Junta de Retiro – 15 abr 2026

miércoles, 15 de abril de 2026

Dónde: No aparece en el Centro de Agendas de la ciudad
Hora: No indicada

Qué se decidió

La junta escuchó una presentación de Cambridge Trust, adoptó la Política de Inversión por 90 días y aprobó un ajuste por costo de vida (COLA) de 3% para el año fiscal 27. Aceptó nuevos miembros, solicitudes de jubilación y recompras, entre ellas una recompra libre de intereses para Ron Hogan. La junta rechazó la solicitud de ADR de Frederick Wilson con base en la carta de devolución de PERAC y, en sesión ejecutiva, votó para pedir un panel médico para James Connolly.

Decisiones registradas

Se adoptó la Política de Inversión por 90 días, con la opción de hacer cambios después de una revisión, con votación nominal de 4-0 (Fermano ausente).
Se aceptaron las actas de la reunión de marzo de la junta, la orden de gastos de abril, la nómina de jubilados de marzo y la orden de nómina del personal, los libros de caja y la conciliación de caja; todos los presentes a favor.
Se aceptaron nuevos miembros; todos los presentes a favor.
Se aceptaron las solicitudes de jubilación, los ajustes y los beneficios para sobrevivientes de Steven Lubinger y Nicholas Longo; todos los presentes a favor.
Se aceptaron las recompras, las reposiciones y las compras de servicio militar de Stephen Kelleher, Ron Hogan y Corbin Keating; todos los presentes a favor.
Se aprobó la recompra sin intereses de Ron Hogan y el cambio de su fecha de inicio al 1 de diciembre de 2012; la moción se aprobó con 3 votos a favor y la abstención del Sr. Lucey.
Se aprobó el ajuste por costo de vida (COLA) de 3% para el año fiscal 27, con votación nominal de 4-0 (Fermano ausente).
Se negó la solicitud de ADR de Frederick Wilson con base en la carta de devolución de PERAC; la moción se aprobó por 3 votos a 1, con el voto en contra del Sr. Hall.
Se votó para pedir un panel médico para James Connolly; todos los presentes a favor.

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Transcrito con IA a partir del PDF de la ciudad. Revise el original antes de basarse en él.

BOARD MEETING MINUTES

DATE: April 15, 2026

A meeting of the Malden Retirement Board was held this day April 15, 2026, at 8:30 AM in conference room #105 at Malden City Hall, 215 Pleasant St. Malden, MA with the following present: Warren Atkinson Jr., Domenic Fermano (Absent), John Hall, Scott Lucey, Charles Ranaghan. Staff: Director, Robert Soohoo, and Board Secretary Maria LoGrasso. Guests: Cambridge Trust – Jeffrey Smith, Phillip McManus, Brian Bickford and Ryan Hanna.

Call to Order

The Chairman, Mr. Atkinson Jr. called the meeting to order at 8:30 AM. The Board Secretary Maria LoGrasso took an attendance roll call vote. Roll Call: - Mr. Atkinson Jr. - Yes - Mr. Fermano - Absent - Mr. Hall - Yes - Mr. Lucey - Yes - Mr. Ranaghan - Yes

Presentation

The Cambridge Trust presentation began at 8:30 am. The Cambridge Trust Investment Management will be attending quarterly meetings going forward. The Investment Management team confirmed the funds transferred and reviewed the Investment Policy document. The board requested a standard monthly performance report.

Cambridge Trust representatives exited the meeting at 9:15 am

VOTE: The Board made a motion to adopt the Investment Policy for 90 days with the option to make changes after review. Motion made by Mr. Lucey and seconded by Mr. Ranaghan. The Board Secretary took a roll call vote.

Roll Call: - Mr. Atkinson Jr. - Yes - Mr. Fermano - Absent - Mr. Hall - Yes - Mr. Lucey - Yes - Mr. Ranaghan - Yes

General Meeting

Accept March Board Meeting Minutes, April Expense Warrant, March Retiree Payroll and Staff Payroll Warrant, Cash Books & Cash Reconciliation.

VOTE: To accept March Board Meeting Minutes, April Expense Warrant, March Retiree Payroll and Staff Payroll Warrant, Cash Books & Cash Reconciliation. Motion by Mr. Hall and seconded by Mr. Ranaghan, it was voted: *All present were in favor

New Members

Julie Turner-Wilcox – City, Recreation Clerk, Hire Date 03/09/2026
Anthony DeLeon – City, Police Officer, Hire Date 03/16/2026
Sherri Murray – City, Police Detail Clerk, Hire Date 04/01/2026
Drew Crawford – City, ISD Senior Health Inspector, Hire Date 03/23/2026
Colby Cataldo – City, DPW HMEO, Hire Date 03/29/2026
Thomas Blackburn - City, Water, SMEO, Hire Date 03/30/2026
Dylan Preira – City, Police Cadet, Hire Date 03/30/2026
Tai Nguyen – City HHS Public Health Nurse, Hire Date 03/30/2026
Tyler Joseph – City, Police Officer, Hire Date 04/06/2026

VOTE: To accept new members. Motion by Mr. Ranaghan and seconded by Mr. Lucey, it was voted: *All present were in favor

Deceased

None

Retirement Applications, Adjustments, and Survivor Benefits

Steven Lubinger, Police Officer, Date of Retirement: 03/27/2026, Option C
Nicholas Longo, DPW, Foreman, Date of Retirement: 05/21/2026 Option A

VOTE: To accept Retirement Applications, Adjustments, and Survivor Benefits. Motion by Mr. Hall and seconded by Mr. Ranaghan, it was voted: *All present were in favor

Withdrawals/Transfers

None VOTE:

Buybacks, Makeups and Military Purchases

Stephen Kelleher – Malden Part-time, Service: 3 years, 2 Months, Cost: $11,710.81
Ron Hogan – Malden, Service: TBD, Cost: TBD
Corbin Keating – Police reserve (Rockport), Service: 1 year (est.), Cost: TBD

VOTE: To accept Buybacks, Makeups, and Military Purchases. Motion by Mr. Ranaghan and seconded by Mr. Hall, it was voted: *All present were in favor

VOTE: The Board made a motion to allow Ron Hogan to buy back his service interest free due to IRS ruling and to change his start date to December 1, 2012. Motion by Mr. Ranaghan and seconded by Mr. Hall. The Board Secretary took a roll call vote.

Roll Call: - Mr. Atkinson Jr. - Yes - Mr. Fermano - Absent - Mr. Hall - Yes - Mr. Lucey - Abstained from the vote. - Mr. Ranaghan - Yes

*Motion carries 3 to approve Buyback.

Correspondence - Recent PERAC Memos

13 – Tabacco Company List
14 – Mandatory Retirement Board Member Training – 2nd Quarter 2026
15 – Proposed Amendment to the Standard Rules for Disclosure of Information Regulations 840 CMR 6.00

Director Report

COLA Discussion
Review of Staff Timesheets
Review of Q1 2026 Budget
Review of OIG Report and Michael Sacco’s response letter The Board acknowledged the MRB Director requested for an extension to submit the Annual Statement to PERAC that is due April 30th, 2026.

VOTE: The Board made a motion to approve the 3% COLA for FY27. Motion by Mr. Hall and seconded by Mr. Ranaghan. The Board Secretary took a roll call vote.

Roll Call: - Mr. Atkinson Jr. - Yes - Mr. Fermano - Absent - Mr. Hall - Yes - Mr. Lucey - Yes - Mr. Ranaghan - Yes

Discussion of Topics Not Reasonably Anticipated 48 Hours in Advance of Meeting

Frederick Wilson – ADR application. The 2nd Medical Panel was denied by PERAC. Board Director will reach out to Attorney Michael Sacco to submit a letter informing Mr. Wilson of his right to appeal.

VOTE: The Board made a motion to deny the ADR application based on the PERAC’s remand letter. Motion by Mr. Ranaghan and seconded by Mr. Lucey. The Board Secretary took a roll call vote.

Roll Call: - Mr. Atkinson Jr. - Yes - Mr. Fermano - Absent - Mr. Hall - No - Mr. Lucey - Yes - Mr. Ranaghan - Yes

*Motion carries 3 to 1 to submit denial of the ADR application. Director will request Mr. Sacco to send Mr. Wilson his appeal rights.

Documents Distributed to the Board:

April Agenda
2026 Q1 Budget (and final 2026 proposed budget)
Staff timesheets
April disbursement warrant
OIG report & Michael Sacco’s response letter
PERAC’s response letter to Frederick Wilson
PERAC Memo #13 – 15
Letter with regards to Ron Hogan’s Contract time
COLA Notice to City

Executive Session

Executive Session under Purpose 7 of the Open Meeting Law: To comply with Exemption (c) of the Public Records Law (G.L. c. 4, s. 7(26)(c)) exempting personnel and medical files or information and other materials or data relating to a specifically named individual, the disclosure of which may constitute an unwarranted invasion of personal privacy.

Review of James Connolly ADR Application

At 10:17AM Eastern time, Motion by Mr. Lucey, seconded by Mr. Hall, to go into Executive Session. The Board Secretary Maria LoGrasso took a roll call vote. Roll Call: - Mr. Atkinson Jr. - Yes - Mr. Fermano - Absent - Mr. Hall - Yes - Mr. Lucey - Yes - Mr. Ranaghan - Yes *All present were in favor.

At 10:28 AM Eastern time, Motion by Mr. Lucey, seconded by Mr. Ranaghan to exit Executive Session and re-enter back into public meeting. The Board Secretary Maria LoGrasso took a roll call vote.

Roll Call: - Mr. Atkinson Jr. - Yes - Mr. Fermano - Absent - Mr. Hall - Yes - Mr. Lucey - Yes - Mr. Ranaghan - Yes *All present were in favor.

During the Executive Session Meeting the Board Voted:

VOTE: The Board agreed to request a Medical Panel for James Connolly. Motion by Mr. Ranaghan, seconded by Mr. Lucey. The Board Secretary Maria LoGrasso took a roll call vote.

Roll Call: - Mr. Atkinson Jr. - Yes - Mr. Fermano - Absent - Mr. Hall - Yes - Mr. Lucey - Yes - Mr. Ranaghan - Yes *All present were in favor.

Future Meeting dates: May 27, 2026, 8:30 am; June 17, 2026, 8:30 am

VOTE: To adjourn the meeting 10:35AM Eastern time, Motion by Mr. Hall, seconded by Mr. Ranaghan, it was voted: *All present were in favor

Signatures

Warren Atkinson Jr., Chairman
Domenic Fermano, Appointed Member
Scott Lucey, Board Appointed
John Hall, Elected Member
Charles Ranaghan, Ex-Officio

Actas publicadas en el sitio web de la ciudad (PDF, 2.0 MB, en inglés). Copia guardada (se abre en una pestaña nueva), guardada el 29 de septiembre de 2026.

Agenda

No se guardó aquí una copia de la agenda. Está en el sitio web de la ciudad (se abre en una pestaña nueva).

Términos usados aquí

ajuste por costo de vida (COLA): Ajuste por costo de vida (cost-of-living adjustment): un aumento del sueldo o de la pensión para compensar la subida de los precios.
sesión ejecutiva: Una parte de una reunión pública que se hace a puerta cerrada. La ley estatal la permite solo por razones específicas, como demandas, negociaciones o asuntos de personal.
Ley de Reuniones Abiertas (Open Meeting Law): La ley estatal de reuniones abiertas (capítulo 30A, secciones 18 a 25, de las Leyes Generales de Massachusetts), que exige que las juntas públicas se reúnan en público, anuncien sus reuniones con anticipación y lleven actas.
Comisión de Administración de Jubilaciones de Empleados Públicos (PERAC): Comisión de Administración de Jubilaciones de Empleados Públicos (Public Employee Retirement Administration Commission), la agencia estatal que supervisa los sistemas públicos de jubilación de Massachusetts.

Todos los términos del glosario

Fuente

La agenda de esta reunión en el Centro de Agendas de la Ciudad de Malden (se abre en una pestaña nueva). Malden Publick la registró por primera vez el 28 de septiembre de 2026.