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TEACHERS'
PENSION AND ANNUITY FUND
JANUARY 3, 2008
ORDER OF BUSINESS
Notice of this meeting has been provided through the annual notice of the schedule of regular meetings of the Board filed with and prominently posted in the offices of the Secretary of State. The 2008 annual meeting schedule was mailed to the Secretary of State, Star Ledger and the Trenton Times on November 28, 2007.
DISCLOSURE OF THE OPEN PUBLIC MEETINGS ACT
(A) When necessary, the Board shall adopt Resolution A to go into closed session to consider individuals’ disability applications, which states:
In accordance with the provisions of the Open Public Meetings Act, N.J.S.A. 10:4-13, be it resolved that the Board of Trustees go into closed session for purposes of discussing matters pertaining to disability retirement which involves material involving personal medical and health records, data, reports and recommendations relating to specific individuals, pursuant to N.J.S.A. 10:4-12(3). Those matters are confidential unless expressly waived by the individual involved.
The actions taken during closed session relating to a disability retirement are anticipated to become available to the public immediately at the conclusion of the meeting and will be posted on the Division of Pensions and Benefits’ website within a reasonable time; however, personal information pertaining to an individual shall be redacted from the minutes of such meeting and shall remain confidential until after such time as the Board determines that the need of confidentiality no longer exists and the matters discussed can be disclosed.
(B) When necessary, the Board shall adopt Resolution B to go into executive session to request/receive attorney-client advice from the Deputy Attorney General, which states:
In accordance with the provisions of the Open Public Meetings Act, N.J.S.A. 10:4-13, be it resolved that the Board of Trustees go into closed session to discuss matters falling within the attorney-client privilege, and/or matters in which litigation is pending or anticipated, pursuant to N.J.S.A. 10:4-12(7).
The minutes of such meeting shall remain confidential until after such time as the Board determines that the need of confidentiality no longer exists and the matters discussed can be disclosed and the Board waives the attorney-client privilege.
RETIREMENT
LISTS
| Called
to Order: |
10:33 a.m. |
| Roll Call: |
Marie Flynn; Paul Orihel; Neal Williams; James Joyner; Dennis Testa; Fred Beaver; Martha Liebman |
| Also
Present: |
DAG Dawn Harris; Mary Ellen Rathbun; Gail Griffin; Virginia Martucci; Marylou Mayoros; Mike Czyzyk; Amy Mazzeo; Susanne Culliton; Jim Jamison, NJEA; Rich Klockner, NJPSA; John Geppart, Esq.; Gina Roswell, Esq.
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OPEN SESSION
Minutes
Minutes from the meeting of December 6, 2007 - Approved as presented, noting corrected page no. 1184 (Trustees Beaver and Testa abstained)
Finance
A-1 |
Common Pension Fund E as of July 31, 2007 - Approved; based on the Board’s inquiries regarding management fees, the affect of the sub-prime mortgage on the various funds and the impact of outside investments verses inside investments, it was suggested that William Clark, Director of the Division of Investment, be invited to a future Board meeting to address the Board with regard to its inquiries. |
Miscellaneous
Issues
| B-1 |
Election of Chairperson effective February 7, 2008 through June 30, 2008 - Approved James Joyner as the new Chairperson. Marie Flynn was also nominated but declined the nomination. |
Retirement and Death Lists
C-1 |
Chapter 221 - Approved |
C-2 |
Active and Retired Death Lists for 12/21/07 - Approved |
C-3 |
Retirement List - Approved |
CLOSED SESSION
Ordinary Disability
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Fernino, Lea Ann - Passaic Bd. of Ed. - Effective December 1, 2007 - Option 5 -Tabled for evaluation by an IME |
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Oberfeld, Liesl W. - Berlin Twp. Bd. of Ed.- Effective December 1, 2007 - Option 5 - Tabled for evaluation by an IME |
D-1 |
Ordinary Disability Grid - Approved
Member's Name |
Effective Date |
Opt |
Employer |
Bundy, Rita E |
09/07 |
5 |
Beverly City Bd of Ed |
Jacobs, Ellen M |
02/08 |
5 |
Union Township Bd of Ed |
Total = 2
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Accidental Disability
|
MEMBER'S NAME AND NO. |
EMPLOYER |
EFFECTIVE DATE |
OPT |
ACCIDENT
DATE |
TP |
DR |
TE |
DECISION |
E-1 |
Berbrick, Vivian |
Old Bridge Twp BOE |
8/07 |
5 |
11/15/04 |
Y |
N |
N |
Denied Accidental Disability; granted Ordinary Disability; the disability was the result of a pre-existing condition and the event that caused the disability was not undesigned and unexpected. |
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T/P = |
a) Permanently and totally disabled, mentally or physically, from performing the regular assigned work duties; AND
b) Permanently and totally disabled, mentally or physically, from performing any other available job duties. |
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D/R = |
The disability is not the result of a pre-existing disease that is aggravated or accelerated by the work. |
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T/E = |
A work-connected incident that is:
a) Identifiable as to time and place;
b) undesigned and unexpected; and
c) caused by a circumstance external to the member. |
OPEN SESSION
Retirement
Issues
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| Doyle, Vincent - Teaneck BOE |
| a) |
Creditable Salary - Denied request for reversal of administrative determination in accordance with the letter dated September 18, 2007 from Michael Czyzyk, External Audit Unit; approved 10 year repayment with assignment of group life insurance |
| b) |
Request for OAL Hearing - Approved (Retirement Bureau, Beneficiary Services and External Audit ) |
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Ferroni, Olga - Evesham Twp BOE - Request to change retirement type from Ordinary Disability to Early retirement - Denied; member has been collecting retirement benefits well beyond the requisite time period; not sufficient cause for Board to reverse its decision
(Trustee Testa abstained) (Retirement Bureau) |
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Hearing
Decisions
| G-1 |
Morris, Harold - Teaneck BOE - Final Administrative Determination - Approved |
| G-2 |
Carlino, Anne - East Rutherford Boro Board of Ed - Initial Decision - The ALJ upheld the Board’s decision of December 6, 2007 reconsidering and approving Ordinary Disability retirement benefits - Adopted (Trustee Testa abstained) |
Hearing
Requests
| H-1 |
Bradshaw, John - Madison Boro BOE - Appeals Board’s denial of creditable compensation - Approved |
| H-2 |
Dent, William - Lenape Regional HS District -
a. Request for Reconsideration - Denied reconsideration; no new information was provided
b. Appeals Board’s denial to change retirement option - Approved |
Active
Membership Issues
J-1 |
Penn, Patricia - Southern Regional HS District - Creditable Compensation - Approved Attorney’s request for postponement until the Board’s meeting of March 6, 2008 |
Death Claim Issues
L-1 |
Wire Transfers - Non-Contributory Group Insurance policy #14800 - Noted |
L-2 |
Wire Transfers - Contributory Group Insurance policy #13900 - Noted |
L-3 |
Board member address list updated - Noted |
| L-4 |
Certifying Officer Letters Chapter 103 - Regarding state health benefit program medical plans - Noted |
| L-5 |
Certifying Officer Letters Chapter 103 - Regarding State Health Benefit Program medical plans - Noted |
| L-6 |
S.I.C. Update - Noted |
"+" Indicates personal
appearance
"=" Indicates
items not mailed
The next meeting
of the Board will be held on February 7, 2008.
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