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

June 20, 2013

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

TRUSTEES ABSENT
Steve Greatorex

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

MUNICIPAL LIAISON
Thomas Landry

OTHERS PRESENT
Brenda Halpin, Director, Retirement Services Division
Natalie Braswell, Assistant State Comptroller
Peggy Gray, Executive Secretary, Retirement Services Division

GUESTS
Karen Nolen, OPM

CALL TO ORDER

The Chairman called the meeting to order at 9:07 a.m.

DIVISION DIRECTOR'S ADMINISTRATIVE AND SUBCOMMITTEE REPORTS

Following the close of the June 2013 retirement payroll, the current backlog of unfinalized retirement records is approximately 12,919. The Division processed 188 new retirees (168 normal, 20 disabilities) to payroll. Finalizations that are completed but not yet put on the retirement payroll were 111 (92 normal, 19 disability).

We have received a total of 458 requests to transfer from the ARP to Hybrid. There are 107 retirees, 9 waivers and 3 prospective members.

Pending Disability Applications as of May 31, 2013

FOR THE MONTH OF MAY

At the present time, we are reviewing cases from May 2013. The next available meeting for scheduling is November 2013.

On June 18th, the State Treasurer's office received two wire transfers from the City of Bridgeport in the amount of $1,157,734 and $30,820 respectively. Both of these payments are for July 2012 and represent the annual payment and the administrative fees.

NEW MATTERS

1. REQUEST COMMISSION APPROVAL OF THE MAY 16, 2013 MINUTES Mr. Luciano moved, seconded by Mr. Poulin to approve the minutes with additions to the 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. Casella 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 2013 Mr. Luciano moved, seconded by Mr. Poulin to approve the Connecticut State Employees Retirement System Service retirement for the month of May 2013. All voted in favor

Unanimous Decision

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

Unanimous Decision

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

Unanimous Decision

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

Unanimous Decision

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

Unanimous Decision

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

Unanimous Decision

11. REQUEST COMMISSION REVIEW OF THE CONNECTICUT PROBATE JUDGES AND EMPLOYEES RETIREMENT FUND PERSONNEL EXPENSES. For Commission Review only

12. 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

Mr. Luciano moved, seconded by Mr. Baus to accept the recommendations of the Medical Examining Board from its meeting on April 5, 2013. Discussion followed on new language that the Medical Examining Board has been using in their findings. After discussion Ms. Yelmini moved, seconded by Mr. Luciano to table this item until the Commission has further information from the Medical Examining Board. All voted in favor

Item Tabled

13. APPROVAL OF THE MEB APPLICATIONS FROM ITS MEETING ON FEBRUARY 22, 2013 RELATIVE TO THE DISABILITY RETIREMENTS APPROVED CONDITIONALLY UNTIL LETTERS FROM THE TOWNS WERE PROVIDED TO THE RETIREMENT COMMISSION Mr. Luciano moved, seconded by Mr. Casella to approve the Medical Examining Board applications from its meeting on February 22, 2013. All voted in favor

Unanimous Decision

14. REQUEST COMMISSION CONSIDERATION OF THE RECOMMENDATIONS OF ITS SUBCOMMITTEE ON HAZARDOUS DUTY SERVICE CREDIT FROM ITS MEETING ON MAY 23, 2013 Ms. Yelmini moved, seconded by Mr. Luciano to accept the recommendations of its Subcommittee on Hazardous Duty Service Credit from its meeting on May 23, 2013. All voted in favor

Unanimous Decision

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

Majority Decision

16. REQUEST COMMISSION APPROVAL OF THE STATE EMPLOYEES RETIREMENT COMMISSION UNION TRUSTEES PER DIEM AND TRAVEL EXPENSES REIMBURSEMENTS Mr. Luciano moved, seconded by Ms. Yelmini to approve the State Employees Retirement Commission Union Trustees Per Diem and Travel Expenses Reimbursements. All voted in favor
Mr. Poulin abstained

Majority Decision

17. REQUEST REIMBURSEMENT OF EXPENSES INCURRED FOR PARKING IN CONNECTION WITH THE STATE EMPLOYEES RETIREMENT COMMISSION MEETINGS, PAYABLE TO RICHARD COSGROVE, TRUSTEE Mr. Luciano moved, seconded by Ms. Brown-Brewton to reimburse Trustee Richard Cosgrove for expenses incurred for parking in connection to the State Employee Retirement Commission meetings. All voted in favor. Mr. Cosgrove abstained

Majority Decision

18. REQUEST APPROVAL OF PARTICIPATION OF THE LISBON SCHOOL DISTRICT CENTRAL OFFICE STAFF, IN THE CONNECTICUT MUNICIPAL EMPLOYEES RETIREMENT SYSTEM EFFECTIVE SEPTEMBER 1, 2013 Mr. Luciano moved, seconded by Mr. Casella to approve the participation of the Lisbon School District Central Office Staff in the Connecticut Municipal Employees Retirement System Effective September 1, 2013. Following review of the application Mr. Casella moved, seconded by Mr. Luciano to approve the application upon receipt of a resolution from the Town of Lisbon to participate. All voted in favor

Unanimous Decision

19. REQUEST COMMISSION APPROVAL OF THE LEGAL AND PERSONNEL SUBCOMMITTEE'S RECOMMENDATIONS CONTAINED IN THE MINUTES OF ITS JUNE 7 AND 12, 2013 MEETINGS Mr. Luciano moved, seconded by Mr. Casella to approve the recommendations of the Legal and Personnel Subcommittee as contained in the minutes of its June 7 and 12th meeting. Ms. Yelmini asked that this item be taken out of order since it includes some items to be discussed in Executive Session.

20. REVIEW OF THE OFFICE OF THE STATE COMPTROLLER RETIREMENT SERVICES DIVISION PROBATE JUDGES'
AND EMPLOYEES'
RETIREMENT FUND BALANCE SHEET AS OF DECEMBER 31, 2012 For Review Only

21. REVIEW OF THE OFFICE OF THE STATE COMPTROLLER RETIREMENT SERVICES DIVISION PROBATE JUDGES'
AND EMPLOYEES'
RETIRMENT FUND STATEMENT OF OPERATIONS FOR CALENDAR YEAR ENDING DECEMBER 31, 2012 For Review Only

22. REVIEW OF THE OFFICE OF THE STATE COMPTROLLER RETIREMENT SERVICES DIVISION CONNECTICUT MUNICIPAL EMPLOYEES'
RETIREMENT FUND B BALANCE SHEET AS OF DECEMBER 31, 2012 For Review Only

23. REVIEW OF THE OFFICE OF THE STATE COMPTROLLER RETIREMENT SERVICES DIVISION CONNECTICUT MUNICIPAL EMPLOYEES'
RETIREMENT FUND B STATEMENT OF OPERATIONS FOR THE PLAN YEAR ENDING DECEMBER 31, 2012 For Review Only

24. DISCUSSION OF LEGISLATION THAT IMPACTS THE RETIREMENT COMMISSION Mr. Luciano moved, seconded by Ms. Yelmini to table until next month when more information will be available. All voted in favor

Unanimous Decision

TABLED MATTER

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 Ms. Yelmini moved, seconded by Mr. Luciano to table until the July meeting. All voted in favor

Unanimous Decision

EXECUTIVE SESSION

Mr. Luciano moved, seconded by Ms. Yelmini to go into Executive Session for purposes of discussing the Sag Award and other Legal Matters. All voted in favor at 10:00 a.m.

I. DISCUSSION OF ENTERING INTO PSA FOR ROBINSON AND COLE FOR THE SAG AWARD IMPLEMENTATION AND OTHER LEGAL MATTERS

II. DISCUSSION OF ENTERING INTO A PSA FOR HIRING OF TEMPORARY LEGAL SERVICES

III. DISCUSSION OF ENTERING INTO A PSA FOR VENDOR SERVICES ON THE BOUCHARD MATTER

IV. DISCUSSION OF STRATEGY FOR THE MICARI CASE

V. UPDATE FROM ICE MILLER

At 11:20 a.m. Ms. Brown-Brewton moved, seconded by Mr. Coffey to come out of Executive Session. Mr. Coffey moved, seconded by Mr. Baus to give the Chairman, Peter Blum authority on behalf of the Commission to execute a PSA with Robinson and Cole on the SAG Award, a PSA with Rose-Kallor for temporary Legal Services and with Class Action Administration, Inc. for services with the Bouchard matter as proposed in item 19 under the recommendations of the Legal and Personnell Subcommittee. All voted in favor

Unanimous Decision

No motions were taken on Item IV or V.

Mr. Luciano moved, seconded by Ms. Brown-Brewton to adjourn. All voted in favor

ADJOURNMENT

The meeting was adjourned at 11:22 a.m.

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