Somerville Retirement Board

This is a public meeting.

1. Regular Meeting for the Non-Contributory SRB Meeting

• Approving and signing Minutes of prior meeting(s).
• Any Updates or issues.   

2. Regular Meeting for the Contributory SRB Meeting

• Approving and signing the regular minutes of prior meeting(s).
• Approve issuing payment for Vendor Expense Warrant # 6 and Retiree Payroll Warrant # 6A for the month of June.
• Accept and process Applications for Withdrawal of Accumulated Total Deductions, account transfer requests, and Buyback and Makeup requests. 
• Accept and process received Retirement Applications.
• Sign new Membership certificates; Issue any new Member suspension letters
• Financial review; bank reconciliations, trial balance, receipts & disbursement journals.
• Disability Retirements and updates.
• PERAC memos received.
• Any legal or legislative updates.
• Any Death notices.
• Discuss and review any new Policies & Procedures.
• Annual review and update from any Investment Managers.
• Any Accidental Disability retiree overearnings.
• Involuntary Retirement Application hearings.
• Letter received from Comerica regarding GlobeTax.
• Any new business and other items not reasonably anticipated at the time of the meeting posting.