December 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 September 17, 2021                                  RFP Interviews-International Growth

Warrants:

Warrant #10 Dated October 31, 2021                                     $   3,132,573.87 Final

Warrant #11 Dated November 30, 2021                                 $ 33,142,970.45 Partial

Warrant #12 Dated December 31, 2021                                 $ 14,079,597.74 Partial

Warrant #  1 Dated January 31, 2021                                     $          6,365.40 Partial

Trial Balance as of October 31, 2021:                                    $ 243,038,679.94

October 2021 Accounting Reports Presented to Board for Review:

Rockland Trust - Checking & Money Market Acct Statements

Treasurer’s Reconciliation – RTC Checking & Money Market Accts

Trial Balance

Cash Receipts

Cash Disbursements

Adjustments

Public Comment:

New/Old Business:

PERAC Memos:

Memo #32/2021:         Cybersecurity and Internal Controls

Memo #33/2021:         Tobacco Company List

Investments:

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

Annual Manager Performance Reviews:

Boston Trust Walden Company                     9:00 a.m.

Acadian Asset Management                           9:15 a.m.

Aristotle Capital Management                        9:30 a.m.

Section II: Membership:

Survivor Application for Opt. D Benefits:

Alan MacKenzie, survivor and spouse of Dawn-Marie MacKenzie, has applied for Option D survivor benefits.  Ms. MacKenzie died October 29, 2021 and has 7 years, 2 months creditable service. 

Survivor Application for Section 9 Benefits:

Jane Healy, survivor and spouse of John Healy, former Group 4 accidental disability retiree, died March 4, 2020. Mr. Healy retired under the Heart Law on July 16, 1994.

New Hires:

Town:

9%       Calabro, Catherine, Group 1, Recreation Assistant

            Perm. Full-time: $825.97 weekly

            Start Date: December 14, 2021         

School:

9%       Burke, Emily, Group 1, Paraeducator

            Temp. Full-time: $865.15 bi-weekly

            Start Date: November 8, 2021

9%       Civale, Danielle, Group 1, Paraeducator

            Temp. Full-time: $1,142.65 bi-weekly

            Start Date: November 15, 2021

9%       Hoban, Ashley, Group 1, Paraeducator

            Temp. Full-time: $1,142.65 bi-weekly

            Start Date: November 19, 2021

9%       McCauley, Cari-Anne, Group 1, Para-4 Registered Behavior Technician

            Perm. Full-time: $1,799.86 bi-weekly

            Start Date: December 13, 2021

9%       Moroz, Kathleen, Group 1, Payroll Specialist

            Perm. Full-time: $2,677.60 bi-weekly

            Start Date: December 6, 2021

9%       O’Rourke, Viviana, Group 1, Para-3 Strive

            Temp. Full-time: $1,123.88 bi-weekly

            Start Date: December 6, 2021

9%       Owen, Kara, Group 1, Paraeducator

            Temp Full-time: $1,097.92 bi-weekly

            Start Date: November 3, 2021

9%       Westgate, Joseph, Group 1, Custodian

            Perm. Full-time: $1,656.00

            Start Date: November 15, 2021                       

Refunds:

School:

Powers, AnnMarie, Paraprofessional

Five (5) Years, Seven (7) Months Creditable Service (11/27/2017-11/10/2020)

Total Refund Including FWT: $16,502.42

Reske, Deirde, Group 1, Paraprofessional

Twelve (12) Years, Seven (7) Months Creditable Service (10/30/2000-6/28/2013)

Total Refund Including FWT: $10,847.77

Rollovers:

School:

AnnMarie Gordon – Beneficiary Daniel Gordon, Jr.

Death Rollover to Daniel Gordon Jr. on behalf of deceased member AnnMarie Gordon

Total Rollover Amount: $7,269.11

AnnMarie Gordon – Beneficiary Allison Gordon

Death Rollover to Allison Gordon on behalf of deceased member AnnMarie Gordon

Total Rollover Amount: $7,055.31

AnnMarie Gordon – Beneficiary Jessica Gordon

Death Rollover to Jessica Gordon on behalf of deceased member AnnMarie Gordon

Total Rollover Amount: $7,055.31

Retirements:

Town:

Landers, Michael R., Group 1, Airport Operations for DPW

Sixteen (16) Years of Creditable Service

Superannuation Retirement: opt c

Retirement Date: December 4, 2021

School:

Strauch, Steven, H., Group 2, Electrician

Twenty-One (21) Years, One (1) Month Creditable Service

Superannuation Retirement: opt c

Retirement Date: December 31, 2021

Degrasse, Steven, Group 1, Second Shift Custodian

Ten (10) Years and Five (5) Months Creditable Service

Superannuation Retirement: opt b

Retirement Date: December 31, 2021

Almeida, Joanne P., Group 1, Payroll/Personnel Specialist

Twenty-Six (26) Years and Three Months of Creditable Service

Superannuation Retirement: opt c

Retirement Date: December 31, 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 Retirement Application for Sean Dowling.