February 2026 Retirement Board Meeting

This meeting of the Town of Plymouth Retirement Board will be held in person.

Section I: Regular Business:

Minutes:

Minutes of  January 30, 2026                         Regular Session

Minutes of  January 30, 2026                         Executive Session

Warrants:

Warrant #11 Dated November 30, 2025                                 $3,431,975.85             Final   

Warrant #12 Dated , December 31, 2025                               $3,871,893.27             Final

Warrant #1  Dated , January 31, 2026                                    $2,381,185.03             Partial

Warrant # 2 Dated , February 28, 2026                                  $   830,681.80             Partial 

Warrant #3 Dated March 31, 2026                                         $      7,379.19              Partial

Trial Balance as of December 31, 2025:                    $305,546,556.83                               

December 2025 Accounting & Banking:

Rockland Trust Checking & Money Market Acct Statements

Rockland Trust Checking & Money Market Acct Treasurer’s Reconciliations

Trial Balance

Cash Receipts

Cash Disbursements

Adjustments

General Ledger

Public Comment:

New/Old Business:

PERAC Memos:

Memo #9/2026:           Buyback and Repayment Worksheets

Memo #10/2026:         Actuarial Data

2025 PERAC Annual Statement:

Board to review and vote the 2025 PERAC Annual Statement

Investments:

  • Performance Update and Review

Section II: Membership:

New Hires:

Town:

9%       Connor, Samuel, Group 4, Police Officer

            Perm. Full-time: $1,306.28 weekly

            Start Date: February 17, 2026

 

9%       Kennedy, Nicholas, Group 4, Police Officer

            Perm. Full-time: $1,306.28 weekly

            Start Date: February 17, 2026

 

Amended Position:

9%       Mahoney, Christopher, Group 1, Motor Equipment Operator

            Perm. Full-time: 1,086.50 weekly

            Start Date: January 20, 2026

 

9%       Murphy, James, Group 1, Maintenance Worker-Parks & Forestry

            Perm. Full-time: $1,046.99 weekly

            Start Date: February 2, 2026

 

School:

 

9%       Castro, Tiffanie, Group 1, 7D Van Driver

            Perm. Full-time: pay varies

            Start Date: February 5, 2026

 

9%       Fernald, Kerrin, Group 1, Paraprofessional

            Perm. Full-time: $1,089.11 bi-weekly

            Start Date: February 9, 2026

 

Refunds:

Town:

Brennan, Tara, Group 1, Administrative Assistant

Five (5) Years, Eleven (11) Months Creditable Service (10/3/2016-11/18/2022)

Total Refund Including FWT: $28,805.16

 

Cavacco, Kristain, Group 1, Bldg Maintenance Craftsman

Refund of deductions paid to the Retirement System for supplemental pay while receiving Workers’ Compensation benefits.

Total Refund Including FWT: $2,033.17

 

School:

Bellew, Amanda, Group 1, Paraprofessional

Two (2) Months Creditable Service (1/3/2023-3/24/2023)

Total Refund Including FWT: $15,952.14

 

Hackett, Alicia, Group 1, Paraprofessional

Six Months Creditable Service (12/16/2024-6/17/2025)

Total Refund Including FWT: $1,527.76

 

Rollover:

 

School:

 

Ruley, Rosanne, Group 1, Paraprofessional

Ten (10) Years Creditable Service: 9/1/2015-9/3/2025

Total Rollover Amount: $25,614.47

 

Transfers:

 

Town:

 

Curley, Michael, Group 4, Police Officer

Nine (9) Years, Four (4) Months Creditable Service (8/1/2016-11/30/2025)

Total Transfer to Plymouth County Retirement Board: $72,358.08

 

Buyback:

 

Town:

 

Lis, David, Group 4, Police Department, has requested a buyback of five (5) years, three (3) months for a prior refund with the State Board of Retirement, who will take liability.

Total buyback amount is: $75,016.19.

 

Retirements:

 

Town:

 

Hayes, Willard, Group 1, Operations Supervisor Airport

Thirty-Eight Years, Two Months Creditable Service

Superannuation Retirement: Opt: B

Retirement Date: February 28, 2026

School:

Creager, Frederick, Group 1, Cafeteria Truck Driver

Ten (10) Years Creditable Service

Superannuation Retirement: Opt. C

Retirement Date: February 2, 2026

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 hold an Evidentiary Hearing on the Accidental Disability Retirement Application of John Milne.

Pursuant to MGL Chapter 30A, Section 21 (a)(1), The Board will enter into Executive Session to review the Regional Medical Panel Clarification Requests and vote the Accidental Disability Retirement Application of Nicholas Pino Jr.