Trustees Participating:
Charles Casella
Karen
Nolen
Robert D. Coffey
Claude Poulin
Michael Bailey (via telephone)
Other Participants:
Peter Adomeit, Chairman, Retirement Commission
John
Herrington, Director, Retirement Services Division
Jean Reid, Accounting
Specialist, Retirement Services Division
Robert Helfand, Coordinator,
Retirement Services Division
Laurie Martin, State Treasurer�s Office, Ex
Officio Member
Ed Koebel, Cavanaugh Macdonald, Consulting LLC (via telephone)
The meeting began at approximately 2:06 p.m.
1. Discussion was held with regard to MERS withdrawals.
Claude Poulin moved, seconded by Karen Nolen, to recommend to the Commission to accept the advice of the actuaries to use the 20 year municipal GASB rate as the rate of calculation to determine liability for entities that wish to exit MERS.
All voted in favor. The motion carried.
The meeting was adjourned at approximately 2:57 p.m.
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