision

9. REQUEST COMMISSION ACCEPTANCE OF THE CONNECTICUT PROBATE JUDGES AND EMPLOYEES PERSONNEL EXPENSES PAY PERIOD APRIL 5, 2014 THROUGH MAY 15, 2014 Mr. Luciano moved, seconded by Mr. Poulin to accept the Connecticut Probate Judges and Employees Personnel Expenses for the pay period of April 5, 2014 through May 15, 2014. All voted in favor

10. REQUEST COMMISSION APPROVAL OF THE MUNICIPAL EMPLOYEES DISABILITY RETIREMENTS FROM THE MEDICAL EXAMINING BOARD AT ITS MAY 2014 MEETING Mr. Luciano moved, seconded by Mr. Poulin to approve the Municipal Employees Disability retirements from the Medical Examining Board at its May 2014 meeting
All voted in favor

Unanimous Decision

11. REQUEST COMMISSION APPROVAL OF THE STATE EMPLOYEES RETIREMENT COMMISSION MANAGEMENT TRUSTEES PER DIEM AND TRAVEL EXPENSES REIMBURSEMENTS Mr. Luciano moved, seconded by Mr. Baus to approve the State Employees Retirement Commission Management Trustees Per Diem and Travel Expenses. Mr. Baus abstained

Majority Decision

12. 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 Trustees Per Diem and Travel Expenses reimbursements. All voted in favor, Mr. Poulin abstained

Majority Decision

13. REQUEST COMMISSION APPROVAL OF THE JUNE 4, 2014 RECOMMENDATIONS RECEIVED FROM ITS SUBCOMMITTEE ON PURCHASE OF SERVICE AND RELATED MATTERS Mr. Luciano moved, seconded by Ms. Yelmini to approve the June 4, 2014 recommendations received from its Subcommittee on Purchase of Service and Related Matters. All voted in favor

Unanimous Decision

14. REQUEST COMMISSION APPROVAL OF THE RECOMMENDATION OF THE ACTUARIAL SUBCOMMITTEE FOR THE VENDOR CONTACT TO PRODUCE THE EMPLOYEE BENEFIT STATEMENTS FOR SERS OVER A FOUR YEAR PERIOD (2014-2018) AND TO APPROVE THE STATE COMPTROLLER TO NEGOTIATE AND THEREAFTER ENTER INTO A CONTRACT ON BEHALF OF THE RETIREMENT COMMISSION AFTER FINAL APPROVAL OF THE CONTRACT IS GIVEN BY THE RETIREMENT COMMISSION TRUSTEES. Mr. Luciano moved, seconded by Ms. Yelmini to approve the recommendations of the Actuarial Subcommittee for the Vendor Contract to produce Employee Benefit Statements for SERS for a four year period (2014-2018). After discussion led by Mr. Poulin and Mr. Baus the recommendations to approve Custom Communications as the vendor for the Employee Benefit Statement was approved. Mr. Casella abstained

Majority Decision

15. REQUEST COMMISSION REVIEW OF THE CONNECTICUT MUNICIPAL EMPLOYEES' RETIREMENT FUND B STATEMENT OF OPERATIONS FOR THE PLAN YEAR ENDING DECEMBER 31, 2013 ITEM FOR REVIEW ONLY

16. REQUEST COMMISSION REVIEW OF THE CONNECTICUT MUNICIPAL EMPLOYEES RETIREMENT FUND B BALANCE SHEET AS OF DECEMBER 31, 2013.
ITEM FOR REVIEW ONLY

17. REQUEST COMMISSION REVIEW AND DISCUSSION AS REQUESTED BY THE ACTUARIAL SUBCOMMITTEE FROM ITS MAY 14, 2014 MEETING REGARDING GASB 68 AND CHANGES RELATED TO THE MUNICIPAL EMPLOYEES RETIREMENT SYSTEM. After discussion Mr. Luciano moved, seconded by Mr. Poulin to refer this back to the Actuarial Subcommittee until further information is available and to keep the Municipal Liaison, Mr. Landry apprised of the updates. All voted in favor

Unanimous Decision

18. DISCUSSION ON THE RESOLUTION APPROVED BY THE LEGISLATURE OF AN AGREEMENT BETWEEN THE STATE OF CONNECTICUT AND THE STATE EMPLOYEES BARGAINING AGENT COALITION FOR THE DESIGNATION BY THE COMMISSION OF PHYSICIANS TO SERVE ON THE MEDICAL EXAMINING BOARD.
A Committee of Mr. Luciano, Ms. Brown-Brewton, Mr. Casella and Mr. Carey and Chairman Blum will meet with members of the Executive Office to come up with a questionnaire to send out to interested candidates who answer the posting.

19. DISCUSSION OF THE CRUZ-APONTE MATTER AND OTHER SITUATED RETIREES IN LIGHT OF THE MATURO DECISION. Mr. Luciano moved to send this back to the Legal and Personnel Subcommittee to see who else might be affected, seconded by Ms. Yelmini. All voted in favor

Unanimous decision

TABLED ITEM

REVIEW AND RECONSIDER ITS DECEMBER 20, 201 DENIAL OF VINCENT DEROSA'S CLAIM CONCERNING HIS RETIREMENT BENEFIT Mr. Casella moved, seconded by Mr. Carey to take this item off the table for discussion. All voted in favor
After summation by Attorney Hubert Santos, and discussion by Trustees, Ms. Yelmini moved, seconded by Mr. McLellan to table this item until the July meeting. All voted in favor


EXECUTIVE SESSION

Ms. Yelmini moved, seconded by Mr. Luciano to move into Executive Session at 11:12 a.m. and to invite Attorney Rose and Attorney Robin Kallor to attend. All voted in favor
At 11:45 Ms. Mandour moved to come out of Executive Session, seconded by Mr. Baus. Mr. Poulin moved to put the Whistleblower complaint on the next Agenda. All voted in favor

Mr. Casella moved to return to Executive Session to discuss the FOIA request from Virginia Brown, seconded by Mr. Luciano at 11:48. All voted in favor. Mr. Baus moved to come out of Executive Session at 12:00 p.m. No Motion Was Made

REGULAR SESSION

The Commission received the rakings of the Legal and Personnel Subcommittee, acting as the screening committee, concerning the RFP for the position of IRS Counsel to the Commission. Thereafter the Commission discussed the applicants at length. A motion was made by Mr. Luciano, seconded by Ms. Yelmini selected Robinson and Cole, LLP as Legal Counsel to the Commission on IRS matters. All voted in favor

Unanimous Decision

ADJOURNMENT

Mr. McLellan moved to adjourn


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


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