STATE EMPLOYEE RETIREMENT COMMISSION SUBCOMMITTEE ON PURCHASE OF SERVICE AND RELATED MATTERS MINUTES OF NOVEMBER 26, 2019 MEETING

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STATE EMPLOYEE RETIREMENT COMMISSION
SUBCOMMITTEE ON PURCHASE OF SERVICE AND RELATED MATTERS

MINUTES OF NOVEMBER 26, 2019 MEETING

TRUSTEES PRESENT
Chairman Peter Adomeit, Charles Casella, Carl Chisem, Robert Coffey,

OTHERS PRESENT
Colin Newman, Assistant Division Director, Retirement Services Division Michael Rose; Commission Counsel

The meeting began at 2:35 p.m.

The Subcommittee discussed the following claims that had been administratively denied by the Retirement Services Division (Division). All the recommendations were unanimous.

Paula Bowser (Retiree) # 564082 - Request received from Paula Bowser that her income payment election for her August 1, 2015 retirement be changed from a Lifetime Only option to the Fifty Percent to Spouse option.

Action: Mr. Casella moved, seconded by Mr. Coffey to recommend denial of Ms. Bowser�s request to change her income payment election from Lifetime Only to the Fifty Percent to Spouse.

Edward Cook #- 291685 - Request received from Edward Cook that he be allowed to transfer his retirement plan membership from Tier II to Tier I where he should have been all along.

Action: Mr. Coffey moved, seconded by Mr. Casella to recommend denial of Mr. Cook�s request to transfer his retirement plan membership from Tier II to Tier I.

Vincent Falconi (Deceased) #026441 � Request received from Joan Falconi for a posthumous change in Mr. Falconi�s income payment election from his lifetime only to a husband and wife option.

Action: Mr. Coffey moved, seconded by Mr. Chisem to recommend denial of Ms. Falconi�s request for a change in her recently deceased husband�s income payment election.

Tabled matters: Kwaku Antwi and Matthew Riley

At 4:08 p.m. the meeting was adjourned.  

 

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