February 2022 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 September 24, 2021 Executive Session
Minutes of September 24, 2021 Regular Session
Minutes of October 29, 2021 Regular Meeting
Minutes of October 29, 2021 Executive Session
Warrants:
Warrant #12 Dated December 31, 2021 $ 17,141,133.23 Partial
Warrant # 1 Dated January 31, 2022 $ 2,039,268.13 Partial
Warrant # 2 Dated February 28, 2022 $ 1,667,234.70 Partial
Warrant # 3 Dated March 31, 2022 $ 6,556.00 Partial
Trial Balance as of November 30, 2021 $ 243,407,965.06
December 2021 Accounting Reports Presented to Board for Review:
Rockland Trust - Checking & Money Market Acct Statements
Treasurer’s Reconciliation – RTC Checking & Money Market Accts (October – December 2021)
Trial Balance
Cash Receipts
Cash Disbursements
Adjustments
Public Comment:
New/Old Business:
Budget:
2021 Budget v. Actual Expenses at 12/31/21
PERAC Memos:
Memo #8/2022: Actuarial Data
2022 Retirement Board Election:
Board to review and approve election schedule & appoint an election officer.
Investments:
Anthony Tranghese from Fiducient Advisors will give a Portfolio Update & Review
Actuarial Services:
Board to discuss the initial evaluations for the actuarial services RFP.
Board to discuss January 1, 2022, PERAC Actuarial Valuation.
Section II: Membership:
New Hires:
Town:
9% Sweeney, Maxwell, Group 4, Student Police Officer
Perm. Full-time: $1,093.58 weekly
Start Date: February 21, 2022
9% Tassinari, Paul, Group 1, Airport Operations
Perm. Full-time: $886.73 weekly
Start Date: January 25, 2022
9% Villano, Cory, Group 4, Student Police Officer
Perm. Full-time: $1,093.58 weekly
Start Date: February 21, 2022
9% Whalen, Luke, Group 4, Student Police Officer
Perm. Full-time: $1,093.58 weekly
Start Date: February 21, 2022
School:
9% Custodio, Mark, Group 1, Custodian
Perm. Full-time: $1,656.00 bi-weekly
Start Date: January 31, 2022
9% Godin, Michael, Group 1, Custodian
Perm. Full-time: $1656.65 bi-weekly
Start Date: February 14, 2022
9% Maloney, Eugene, Group 1, Custodian
Perm. Full-time: 1,656.00 bi-weekly
Start Date: January 31, 2022
9% Tawa, Joseph, Group 2, Skilled Craftsman Electrician
Perm. Full-time: $2,534.81 bi-weekly
Start Date: February 7, 2022
9% Thai, Rhiannon, Group 1, Nurse Case Manager
Perm. Full-time: $3,777.75 bi-weekly
Start Date: January 10, 2022
Refunds:
Town:
Healey, Virginia, Group 1, Coordinator of Volunteers
Five (5) Years, Eight (8) Months Creditable Service (5/11/2016-1/28/2022)
Total Refund Including FWT: $1,103.97
School:
Keefe, Jeffrey, Group 1, Custodian
Three (3) Years, Eight (8) Months Creditable Service (12/26/2017-2/11/2022)
Total Refund Including FWT: $14,613.04
Transfers:
Town:
Kelleher, Kieran, Group 1, Local Health Inspector/Health Assistant
One (1) Year, Nine (9) Months (1/21/2020-11/5/2021)
Total Transfer to Plymouth County Retirement Board: $10,084.88
Buybacks:
School:
Lowe, Anne, Group 1, Paraeducator, has requested to purchase five (5) years, one (1) month creditable service for the period of February 19, 2008 through September 6, 2016 for her prior part-time service with the school department. Total buyback amount is $11,573.83.
3(8)(c ) Liability:
Michael Harrington, former custodian for Plymouth Public Schools from March 29, 2010 through January 17, 2014, is currently a member of the State Retirement Board. Mr. Harrington took a refund of his deductions on March 31, 2014. If proper repayment of deductions and interest is made, will the Board take 3(8)(c ) Liability for three (3) years, nine (9) months creditable service?
Retirements:
School:
DuBois, Marilyn, Group 1, Data Processing Secretary
Ten (10) Years Creditable Service
Superannuation Retirement: opt b
Retirement Date: February 28, 2022
Borsari, Dennis, Group 1, Head Custodian
Thirteen Years (13), Four (4) Months Creditable Service
Superannuation Retirement: opt c
Retirement Date: March 25, 2022
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 Officer Thomas Kelley.
Pursuant to MGL Chapter 30A, Section 21 (a)(1), The Board will enter into Executive Session to vote the Accidental Disability Retirement Application for Officer Daniel Comeau.
Pursuant to MGL Chapter 30A, Section 21 (a)(1), The Board will enter into Executive Session to hold an Evidentiary Hearing for the Involuntary Accidental Disability Retirement Application for Sergeant John Bonasera.