February 2023 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 23, 2022 Executive Session
Warrants:
Warrant #12 Dated December 31, 2022 $2,732,713.58
Warrant # 1 Dated January 30, 2023 $ 2,120,544.34
Warrant # 2 Dated February 28, 2023 $ 2,484,422.07
Warrant #3 Dated March 31, 2023 $ 6,753.00
Trial Balance as of December 31, 2022 $ 228,525,267.84
December 2022 Accounting Reports Presented to Board for Review:
Rockland Trust Checking & Money Market Acct Statements
Treasurer’s Reconciliations of RTC Checking & Money Market Accts
Trial Balance
Cash Receipts
Cash Disbursements
Adjustments
Public Comment:
New/Old Business:
Board to discuss office lighting proposal prepared by Rise Engineering
PERAC Memos:
Memo #7/2023: 2023 Interest Rate set at 0.1%
Memo #8/2023: Actuarial Data
Investment Consultant RFP’s:
Board to review and discuss investment consulting services RFP responses.
Investments:
Anthony Tranghese from Fiducient Advisors will give a performance update and review as well as review the Custodial Services RFP.
Section II: Membership:
New Hires:
Town:
9% Aylward, Joshua, Group 4, Police Officer
Perm. Full-time: $1,230.90 weekly
Start Date: February 6, 2023
9% Harrington, Jared, Group 1, Heavy Motor Equipment Operator-Highway
Perm. Full-time: $1,001.54 weekly
Start Date: February 6, 2023
9% Malloy, Thomas, Group 4, Police Officer
Perm. Full-time: $1,230.90 weekly
Start Date: February 6, 2023
9% Regalado, Noah, Group 4, Police Officer
Perm. Full-time: $1,230.90 weekly
Start Date: February 6, 2023
9% Usher, Jacob, Group 4, Police Officer
Perm. Full-time: 1,230.90 weekly
Start Date: February 6, 2023
School:
9% Brown, Nicole, Group 1, Cafeteria Worker
Perm. Full-time: $933.42 bi-weekly
Start Date: January 3, 2023
9% Foley, Coleen, Group 1, Paraprofessional
Perm. Full-time: $934.61 bi-weekly
Start Date: January 30, 2023
9% Rubera, Christine, Group 1, Paraprofessional
Perm. Full-time: $1,318.40 bi-weekly
Start Date: January 23, 2023
Refunds:
School:
Rezendes, Nora May, Group 1, Bus Driver
Two (2) Years, Four (4) Months Creditable Service (3/1/2020-6/30/2020)
Total Refund Including FWT: $5,493.27
Rollovers:
Town:
Falconer, Paul, Group 1, Assessor Analyst
One (1) Year, Seven (7) Months Creditable Service (2/1/2010-9/21/2011)
Total Rollover: $9,323.17
Transfers:
Town:
Kennedy, Jean, Group 1, Librarian
Eleven (11) Months Creditable Service (1/14/2022-12/16/2022)
Total Transfer to Braintree Retirement Board: $17,370.62
Pacheco, Manuel, Group 1, Water Quality and Service Manager
One (1) Year, Four (4) Months Creditable Service (11/2/2020-3/11/2022)
Total Transfer to Barnstable County Retirement: $100,210.24
School:
Claus, Brian, Group 1, Planetarium Program Instructor
One (1) Year, Four (4) Months Creditable Service (1/29/2015-6/15/2016)
Total Transfer to MA Teachers’ Retirement System: $4,325.43
Diamond, Francine, Group 1, Paraprofessional
Eleven (11) Years, One (1) Month Creditable Service (11/13/2006-9/23/2002)
Total Transfer to State Retirement Board: $24,041.26
Gonzalez, Carmen, Group 1, Paraprofessional
Twelve (12) Years, One (1) Month Creditable Service (9/18/2006-9/30/2022)
Total Transfer to State Retirement Board: $25,737.34
Liuzzi, April, Group 1, Paraprofessional
One (1) Month Creditable Service (10/11/2022-12/2/2022)
Total Transfer to State Retirement Board: $397.44
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 Matthew Sullivan.
Pursuant to MGL Chapter 30A, Section 21 (a)(1), The Board will enter into Executive Session to vote the Accidental Disability Retirement Application of Melissa Preston.