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TEACHERS' PENSION AND ANNUITY FUND
MARCH 6, 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

Service Early Veteran

Deferred Option Changes - none Totals



Called to Order: 10:35 a.m.

Adjourned: 4:40 p.m.

Roll Call:

Martha Liebman, Neil Williams, Marie Flynn, James Joyner, Paul Orihel, Dennis Testa, Janice Nelson (seated as Treasurer’s Representative)


Absent:  

Also Present: DAG Dawn Harris; Mary Ellen Rathbun; Jackie Bussanich; John Megariots; Ed DeSisto; Amy Mazzeo; Susanne Culliton; Fred Polio; Marylou Mayoros; Ginny Martucci; Lisa Pointer; Kathy Coates; Michael Czyzyk; Mark Schwedes; Jim Jameson, NJEA; Richard Klockner, NJPSA; Brian Volz, NJEA; Scott Porter, Milliman Consultants; Dusty McNichol; Star Ledger; Beth Finkelstein, attorney; Dr. Marcia Bossart; Richard Friedman, attorney; Karol Brancato; Edward Cridge, attorney; Leon Jones; Debra Jones; Alice Bent; Patricia Penn


OPEN SESSION

Minutes

Minutes from the meeting of February 7, 2008 - Approved

Finance

A-1

Common Pension Fund E as of September 30, 2007 - Approved

A-2

Common Pension Fund D as of November 30, 2007 - Approved

A-3 Common Pension Fund A as of January 31, 2008 - Approved
A-4

Common Pension Fund B as of January 31, 2008 - Approved

A-5 Trial Balance as of July 31, 2007 - Approved
A-6 Trial Balance as of August 31, 2007 - Approved

Miscellaneous Issues 

B-1+

Actuary Valuation Report from Milliman Consultants and Actuaries as of June 30, 2007 – Accepted with note that the TPAF Board advocates the State to fully fund its statutory obligation of the pension fund  (Abstained from the note:  Trustees Flynn and Nelson)

B-2+

Prudential Report regarding TPAF Contributory Group Life Plan for the policy year July 1, 2006
through June 30, 2007 – Accepted report; Approved payment

B-3

Administrative Code for Final Adoption - N.J.A.C. 17:3 – Approved with changes to 17:3-1A.1 and 17:3-4.1(i)
a) Commenter # 1
b) Commenter # 2
c) Commenter # 3

Retirement and Death Lists

C-1

Return to Employment - Approved

C-2
Retirement List - Approved
C-3
Active and Retired Death Lists - Approved


CLOSED SESSION

Ordinary Disability

D-1
Nicolaysen, John - Bergenfield BOE - Effective January 1, 2008 - Maximum - Tabled for another IME
D-2
Connors-Ryan, Kathleen - Freehold Regional HS Dist - Effective June 1, 2007 - Option 1 - Resubmission - Approved
D-3

Monthly Ordinary Disability Grid - Approved

Member's Name

Effective Date

Opt

Employer

Al-Dehneh, Sayah

01/08

D

Elizabeth BOE

Bentley, Patricia A

06/08

5

Atlantic County Special Services

Carey, Betty J

09/07

5

Newark Public Schools

Cunningham, Joseph F

02/08

C

Jersey City Public Schools

Fernino, Lea Ann*

12/07

5

Passaic BOE

Figallo, Maria C

12/07

B

Dunellen BOE

Furman, Helen A

07/08

5

Lawrence Twp BOE

Pace, Carolyn D

02/08

5

Vineland City BOE

Pincus, Richard E

07/07

2

Scotch Plains Fanwood BOE

Ryder, Richard

09/07

5

Union City BOE

Sanroman, Loraine L

05/08

5

Essex Co Vocational School

Zitani, Denise J

12/07

5

Union City BOE

*one-year re-exam                                                                                                      Total = 12

Accidental Disability 

.

MEMBER'S NAME AND NO.

EMPLOYER

EFFECTIVE DATE

OPT

ACCIDENT
DATE

TP

DR

TE

DECISION

E-1

Guenzer, Jane

Camden County Tech Schools

12/07

5

10/12/06
12/7/06

Y
Y

Y
Y

Y
Y

Approved

E-2

Forsythe, Thomas

Kinsway Regional School District

4/07

A

9/4/02

Y

N

Y

Denied Accidental; Grant Ordinary (pre-existing)

E-3

Berry, Sharon

Newark Public Schools

1/08

5

9/7/06

Y

Y

N

Denied Accidental; Grant Ordinary (not undesigned and unexpected) (Nae:  Trustees Testa and Orihel)

E-4

Spaldo, Anthony

Jersey City Public Schools

6/07

B

3/10/04

Y

N

Y

Denied Accidental; Grant Ordinary (pre-existing) (Nae:  Trustee Testa)

E-5

Megaro, Lisa

Newark Public Schools

1/08

5

9/22/04

Y

Y

N

Denied Accidental; Grant Ordinary (not undesigned and unexpected) (Nae:  Trustee Testa)

E-6

Bender, Marie

Paterson BOE

10/07

5

9/16/05

Y

Y

Y

Approved

E-7

McQuaid, Esther

Penns Grove-Carneys Point

7/07

5

12/10/02

Y

Y

N

Denied Accidental; Continue Ordinary
(not undesigned and unexpected) (Nae:  Trustee Orihel)

  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.
  D/R = The disability is not the result of a pre-existing disease that is aggravated or accelerated by the work.
  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

F-1
Bossart, Marcia - Princeton Regional School - Creditable Salary - Denied prospectively (Vote: 4:2; Nae: Trustees Joyner, Testa; Trustee Liebman recused) (External Audit, Retirement Bureau)
F-2+
Brancato, Gerard - Jersey City Public Schools - Request to change Retirement option (posthumously) - Approved (Implementation postponed - Decision under review) (Vote: 4:2:1; Nae: Trustees Orihel, Nelson; Trustee Williams abstained) (Retirement Bureau)
F-3
Yankovich, Anthony - West New York Board of Education - Creditable Salary - Request to Postpone - Approved request to postpone
F-4
Jones, Leon - Trenton City BOE - Honorable Service - Partial Forfeiture; Forfeit 40% of annual retirement benefit (Retirement Bureau)

Hearing Decisions

G-1 None

Hearing Requests

H-1

Ferroni, Olga - Evesham Township BOE - Appeals Board's denial to change her retirement type from Ordinary disability to Early retirement (retroactive to 11/1/00) - Approved

H-2 Goldstein, Pamela - Livingston BOE - Appeals Board's denial of retroactive retirement date - Denied

Active Membership Issues

J-1+
Penn, Patricia - Southern Regional H S District - Creditable Salary - Approved
J-2
Milligan, David - New Providence BOE - Requests reduction of back deduction payments - Approved 50% reduction (Adjustment Section)

Death Claim Issues

 

None

Informational Issues

L-1

Larry S. Loigman vs. PFRS - Noted

L-2
Wire Transfers - Non-Contributory Group Insurance Policy #14800 - Noted
L-3
Wire Transfers - Contributory Group Insurance Policy #14300 - Noted
L-4
State Investment Council Information - Noted

"+" Indicates personal appearance
"=" Indicates items not mailed

The next meeting of the Board will be held on April 3, 2008.

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Division of Pensions and Benefits
PO Box 295
Trenton, NJ 08625-0295

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Last Updated: March 11, 2008