August 2021 Retirement Board Meeting

Pursuant to Governor Baker’s March 12, 2020 Order Suspending Certain Provisions of the Open Meeting Law, G.L. c. 30A, §18, and the Governor’s March 15, 2020 Order imposing strict limitations on the number of people that may gather in one place, this meeting of the Plymouth Retirement Board is being conducted via remote participation. No in-person attendance of members of the public will be permitted, but every effort will be made to ensure that the public can adequately access the proceedings as provided for in the Order.

Any member of the public that wishes to join the Plymouth Retirement Board Meeting remotely may call the Retirement Office at (508) 830-4170 or send an email to:

karry@plymouthretirement.com

Section I: Regular Business:

Minutes:

Minutes of April 23, 2021                                                      Executive Session

Minutes of April 23, 2021                                                      Regular Session                                            

Warrants:

Warrant #6 Dated June 30, 2021                                            $ 3,363,889.62 Final     

Warrant #7 Dated July 31, 2021                                             $ 5,554,048.88 Partial

Warrant #8 Dated August 31, 2021                                        $ 3,712,312.41 Partial

Warrant #9 Dated September 30, 2021                                  $ 3,506,365.40 Partial

Trial Balance as of June 30, 2021:                                         $ 227,173,971

June 2021 Accounting Reports Presented to Board for Review:

Trial Balance

Cash Receipts

Cash Disbursements

Adjustments

Rockland Trust Statements: Money Market & Checking Acct

Treasurer’s Rockland Trust Reconciliations for January – June 2021

2nd Qtr. 2021 Supplemental & G/L Reconciliation

Public Comment:

New/Old Business:

Draft Financial Statements for December 31, 2020:

Board to review and vote draft copy of Powers & Sullivan Financial Statements for year ended December 31, 2020.

Investments:

Anthony Tranghese from Fiducient Advisors will give a Portfolio Update & Review

Section II: Membership:

New Hires:

Town:

9%       Cannucci, Steven, Group 1, Laborer-Highway

            Perm. Full-time: $803.74 weekly

            Start Date: August 2, 2021         

School:

9%       Lane, Robert, Group 1, Custodian

            Perm. Full-time: $1,655.66 bi-weekly

            Start Date: August 2, 2021

9%       Woodward, Casey, Group 1, Groundskeeper Floater

            Perm. Full-time: 1,656.00 bi-weekly

            Start Date: August 2, 2021

Refunds:

Town:

Leahy, Shamika, Group 4, Police Officer

Four (4) Years, Three (3) Months Creditable Service (2/27/2017-6/1/2021)

Total Refund Including FWT: $29,365.13

School:

Beaudoin, Gayle, Group 1, Paraprofessional

Refund of excess deductions due to a previous error that was made by the Plymouth County Retirement Board in a transfer to our Board.  Amount of refund: $78.09

Rollovers:

Town:

Vickery, Paul, Group 1, Town Planner

Two (2) Years Creditable Service (7/22/2019-7/23/2019)

Total Rollover including FWT: $14,765.18

Buybacks

Town:

MacKinnon, Robert, Group 4, has requested to purchase two (2) years, eleven (11) months of Military Service. Total Buyback Amount: $8,765.03

Retirements:

Town:

Tavekelian, Troy, Group 4, Police Officer

Twenty-Two (22) Years, Seven (7) Months Creditable Service

Superannuation Retirement: opt c

Retirement Date: August 23, 2021

Tavares, Richard, Group 4, Police Detective

Thirty-Two (32) Years, Six (6) Months Creditable Service

Superannuation Retirement: opt c

Retirement Date: September 4, 2021

Dube, Elizabeth, Group 1, Technical Services Librarian

Twelve (12) Years, Nine (9) Months Creditable Service

Superannuation Retirement: opt a

Retirement Date: September 9, 2021

School:

Logan, Susan A., Group 1, Paraprofessional

Eighteen (18) years, Ten (10) Months Creditable Service

Superannuation Retirement: opt b

Retirement Date: September 15, 2021

Executive Session:

Pursuant to MGL Chapter 30A, Section 21 (a)(3), the Board will enter into Executive Session to discuss ongoing litigation.

Pursuant to MGL Chapter 30A, Section 21 (a)(1). The Board will enter into Executive Session to vote the Accidental Disability Application of Nancy O’Connell.

Pursuant to MGL Chapter 30A, Section 21 (a)(1). The Board will enter into Executive Session to hold an Evidentiary Hearing for the Accidental Disability Application of Christopher Tripp.

Pursuant to MGL Chapter 30A, Section 21 (a)(1). The Board will enter into Executive Session to hold an Evidentiary Hearing for the Accidental Disability Application of Thomas Kelley.