February 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:
Section I: Regular Business:
Minutes:
Minutes of November 18, 2020 Regular Meeting
Warrants:
Warrant #12 Dated December 31, 2020 $ 2,726,974.73 Final
Warrant #1 Dated January 31, 2021 $ 2,153,667.86 Partial
Warrant #2 Dated February 28, 2021 $ 2,419,549.54 Partial
Warrant #3 Dated March 31, 2021 $ 6,365.40 Partial
Trial Balance as of December 31, 2020 $ 215,615,731.80
December 2020 Accounting Reports Presented to Board for Review:
Trial Balance
Cash Receipts
Cash Disbursements
Adjustments
Rockland Trust Statements: Money Market & Checking Acct
Treasurer’s Reconciliation – Money Market & Checking Acct
Public Comment:
New/Old Business:
PERAC Memos:
Memo #8/2021: Required Minimum Distribution: Now Age 72 for this Years Notifications
Memo #9/2021: Actuarial Data
Memo #10/2021: Forfeiture of Retirement Allowance for Dereliction of Duty by Members
2020 Final Budget:
Final 2020 Budget v. Actual for Board review.
Draft Audit Report:
Draft Audit of Specific Elements, Accounts and Items of Financial Statements (805 Report), prepared by Powers & Sullivan for year ended December 31, 2019.
Investments:
Anthony Tranghese from DiMeo Schneider & Associates, L.L.C will review the Manager RFP Responses and give a portfolio review thru January 2021.
Section II: Membership:
New Hires:
Town:
Montanari, Matthew, Group 4, Police Officer
Perm. Full-time: $1,098.58 weekly
Start Date: March 1, 2021
Newell, Michelle, Group 1, Safety Compliance Officer
Perm. Full-time: $1,468.74 weekly
Start Date: February 4, 2021
Souza, Thomas. Group 4, Police Officer
Perm. Full-time: $1,093.58 weekly
Start Date: March 1, 2021
Whelan, Andrew, Group 4, Police Officer
Perm. Full-time: $1,093.58 weekly
Start Date: March 1, 2021
School:
Hoch, Juliann, Group 1, Paraeducator
Perm. Full-time: $991.33 bi-weekly
Start Date: January 20, 2021
Perrone, Denise, Group 1, Paraeducator
Perm. Full-time: $1,267.03 bi-weekly
Start Date: February 11, 2021
Walsh, Kara, Group 1, Paraeducator
Perm. Full-time: $939.42 bi-weekly
Start Date: January 20, 2021
PHA:
Cosato, Richard, Group 1, Maintenance Laborer
Perm/ Full-time: $2,180.00 bi-weekly
Start Date: February 1, 2021
Refunds:
Town:
Mewhinney, Kara, Group 1, Facility/Special Event Manager
Five (5) Years, Two (2) Months Creditable Service (7/14/2015-12/31/2020)
Total Refund Including FWT: $32,484.47
Rollovers:
Town:
Clarke, Ann, Group 1, Librarian
Four (4) Years, Nine (9) Months Creditable Service (8/27/2012-6/9/2017)
Total Rollover Amount: $23,159.96
Transfers:
Town:
Kierstead, Todd, Group 1, Social Outreach Worker
Ten (10) Months Creditable Service (9/30/2019-8/25/2020)
Total Transfer to State Retirement Board: $4,039.63
Whiting, Chad, Group 1, Wastewater Superintendent
Seven (7) Years, One (1) Month Creditable Service (10/28/2013-11/30/2020)
Total Transfer to Somerville Retirement Board: $70,758.70
School:
Harrington, Kristin, Group 1, Secretary
Eight (8) Years, Seven (7) Months Creditable Service (7/9/2012-10/30/2020)
Total transfer to State Retirement Board: $35,416.94
Retirements:
School:
Milano, Jennifer, Group 1, Moderate Special Needs Paraeducator
Eighteen (18) Years, Seven (7) Months Creditable Service
Superannuation Retirement: opt. b
Retirement Date: January 14, 2021
Executive Session:
Pursuant to MGL Chapter 30A, Section 21 (a)(3), the Board will enter into executive session to discuss ongoing litigation.