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

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

May 15, 2014

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

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
Natalie Braswell, Asst. Comptroller
Colin Newman, Assistant Director, Retirement Services Division
Peggy Gray, Executive Secretary, Retirement Services Division
Attorney Michael Rose, Counsel to the Commission

GUESTS
Attorney Lawrence Sgrignari
Mayor Joseph Maturo

CALL TO ORDER

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

CHAIRMAN'S REPORT
Nothing to report from the Chairman other than the interviews for the RFP for
IRS legal matters will be held on June 5th and June 12th

DIVISION DIRECTOR'S ADMINISTRATIVE AND SUBCOMMITTEE REPORTS

At the Actuarial Subcommittee meeting yesterday the RFP Responses for the Employee Benefit Statements were discussed. Several questions require a response from each proposer before a recommendation can be made. In addition, there was a discussion regarding the GASB 67 and 68 related to MERS with the Auditors' of Public Accounts, the Office of Policy and Management - Governmental Unit and with our actuaries. It was determined that the Commission will need an RFP to contract for auditing services related to the work involved for GASB 67 and 68.

The final educational information session regarding GASB 67 and 68 is being presented today at the CT Society of CPA's by John Garrett and Ed Koebel.

The legislative update has been provided with the action on each item of legislation for your review.

Following the close of the May retirement payroll, the Division processed 136 new retirees (117 normal, 9 disabilities, 7 Voluntary Pending and 3 Hybrid). Finalizations for the month of May were 146 normal and 5 disabilities. The total number of the backlog on unfinalized retirement records is approximately 11,884.

We have received a total of 1,103 requests to transfer from the ARP to Hybrid. Of that number 915 were transfers, 175 retirees, 9 waivers, 4 prospective. We received in 31 applications during the month. Of the 915 transfers we have 515 applications waiting to be processed. We are addressing these applications by adding additional staff to work overtime over the next month and a half to clear through as many as possible.

Pending Disability Applications as of April 30, 2014

Pending Applications: 187
(applications preliminarily reviewed - 49
(applications waiting for documentation - 138
Applications scheduled: 241
Total Pending: 428

FOR THE MONTH OF APRIL
Number of Applications Received 21
Number of Applications on Agenda 26
Number of Applications Approved 18

The next available meeting for scheduling is November 2014.

NEW MATTERS

1. REQUEST COMMISSION APPROVAL OF THE APRIL 17, 2014 MINUTES . Mr. Luciano moved, seconded by Mr. Poulin to approve the April 17, 2014 minutes with Mr. Casella added to those present. All voted in favor Ms. Mandour 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 APRIL 2014 Mr. Luciano moved, seconded by Mr. Poulin to approve the Connecticut State Employees Retirement System Service retirements for the month of April2014. All voted in favor

Unanimous Decision

4. REQUEST COMMISSION APPROVAL OF THE CONNECTICUT STATE EMPLOYEES RETIREMENT SYSTEM PRE-RETIREMENT DEATH BENEFITS FOR THE MONTH OF APRIL 2014 Mr. Luciano moved, seconded by Mr. Greatorex to approve the Connecticut State Employees Retirement System Pre-retirement Death Benefits for the month of April 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 APRIL 2014 Mr. Luciano moved, seconded by Mr. Poulin to approve the Connecticut State Employees System Voluntary Pending retirements for the month of April 2014. All voted in favor

Unanimous Decision

6. REQUEST COMMISSION APPROVAL OF THE CONNECTICUT STATE EMPLOYEES RETIREMENT SYSTEM RETRO-ACTIVE RETIREMENTS FOR THE MONTH OF APRIL 2014 Mr. Luciano moved, seconded by Mr. Poulin to approve the Connecticut State Employees
Retirement System Retro-active retirements for the month of April 2014. All voted in favor

Unanimous Decision

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

Unanimous Decision

8. REQUEST COMMISSION APPROVE OF THE JUDGES, FAMILY SUPPORT MAGISTRATES AND COMPENSATION COMMISSIONERS RETIREMENT SYSTEM RETIREMENTS Mr. Luciano moved, seconded by Mr. Poulin to approve the Judges, Family Support Magistrates and Compensation Commissioners Retirement System Retirements. All voted in favor

Unanimous Decision

9. REQUEST COMMISSION ACCEPTANCE OF THE CONNECTICUT PROBATE JUDGES AND EMPLOYEES PERSONNEL EXPENSES PAY PERIOD March 7, 2014 THROUGH April 4, 2014 Mr. Luciano moved, seconded by Ms. Brown-Brewton to accept the Connecticut Probate Judges and Employees Personnel Expenses for the pay period of March 7, 2014 through April 4, 2014. 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 Expenses. Mr. Baus abstained

Majority 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 Expenses reimbursements. All voted in favor, Mr. Poulin abstained

Majority Decision

12. REQUEST COMMISSION APPROVAL OF STATE EMPLOYEES RETIREMENT COMMISSION TRUSTEE CHARLES CASELLA PARKING EXPENSES REIMBURSEMENTS Mr. Luciano moved, seconded by Mr. Greatorex to approve the State Employees Commission Trustee Charles Casella's parking expenses. All vote in favor, Mr. Casella abstained

Majority Decision

13. REQUEST COMMISSION APPROVAL 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 approve 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

14. REQUEST APPROVAL OF THE TOWN OF BETHLEHEM, PUBLIC WORKS
EMPLOYEES, IN THE CONNECTICUT MUNICIPAL EMPLOYEES RETIREMENT SYSTEM (CMERS) WITH SERVICE CREDIT BEGINNING JULY 1, 2014 Mr. Luciano moved, seconded by Mr. Greatorex to approve the Town of Bethlehem, Public Works Employees, in the Connecticut Municipal Employees Retirement System (CMERS) with Service Credit beginning July 1, 2014. All voted in favor

Unanimous Decision

15. REQUEST COMMISSION REVIEW AND DISCUSSION OF THE DRAFT MEDICAL EXAMINING BOARD PHYSICIAN JOB DESCRIPTION Mr. Luciano moved to Review. No motion taken

16. REQUEST COMMISSION ACCEPTANCE OF THE ACTUARIAL VALUATION OF THE PROBATE JUDGES AND EMPLOYEES RETIREMENT SYSTEM FOR CALENDAR YEAR ENDING DECEMBER 31, 2013 Mr. Luciano moved, seconded by Mr. Poulin to accept the Actuarial Valuation of the Probate Judges and Employees Retirement System for Calendar Year ending December 31, 2013. All voted in favor

Unanimous Decision

TABLED ITEMS

REQUEST FROM JOSEPH MATURO THAT THE COMMISSION REVIEW AND REINSTATE HIS DISABILITY RETIREMENT BENEFIT. The motion on the table from February is to Deny. Mr. Luciano moved, seconded by Mr. Casella to deny the reinstatement
of Mr. Maturo's Retirement Benefit. All voted in favor

Unanimous Decision

EXECUTIVE SESSION

Executive Session was cancelled

ADJOURNMENT

At 9:30 Mr. Luciano moved seconded by Mr. Greatorex to adjourn.

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


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