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TEACHERS'
PENSION AND ANNUITY FUND
SEPTEMBER 11, 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.
| Called
to Order: |
10:37 a.m. |
| Roll Call: |
James Joyner, Marie Flynn, Neil Williams, Martha Liebman, Paul Orihel, Dennis Testa, Susanne Culliton (seated as Treasurer’s Representative) |
| Also
Present: |
DAG Dawn Harris; Mary Ellen Rathbun; Jackie Bussanich; Virginia Martucci; Marylou Mayoros; Mark Schwedes; Amy Mazzeo; Brian Volz, NJEA; Jim Jameson, NJEA; Valerie Kazlidan, NJEA; Richard Klockner, NJPSA; Jack DeFares; Nadine Skipwith; Greg Syrek, attorney; Scott Gorman, attorney; Richard Cirelli
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OPEN SESSION
Minutes
Minutes from the meeting of August 7, 2008 - Approved with corrections to pages 813, 816 and 819
Finance
A-1 |
Common Pension Fund D as of May 31, 2008 - Approved |
| A-2 |
Trial Balance as of June 30, 2008 - Approved |
| A-3 |
Common Pension Fund A as of July 31, 2008 - Approved |
| A-4 |
Common Pension Fund B as of July 31, 2008 - Approved |
| A-5 |
Common Pension Fund E as of March 31, 2008 - Approved |
| A-6 |
Common Pension Fund D as of June 30, 2008 - Approved |
Miscellaneous
Issues
Retirement and Death Lists
C-1 |
Return to Employment - Approved |
| C-2 |
Active and Retired Death Lists - Approved |
| C-3 |
Retirement List - Approved |
| C-4 |
Chapter 221 - Approved |
CLOSED SESSION
Ordinary Disability
. |
MEMBER'S NAME
AND NO. |
EMPLOYER |
EFFECTIVE DATE |
OPT |
DECISION |
D-1 |
Unick, Judith
|
Winslow Twp School Dist |
1/09 |
5 |
Denied; Offer Service |
D-2 |
Laverty, Rebecca |
Keansburg BOE |
6/08 |
C |
Denied; Offer Deferred |
D-3 |
Monthly OD Grid w/Supp |
. |
. |
. |
Approved with exception of Suzanne Hiatt who was tabled for additional review (see list below) |
|
Member's Name |
Effective Date |
Opt |
Employer |
Benson, Kathleen J |
07/08 |
5 |
North Hunterdon - Voorhees |
Cahill, Elaine D |
02/08 |
A |
Jackson Township BOE |
Cooper, Sandra S |
09/08 |
A |
Hillsdale Borough BOE |
Crowley, Barbara B |
07/08 |
C |
Ocean Twp BOE |
Feinstein, Judith |
07/08 |
5 |
Vineland City BOE |
Hawley, Kimberly Ann |
07/08 |
A |
Prospect Park BOE |
Lozier, Alfred |
11/08 |
A |
East Windsor Reg School Dist |
Mcclister, Wayne E |
08/08 |
C |
Union City BOE |
Muller, Diane B |
07/08 |
C |
Cherry Hill Twp BOE |
Vannest, Susan M |
07/08 |
5 |
Greater Egg Harbor Regional |
Volpe, Stephen |
07/08 |
5 |
Millville BOE |
Zams, Doris L |
10/08 |
5 |
Voorhees Twp BOE |
Total = 12
Accidental Disability
. |
MEMBER'S NAME AND NO. |
EMPLOYER |
EFFECTIVE DATE |
OPT |
ACCIDENT
DATE |
DECISION |
E-1 |
Charney, William
|
Stanhope BOE |
5/08 |
5 |
10/10/06 |
Denied; Offer Early |
OPEN SESSION
Retirement
Issues
|
F-1+ |
DeFares, Jack - Newark Public Schools - Honorable Service - Partial Forfeiture - Forfeit the amount equivalent to the lowest premium for the cost of health benefits from the current program for a period of 36 months (Retirement Bureau, State Health Benefits Bureau) |
F-2 |
Graziano, Joanne - Paterson BOE - Honorable Service - Request to Postpone - Approved (Trustees Joyner, Liebman and Testa abstained) |
F-3+ |
Skipwith, Nadine - Essex Co. Educational Serv. Comm. - Honorable Service - Partial Forfeiture - Forfeit the amount equivalent to the lowest premium for the cost of health benefits from the current program for a period of 36 months (Retirement Bureau, State Health Benefits Bureau) |
F-4+ |
Lederer, James - Bergen Co. Bd of Special Services - Honorable Service - Partial Forfeiture; Forfeit salary only from the date of the offense (7/1/93) through date of last contribution (2/28/95); Retroactive to retirement date (12/1/05) |
Hearing
Decisions
.G-1 |
Reed, Howard - Hawthorne BOE - Remand from Appellate Division - Approve purchase based on final salary and current age |
Hearing
Requests
H-1. |
Becker, Kenneth - Trenton City BOE - Appeals Board’s denial of Accidental Disability retirement benefits - Approved |
H-2 |
Natusch, William - Newark Public Schools
a) Reconsideration - Denied
b) Hearing Request - Appeals Board’s denial of Accidental Disability retirement benefits - Approved |
Active
Membership Issues
| J-1+ |
Cirelli, Richard - Camden City BOE - Request to Purchase - Denied |
Death Claim Issues
Informational
Issues
L-1 |
Appellate Division Decision - Romeo Cascaes vs. PERS - Noted |
L-2 |
Wire Transfers - Non-Contributory group insurance policy #14800 - Noted |
L-3 |
Wire Transfers - Contributory group insurance policy #14300 - Noted |
"+" Indicates personal
appearance
"=" Indicates
items not mailed
The next meeting
of the Board will be held on October 2, 2008.
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