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Boston Retirement System meeting

The Boston Retirement System will be holding a meeting on February 24 at 9:20 a.m.

Members of the public who wish access to the deliberations may join from a computer, tablet, or smartphone through our online meeting link.

Discussion Topics

  1. Agenda
  2. Convene Meeting (Introduction of Members and Guests)
  3. Review and Acceptance of Past Administrative Session Minutes
  4. Outstanding/Ongoing Administrative Issues: Timothy J Smyth, Executive Officer
    • Administrative Update
      • Interview of Alexander Lowry for fifth board member vacancy
      • Interview of Edward Spellman for fifth board member vacancy
      • Statement of Financial Interests (SFI) Online Submission Tutorial from PERAC– discussion only
      • Recently filed legislation re retirement credit of three years – discussion only
      • Vitech upgrade – discussion only
  5. Outstanding/Ongoing Investment Issues: John F. Kelly, Investment Analyst
    • Investment Update
      • NEPC
      • Diverse Manager Fund of Funds Search – discussion and vote
        • Greenspring
        • Barings
        • Grosvenor
      • Emerging Markets Equity Searchdiscussion and voteHamilton Lane update – discussion only
      • 2021 Market Themes and Assumptions – discussion and vote
      • Q4 2020 Performance Summary – discussion only
      • January 2021 Flash Reportdiscussion only
      • Work Plandiscussion only
  6. Outstanding/Ongoing Financial Issues: Ellen M. McCarthy, Comptroller
    • Financial Update
      • January 2021 Financial Snapshot – discussion only
      • Draft PERAC Audit response (2014-2017) – discussion and vote
  7. Outstanding/Ongoing Operations Issues: Christine M. Weir, Operations Officer
    • Operations Update
      • January 2021 payroll update – discussion only
  8. Outstanding/Ongoing Legal Issues: Padraic P. Lydon, General Counsel
    • Legal Update
      • Waiver Request – Brian O’Neill – discussion and vote
      • PERAC Memos offered for educational purposes only:
        • PERAC Memo 5-2021 re PROSPER SFI online submission
        • PERAC Memo 6-2021 re 2021 Interest Rate set at 0.1%
        • PERAC Memo 7-2021 re buyback and make-up repayment worksheets
        • PERAC Memo 7-2021 re worksheet
        • PERAC Memo 8-2021 re Required Minimum Distribution
        • PERAC Memo 9-2021 re actuarial data
        • PERAC Memo 10-2021 re forfeiture of retirement allowance for dereliction of duty by membe
        • The Board shall enter into Executive Session in order to discuss the physical condition or mental health of an individual.  Specifically, the Board shall consider applications for accidental disability retirement benefits, ordinary disability retirement benefits and/or petitions for accidental death benefits.  Additionally, the Board shall discuss litigation strategy.  The Board shall re-convene in Administrative Session in order to consider any remaining agenda items and then adjourn.
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