December 2019 Retirement Board Meeting
Section I: Regular Business:
Warrants:
Warrant #10 Dated October 31, 2019 $ 3,149,110.11 Final
Warrant #11 Dated November 30, 2019 $ 2,842,380.94 Partial
Warrant #12 Dated December 1, 2019 $ 314,163.57 Partial
Warrant # 1 Dated January 1, 2019 $ 6,000.00 Partial
Trial Balance as of October 31, 2019 $187,641,341.04
Public Comment:
New/Old Business:
COLA Vote:
Board to set the FY/2021 COLA Vote Meeting Date
PERAC MEMOS:
Memo #25/2019: New Fraud Prevention Poster
Investments:
Anthony Tranghese from FIA will give a Portfolio Update and Review & Review the Large Cap Value RFP
Manager Interviews:
9:00 a.m. - Aristotle
9:30 a.m. - RBC Polaris
Section II: Membership:
New Hires:
Intermittent Police Service Buy Back:
Timothy O’Hara, Police Detective, has requested to appear before the Board to discuss the purchase of his Intermittent Police Service prior to membership.
Town:
Rupert, Jill, Group 1, Dispatcher
Perm. Full-time: $783.23 weekly
Start Date: December 17, 2019
School:
Admirand, Kevin, Group 1, Custodian
Perm. Full-time: $1,623.19 bi-weekly
Start Date: November 26, 2019
Transfers:
School:
Amaral, John, Group 1, Supervisor of Attendance
Twenty (20) Years, Five (5) Months Creditable Service (11/23/1998-3/29/2019)
Total Transfer to MA Teachers’ Retirement System: $135,007.12
Refunds:
School:
Kelly, John, Group 1, Custodian
Six (6) Years, Five (5) Months Creditable Service (5/6/2013-11/1/2019)
Total Refund Including FWT: $24,477.81
Buybacks:
Town:
O’Hara, Timothy, Group 4, Police Detective, has requested to purchase Four (4) Years and Ten (10) Months of Intermittent Police Service (December 1, 1987 though October 3, 1992) with the Plymouth Police Department. Total amount of repayment with interest through January 31, 2020 is $10,168.76. Total Deductions: $8,083.20, Total Interest: $2,085.56.
Retirements:
Town:
Carpenter, James, D., Group 1, Local Inspector B
Twenty-One (21) Years Creditable Service
Superannuation Retirement, opt c
Retirement Date: January 4, 2020
O’Hara, Timothy D., Group 4, Detective
Thirty-Two (32) Years Creditable Service
Superannuation Retirement, opt c
Retirement Date: January 4, 2020
Walkden, Wayne E., Group 1, Facilities Manager
Eleven (11) Years, Three (3) Months Creditable Service
Superannuation Retirement, opt b
Retirement Date: December 13, 2019
School:
Bisschop, Joanne M., Group 1, Cafeteria Worker
Fourteen (14) Four Years (4) Months Creditable Service
Superannuation Retirement, opt c
Retirement Date: November 19, 2019
Cavallo, Brenda, A., Group 1, Paraeducator
Fifteen (15) years, Seven (7) Months Creditable Service
Superannuation Retirement, opt c
Retirement Date: January 4, 2020
Patrician, Sandra A., Group 1, Cafeteria Team Leader
Twenty-Three (23) Years, Two (2) Months Creditable Service
Superannuation Retirement, opt c
Retirement Date: December 13, 2019
Section III:
Executive Session:
Pursuant to MGL Chapter 30A, Section 21 (a)(3), the Board will enter into executive session to discuss ongoing litigation.