Retirement Division February 18, 2010 Meeting Agenda STATE EMPLOYEES Retirement Commission

STATE EMPLOYEES RETIREMENT COMMISSION
OFFICE OF THE STATE COMPTROLLER
55 ELM STREET
HARTFORD, CONNECTICUT 06106

MEETING AGENDA

February 18, 2010

CALL TO ORDER

CHAIRMAN'S REPORT

DIVISION DIRECTOR'S ADMINISTRATIVE AND SUBCOMMITTEE REPORTS

NEW MATTERS

1. REQUEST COMMISSION APPROVAL OF THE FEBRUARY 14, 2010 MINUTES (attached)

2. REQUEST COMMISSION APPROVAL OF THE STATE EMPLOYEES RETIREMENT COMMISSION CHAIRMAN'S PER DIEM EXPENSES REIMBURSEMENTS (attached)

3. REQUEST COMMISSION APPROVAL OF THE STATE EMPLOYEES RETIREMENT SYSTEM SERVICE RETIREMENTS FOR THE MONTH OF JANUARY 2010 (attached)

4. REQUEST COMMISSION APPROVAL OF THE STATE EMPLOYEES RETIREMENT SYSTEMS VOLUNTARY PENDING DISABILITY RETIREMENTS FOR THE MONTH OF JANUARY 2010 (attached)

5. REQUEST COMMISSION APPROVAL OF THE STATE EMPLOYEES RETIREMENT SYSTEM DISABILITY RETIREMENTS FOR THE MONTH OF JANUARY 2010 AS APPROVED BY THE MEDICAL EXAMINING BOARD AS OF DECEMBER 31, 2009.

6. REQUEST COMMISSION APPROVAL OF THE STATE EMPLOYEES RETIREMENT SYSTEMS RETROACTIVE RETIREMENTS FORTHE MONTH OF JANUARY 2010 (attached)

7. REQUEST COMMISSION APPROVAL OF THE STATE EMPLOYEES RETIREMENT SYSTEMS PRE RETIREMENT DEATH BENEFIT RETIREMENTS FOR THE MONTH OF JANUARY 2010 (attached)

8. REQUEST COMMISSION ACCEPTANCE OF RECOMMENDATIONS OF THE MEDICAL EXAMINING BOARD FROM ITS MEETING ON JANUARY 15, 2010 RELATIVE TO APPLICATIONS FOR DISABILITY RETIREMENT RECEIVED FROM THE MUNICIPAL EMPLOYEES RETIREMENT SYSTEM.

9. REQUEST COMMISSION APPROVAL OF THE CONNECTICUT PROBATE JUDGES AND EMPLOYEES RETIREMENT SYSTEM RETIREMENTS AS OF JANUARY 2010 (attached)

10. REQUEST COMMISSION APPROVAL OF THE JUDGES, FAMILY SUPPORT MAGISTRATES AND COMPENSATION COMMISSIONERS RETIREMENT SYSTEM RETIREMENTS (attached)

11. REQUEST COMMISSION APPROVAL OF THE CONNECTICUT PROBATE JUDGES AND EMPLOYEES RETIREMENT FUND PERSONAL EXPENSES FOR THE MONTH OF DECEMBER 2009 (attached)

12. REQUEST COMMISSION APPROVAL OF THE CONNECTICUT PROBATE JUDGES AND EMPLOYEES RETIREMENT FUND PERSONAL EXPENSES FOR THE MONTH OF JANUARY 2010 (attached)

13. REQUEST COMMISSION APPROVAL OF THE MUNICIPAL RETIREMENT SYSTEM RETIREMENTS (attached)

14. REQUEST COMMISSION APPROVAL OF THE STATE EMPLOYEES RETIREMENT COMMISSION MANAGEMENT TRUSTEES PER DIEM AND TRAVEL EXPENSES REIMBURSEMENTS (attached)

15. REQUEST COMMISSION APPROVAL OF THE STATE EMPLOYEES RETIREMENT UNION TRUSTEES PER DIEM AND TRAVEL AND EXPENSES REIMBURSEMENTS (attached)

16. REQUEST COMMISSION CONSIDERATION OF THE JANUARY 6, 2010 RECOMMENDATIONS RECEIVED FROM ITS SUBCOMMITTEE ON REGULATIONS AND OVERPAYMENTS FOR THE FOLLOWING INDIVIDUALS. (additional information included in Agenda packet and available at the meeting)

Requests for Waivers of Repayment for Overpayments

A. Barry Beecher (MERS) - (optionee) Overpayment due to spouse (MERS member) receiving a social security disability award and spouse did not report it to MERS.

B. Thomas Ceccarini (SERS) - Overpayment due to family Soc. Sec. Award

C. Darryl Mickey (SERS) - Mr. Mickey's pension was subject to a QCDRO and 40% of his benefit was given to his ex-spouse. The Supreme Court ruled that the trial court made an error in determining spousal entitlement to a portion of the disability pension so that the ex-spouse had been paid more than she should. Mr. Mickey claims he has been underpaid and seeks the difference not from his ex-spouse but rather from SERS.

D. Beverly Trillo (MERS) - (optionee) Overpayment due to spouse receiving wrong benefit due to incorrect wage information.

E. Elizabeth Turner (MERS) - (optionee) Overpayment due to spouse receiving wrong benefit due to incorrect wage information.

F. Leonard Young (MERS) - Overpayment due to receiving a social security disability award and not reporting it to MERS.

2. Requests for Change of Repayment Rate

Due to changed circumstances, Michael Cozzolino is seeking a change in the rate of repayment from all of his SERS benefit ($4,441.17) to $2,100 per month for approximately 65 months.

3. Discussion - Settlement Issues Pending Sec. 5-142a Overpayment Items - Executive Session

17. REPORT ON THE RESULTS OF THE MUNICIPAL EMPLOYEESRETIREMENT SYSTEM "OFF YEAR" VALUATIONS AS OF JULY 1, 2009

ADJOURNMENT

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