Joseph DeGrace

The board meeting included a presentation on the results of an experience study by Stone Consulting, Inc., covering withdrawals, retirements, and disabilities, and recommending updated mortality tables. The board ratified investments for August 2025 and approved September vouchers. They also approved superannuation retirements for Joseph A. Pefine and Robert P. Trant. The agreement with KPMG LLP was extended for an additional two-year period. The board discussed a disability appeal by Christopher Serra in an executive session and authorized further appeal of DALA's decision. A meeting with PERAC was recapped regarding anti-spiking calculations for Massport union employees, and a follow-up meeting was scheduled. The board also reviewed PERAC's denial of Brad Vinton's superannuation retirement benefit and discussed the MPAERS & RBT Actuarial Services RFP responses.