December 2023 Retirement Board Meeting
This meeting of the Town of Plymouth Retirement Board will be held in person.
Section I: Regular Business:
Minutes:
Minutes of November 17, 2023 Regular Session
Warrants:
Warrant #10 Dated October 31, 2023 $ 3,546,589.78 Final
Warrant #11 Dated November 30, 2023 $ 2,418,808.58 Partial
Warrant #12 Dated December 31, 2023 $ 412,759.27 Partial
Warrant #1 Dated January 31, 2024 $ 6,753.00 Partial
Trial Balance as of October 2023: $238,845,303.81
October 2023 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 #26/2023: 2023 Pension Fraud Prevention Campaign
Memo #27/2023: Current Members in Service Who Made an Election at Age 70 to Stop Contributions to the Retirement System.
Memo #28/2023: 2023 Disability Data Changes
Memo #29/2023: Tobacco Company List
Investments:
Portfolio Update and Review as of
Annual Manager Reviews
Section II: Membership:
Bus Driver Membership & Buy Back Discussion:
Board to discuss prior service buy backs for bus drivers who are eligible for membership.
New Hires:
Town:
9% Anderson, Karl, Group 1, Facility Manager
Perm. Full-time: $1,926.10 weekly
Start Date: December 4, 2023
9% Carroll, Matthew, Group 4, Police Officer
Perm. Full-time: $1,255.55 weekly
Start Date: December 4, 2023
9% Cleveland, Leona, Group 1, Administrative Assistant
Perm. Full-time: $991.74 weekly
Start Date: November 20, 2023
9% Dungca, Jeremy, Group 4, Firefighter
Perm. Full-time: $1,168.77 weekly
Start Date: November 27, 2023
9% Humfryes, Chloe, Group 4, Police Officer
Perm. Full-time: $1,255.55 weekly
Start Date: December 4, 2023
9% Hunt, Nicholas, Group 4, Police Officer
Perm. Full-time: $1,255.55 weekly
Start Date: December 4, 2023
9% Taylor, Steven, Group 4, Police Officer
Perm. Full-time: $1,255.55 weekly
Start Date: December 4, 2023
School:
9% Blanchard, Paula, Group 1, Paraprofessional
Perm. Full-time: $1,368.66 bi-weekly
Start Date: November 20, 2023
9% Lee, Heather, Group 1, Custodian
Perm. Full-time: $1,711.97 bi-weekly
Start Date: November 27, 2023
9% Milano, Megan, Group 1, Registered Behavior Technician
Perm. Full-time: $1,614.06 bi-weekly
Start Date: December 7, 2023
PHA:
9% Harris, John, Group 1, Maintenance
Perm. Full-time: $2,378.40 bi-weekly
Start Date: November 20, 2023
Refunds:
Town:
Kierstead, Joshua, Group 4, Police Officer
Three (3) Years, Nine (9) Months Creditable Service (1/6/2020-11/8/2023)
Total Refund Including FWT: $26,363.99
Ruel, Joseph, Group 1, Asst. Pumping Station Operator
Two (2) Years, One (1) Month Creditable Service (9/27/2021-11/3/2023)
Total Refund Including FWT: $1,2531.52
PHA:
Dixon, Jaime, Group 1, Program Assistant
Two (2) Years, Three (3) Months Creditable Service (8/1/2016-11/2/2018)
Total Refund Including FWT: $6,445.25
Transfers:
Town:
Barron, Timothy, Group 4, Firefighter
Two (2) Years, Nine (9) Months Creditable Service (1/11/2021-11/10/2023)
Total Transfer to Quincy Retirement Board: $19,833.31
Genao, Silvio, Group 1, Director of Human Resources
Thirteen (13) Years, Seven (7) Months Total Service; Plymouth Service Only: One (1) Year Eleven (11) Months: (3/12/2018-11/2/2018; 5/31/2022-10/20/2023)
Total Transfer to Barnstable County Retirement: $133,819.04
Savard, Eric, Group 4, Police Officer
Four (4) Years, Eleven (11) Months Creditable Service (9/10/2012-8/12/2017)
Total Transfer to Boston Retirement System: $28,176.50
Senesi, Anthony, Group 1, Administrative Assistant to BOS
One (1) Year, Two (2) Months Creditable Service (7/5/2022-9/29/2023)
Total Transfer to State Retirement Board: $21,540.19
School:
Metzger, Rebecca, Group 1, Paraeducator
Thirteen (13) Years, Eight (8) Months Creditable Service (10/4/2007-6/21/2021)
Total Transfer to MTRS: $14,204.54
Buybacks:
Town:
Lis, David, Group 4, Police Lieutenant, has requested to purchase one (1) year, one (1) month of military service. Total Military Buyback: $4,496.81
Retirements:
MacCormack, John, Group 1, Memorial Hall Custodian has rescinded his retirement application dated January 31, 2023.
Next Meeting:
COLA Vote Meeting Date:
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 of retired Battalion Chief, Robert MacKinnon.
Pursuant to MGL Chapter 30A, Section 21 (a)(7), The Board will enter into Executive Session to comply with, or act under the authority of, any general or special law or federal grant-in-aid requirements pursuant to MGL Chapter 12A sec. 9.