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The Board unanimously approved a $3,312 basic cyber liability insurance policy with a $2 million limit and $2,500 retention. It also approved the April retiree payroll totaling $990,691.50 and appointed Justine Donovan as Assistant Retirement Administrator.
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The approved cyber policy is intended to protect the Winchester Retirement System against risks such as data breaches, cybercrime, business interruption, and incident response costs. The Board also authorized the scheduled April retiree payments and approved routine membership, retirement, service-credit, expense, and transfer actions. The Board discussed but did not yet adopt a consent-agenda process and sought guidance on obtaining separate legal counsel.
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