August 2024 Retirement Board Meeting
This meeting of the Town of Plymouth Retirement Board will be held in person.
Section I: Regular Business:
Minutes:
Minutes of July 26, 2024 Regular Session\
Warrants:
Warrant #6 Dated June 30, 2024 $ 2,647,066.78 Final
Warrant #7 Dated July 31, 2024 $10,259,650.12 Partial
Warrant #8 Dated August 31, 2024 $ 3,487,192.86 Partial
Warrant #9 Dated September 30, 2024 $ 6,955.59 Partial
Trial Balance as of June 2024: $254,094,128.20
June 2024 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 #19/2024: Reinstatement to Service under G.L. c. 32 sec 105
Memo #20/2024: Cost of Living Increase for Supplemental Dependent Allowance Paid to Accidental Disability Retirees and Accidental Death Survivors
Memo #21/2024: New Anti-Spiking Exemptions
Memo #22/2024: New Standard for Calculating Public Sector Post-Retirement Work Limitations
Memo #23/2024: Veteran’s Buyback Changes
Third Party Death Audit:
The Berwyn Group, a third-party death auditing company, has quoted $6,750.00 to audit the deaths of approx. 900 Town Retirees and 2,000 (benefit eligible but retired from MTRB) Town of Plymouth School Department retirees. Will the Board approve a prorated cost split of $2,900.00 payable by the Retirement Board and $3,850.00 payable by the Town of Plymouth.
Investments:
- Performance Update and Review
- Investment Policy Statement Review
Draft Audit Report for 12/31/2023:
Board to review and vote draft audit report for December 31, 2023, prepared by Powers & Sullivan.
Section II: Membership:
New Hires:
Town:
9% Coleman, Emma, Group 1, Administrative Secretary – Treasurer/Collector
Perm. Full-time: $949.53 weekly
Start Date: August 19, 2024
9% Kennedy, Casey, Group 1, Communications Coordinator
Perm. Full-time: $1,729.65 weekly
Start Date: August 5, 2024
9% McCormack, Sarah, Group 1, Natural Resources and Sustainability Specialist
Perm. Full-time: $1,338.24 weekly
Start Date: August 26, 2024
School:
9% Bazzano, Margaret, Group 1, Paraprofessional
Perm. Full-time: $1,037.61 bi-weekly
Start Date: August 27, 2024
9% Coe, Katherine, Group 1, Physical Therapist Assistant
Perm. Full-time: $1,782.74 bi-weekly
Start Date: August 27, 2024
9% Dio, Bridget, Group 1, Paraprofessional
Perm. Full-time: 1,178.24 bi-weekly
Start Date: August 27, 2024
9% Replogle, Brenda, Group 1, Paraprofessional
Perm. Full-time: $1,158.10 bi-weekly
Start Date: August 27, 2024
9% Steedman, Kinsale, Group 1, Paraprofessional
Perm. Full-time: $1,000.28 bi-weekly
Start Date: August 27, 2024
Buybacks:
Town:
Helminiak, Marc, Group 4, Fire Lieutenant, has requested to purchase four (4) years of military service. Total military buyback amount is $12,742.00.
Malone, Brian, Group 4, Firefighter, has requested to purchase One (1) Year and Ten (10) Months of Military Service. Total Military Buyback is $5,204.29.
Retirements:
School:
Eno, Martha Jean, Group 1, Custodian
Twenty (20) Years of Creditable Service
Superannuation Retirement: opt B
Retirement Date: September 3, 2024
Plymouth Housing Authority:
Cushman, Toni Lynn, Group 1, Leased Housing Supervisor
Twenty-Seven (27) Years and Five (5) Months Creditable Service
Superannuation Retirement: Opt. B
Retirement Date: September 1, 2024
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 review the Regional Medical Panel results for Fire Fighter, Dean DelTorto and vote his Accidental Disability Retirement Application.
Pursuant to MGL Chapter 30A, Section 21 (a)(1), The Board will enter into Executive Session to discuss the Accidental Disability Retirement Application of former Town of Plymouth Craftsman, Jospeh Dello Russo.