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TEACHERS' PENSION AND ANNUITY FUND
OCTOBER 30, 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: 12:45 p.m.

Roll Call:

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


Absent:  

Also Present: DAG Dawn Harris; Mary Ellen Rathbun; Jackie Bussanich; Marylou Mayoros; Amy Mazzeo; Rhonda Clark-Davis; James Clemente; Jim Jamison, NJEA; Valerie Kazlidan, NJEA; Richard Klockner, NJPSA; Hank Schwedes; Joanne Graziano; Gregory Syrek, attorney; Anderson Kendrick; Jennifer Gottschalk, attorney


OPEN SESSION

Minutes

Minutes from the meeting of October 2, 2008 - Approved

Finance

A-1

Common Pension Fund E as of May 31, 2008 - Approved

A-2 Common Pension Fund D as of July 31, 2008 - Approved
A-3 Common Pension Fund B as of August 31, 2008 - Approved
A-4 Common Pension Fund A as of September 30, 2008 - Approved

Miscellaneous Issues 

B-1

None

Retirement and Death Lists

C-1

Retirement List - Approved



CLOSED SESSION

Ordinary Disability

.

MEMBER'S NAME AND NO.

EMPLOYER

EFFECTIVE DATE

OPT

DECISION

D-1

Baluk, Adele

Scotch Plains-Fanwood BOE

10/07

5

Reconsideration and Approved; Withdraw from OAL

D-2

Snead, Etoria

Trenton BOE

9/07

5

Approved

D-3

Monthly OD Grid with Supplement

.

.

.

Approved (see list)

Ordinary Disability List

Member's Name

Effective Date

Opt

Employer

Barrow, Cynthia E

09/08

5

Glen Ridge BOE

Brenner, Renata

05/08

5

Westfield Town BOE

Fautz, Linda M

02/08

5

Freehold Boro BOE

Ghedine, Frederic A

10/08

1

Bridgeton BOE

Harcar, Anne K

09/08

D

Hillsborough Twp BOE

Kennedy, Roberta M

05/08

5

Elizabeth BOE

Santianna, Pilar M

07/08

5

Ringwood Boro BOE

Vanpelt, Genevieve

05/08

5

Southern Regional HS District

Yanny, Wadie M

11/08

A

Elizabeth BOE

Total = 9


CLOSED SESSION

Accidental Disability 

.

MEMBER'S NAME AND NO.

EMPLOYER

EFFECTIVE DATE

OPT

ACCIDENT
DATE

DECISION

E-1

Sernitsky, Mark

Essex County Educational Services Comm

04/08

5

12/12/05

Approved

E-2

Shuss, Laurie

South Brunswick BOE

07/08

C

11/17/06
10/2/07

Denied Accidental; Grant Ordinary

E-3

Shotyk, Douglas

Plainfield BOE

06/08

5

12/7/06

Approved



OPEN SESSION

Retirement Issues

F-1+
Graziano, Joanne - Paterson BOE - Honorable Service - Partial Forfeiture; Forfeit service and salary from September 2000 through September 2005  (Retirement Bureau) (Trustees Joyner, Testa and Liebman recused.)
F-2+
Kendrick, Anderson - Newark Public Schools - Honorable Service - Partial Forfeiture; Reduce monthly allowance by 8%; Prospectively (Retirement Bureau)
F-3
Fitzgerald, Amy - Clinton Twp. BOE - Option Change - Denied

Hearing Decisions

.G-1
Klemens, Steven - Southern Regional H S District - Initial Decision - ALJ upheld the Board's decision to exclude certain monies as pensionable for retirement benefit calculations - Exceptions - Reply to exceptions - Noted Exceptions; Noted Reply to exceptions; Affirm ALJ Decision
G-2 Dent, William - Lenape Regional HS District - Initial Decision - ALJ reversed the Board's decision and granted option change - Exceptions - Reply to exceptions - Noted Exceptions; Noted Reply to Exceptions; Affirmed ALJ Decision (Retirement Bureau)

Hearing Requests

H-1

Laverty, Rebecca - Keansburg - Appeals Board’s denial of Ordinary Disability - Approved


Active Membership Issues

J-1

None

Death Claim Issues

K-1 None

Informational Issues

L-1

N.J.S.A. 43:1-3, 1-3.1 and 1-3.2 - Mandatory Forfeiture of pension benefits for employees convicted of certain crimes involving or touching their office or employment; subpoena powers of the Board - Noted; The Board had a brief discussion on the changes in the law.

L-2

Proposed Readoption with Amendments, New Rules and Repeals:  N.J.A.C. 17:1-1 through 15 - Board made comments to proposed amendments which will be submitted to the NJ Registrar. (Trustee Culliton recused)

L-3

State Investment Council update - James Clemente, State Investment Council Representative, made a personal appearance and provided the Board with an update of the Fund's investments. The Board requested additional information which will be provided at the December meeting.

L-4 Wire Transfers Non-Contributory group insurance policy #14800 - Noted
L-5 Wire Transfers - Contributory group insurance policy #14300 - Noted
L-6 State Investment Council Minutes for July 17, 2008 meeting - Noted
L-7 State Investment Council Agenda for September 18, 2008 meeting - Noted
L-8 Notice of cancellation for the State Investment Council meeting for October 16, 2008 - Noted

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

The next meeting of the Board will be held on December 4, 2008.

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Division of Pensions and Benefits
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Trenton, NJ 08625-0295

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Last Updated: October 31, 2008