April 2025 Retirement Board Meeting
This meeting of the Town of Plymouth Retirement Board will be held in person.
Section I: Regular Business:
Minutes:
Minutes of March 28, 2025 Regular Session
Minutes of March 28, 2025 COLA Vote
Minutes of March 28, 2025 Executive Session
Minutes of April 1, 2025 Special Meeting Regular Session
Minutes of April 1, 2025 Executive Session
Warrants:
Warrant # 2 Dated February 28, 2025 $ 3,498,533.39 Final
Warrant # 3 Dated March 31, 2025 $ 3,004,742.11 Partial
Warrant # 4 Dated April 1, 2025 $ 335,252.28 Partial
Warrant #5 Dated May 1, 2025 $ 7,164.26 Partial
Trial Balance as of February 2025: $273,798,465.03
February 2025 Bank Statements:
Rockland Trust Checking & Money Market Acct Statements
February 2025 Accounting & Banking Reports Presented to Board for Review:
Rockland Trust Checking & Money Market Acct Statements
Rockland Trust Checking & Money Market Acct Treasurer’s Reconciliations
Trial Balance
Cash Receipts
Cash Disbursements
Adjustments
Public Comment:
New/Old Business:
PERAC Memos:
Memo #12/2025: Recent Investment Fraud Attempts
Memo #13/2025: Extension of Open Meeting Law Waivers
Memo #14/2025: Mandatory Retirement Board Member Training-2nd Quarter 2025
Retirement Board Election Update:
The deadline for nomination papers was April 17, 2025. Thomas Kelley and Dale Webber are the only candidates for the upcoming terms of July 1, 2025, through June 30, 2028. The election scheduled for June 13, 2025, has been canceled. Mr. Kelley and Mr. Webber are unopposed and will remain as the elected members of the Plymouth Contributory Retirement Board for this upcoming term.
Investments:
- Performance Update and Review
2025 Form Annual Vendor Disclosure Forms:
- Acadian
- Aristotle Value Equity
- Aristotle International Equity
- Boston Trust
- Lazard
- Rhumbline
- Wellington Management
- Westfield
- Wilmington Trust
Section II: Membership:
New Hires:
Town:
9% Affsa, Lexi, Group 4, Police Officer
Perm. Full-time: $1,280.66 weekly
Start Date: April 7, 2025
9% Anderson, Jesse, Group 1, Heavy Motor Equipment Operator
Perm. Full-time: $1,063.58 weekly
Start Date: April 22, 2025
9% Correia, Grace, Group 1, Recreation Assistant
Perm. Full-time: $1,052.82 weekly
Start Date: April 15, 2025
9% Gibbs, Callahan, Group 4, Police Officer
Perm. Full-time: $1,280.66 weekly
Start Date: April 7, 2025
9% Kishbach, Hadi, Group 1, Animal Control Officer
Perm. Full-time: $1,052.82 weekly
Start Date: April 13, 2025
9% Ritz, Stephen, Group 1, Motor Equipment Operator
Perm. Full-time: $1,026.46 weekly
Start Date: March 17, 2025
School:
9% Clapp, Stephanie, Group 1, Paraprofessional
Perm. Full-time: $782.76 bi-weekly
Start Date: April 7, 2025
9% DiCarlo, Derek, Group 1, Custodian
Perm. Full-time: $1,988.40 bi-weekly
Start Date: March 31, 2025
9% Dickey, Jessica, Group 1 Nutritionist
Perm. Full-time: $2,307.69 bi-weekly
Start Date: April 28, 2025
9% Gallagher, Donna, Group 1, Bus Driver
Minimum 20 hours per week: pay varies
Start Date: March 31, 2025
9% Hoey, Sean, Group 1, Custodial Floater (Rehire)
Perm. Full-time: $2,076.00 bi-weekly
Start Date: April 22, 2025
9% Veiga, Michael, Group 1, Custodian (Rehire)
Perm. Full-time: $1,998.40 bi-weekly
Start Date: April 14, 2025
Refunds:
Town:
Egerton, Teresa, Group 1, Administrative Secretary – Assessor’s Office
Five (5) Months Creditable Service (10/7/2024-3/26/2025)
Total Refund Amount Including FWT: $2,366.20
Hannon, Kevin, Group 4, Fireman
Five (5) Years of Call Fire Time
Total Refund, there is no FWT liability: $2,894.68
***This refund was issued the first time on 2/28/2020 (check # 36528) due to the SJC Decision in the Gomes Case. Mr. Hannon did not cash the check. A void and reissue was completed on 10/30/2020 (ck#36814). Mr. Hannon refused to accept the refund so that check was voided as well. Mr. Hannon requested on 4/9/2025 that the refund be issued for a third time.***
Transfers:
Town:
Balboni, Michael, Group 1, Custodian
Seven (7) Months Creditable Service (5/6/2024-12/20/2024)
Total Transfer to Plymouth County Retirement: $3,158.92
Foster, Kristine, Group 1, Office Manager/Program Coordinator
One (1) year, Eleven (11) Months Creditable Service (12/5/2022-12/2/2024)
Total Transfer to Barnstable County Retirement: $19,535.57
Buybacks:
Town:
Hoagland, Derek, Fire Dept., has requested to purchase two (2) years, eleven (11) months of Military Service. Total Military Buyback amount is $12,112.00.
Milroy, Mark, Fire Dept., has requested to purchase four (4) years of Military Service. Total Military Buyback amount is $13,144.00.
Norton, Thomas, Fire Dept., has requested to purchase four (4) years of Military Service.
Total Military Buyback amount is $13,648.96.
Page, Sean, Fire Dept., has requested to purchase three (3) years, one (1) month of Military Service. Total Military Buyback amount is $10,538.71.
Pierce, Jason, Fire Dept., has requested to purchase four (4) years of Military Service. Total Military Buyback amount is $13,024.56.
Rotondo, Phillip, Firefighter, has requested to purchase two (2) years, nine (9) months of Military Service. Total Military Buyback amount is $12,082.23.
Smith, Eric, Group 4, Fire Dept., has requested to purchase four (4) years of Military Service.
Total Military Buyback amount is $13,649.38.
Telford, Amber, Group 4, Firefighter, has requested to purchase one (1) year, ten (10) months of Military Service. Total Military Buyback amount is $7,613.27.
Retirements:
Town:
Reimer, Dennis, Group 4, Lieutenant
Thirty-Two Years of Creditable Service
Superannuation Retirement: Opt.: C
Retirement Date: May 5, 2025
Rotondo, Philip, Group 4, Fire Fighter
Twenty (20) Years of Creditable Service
Superannuation Retirement: Opt.: B
Retirement Date: May 4, 2025
School:
Burgess, Sandra, Group 1, Paraeducator
Eleven (11) Years, Three (3) Months Creditable Service
Superannuation Retirement: Opt: B
Retirement Date: April 1, 2025
McGrath, Dorothy, Group 1, Cafeteria Worker
Twenty-Five (25) Years of Creditable Service
Superannuation Retirement: Opt. C
Retirement Date: May 9, 2025
Section III: Executive Session:
Pursuant to MGL Chapter 30A, Section 21 (a)(1), The Board will enter into Executive Session to review the Regional Medical Panel Certificates & Narratives and vote the Involuntary Accidental Disability Retirement application of former School Department Custodian, Brian