January 2021 Retirement Board Meeting

Post date:

January 26, 2021

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:

karry@plymouthretirement.com

Section I: Regular Business:

Minutes:

Minutes of November 12, 2020 Regular Meeting

Minutes of October 30, 2020 Regular Meeting

Warrants:

Warrant #11 Dated November 30, 2020 $ 3,358,607.58 Final

Warrant #12 Dated December 31, 2020 $ 1,880,648.78 Partial

Warrant #1 Dated January 31, 2021 $ 2,153,667.86 Partial

Warrant #2 Dated February 28, 2021 $ 6,180.00 Partial

Trial Balance as of November 30, 2020 $ 198,520,265.77

November 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:

Annual Review of Executive Session Minutes:

All 2019 & 2020 Executive Session minutes have been reviewed with counsel. The purpose for the Executive Session continues regarding ongoing litigation and medical issues, therefore these minutes must continue to remain exempt from disclosure.

PERAC Memos:

Memo #34/2020: Cost of Living Increase for Supplemental Allowance Paid to Accidental

Disability Retirees and Accidental Death Survivors

Memo #35/2020: Post Retirement Work Waiver During the State of Emergency Extended to 2021

Memo #36/2020: 2020 Disability Data

Memo #37/2020: Mandatory Retirement Board Member Training – 1st Quarter 2021

Memo #38/2020: Questions arising in wake of the Gomes Decision

Memo #39/2020: Tobacco Company List

Memo #1/2021: 840 CMR 10:10(3) & 10:15(1)(c )-Annual Review of Medical Testing Fee

Memo: #2/2021: 2021 Limits under Chapter 46 of the Acts of 2002

Memo: #3/3021: 2021 Limits under Section 23 of Chapter 131 of the Acts of 2010

Memo: #4/2021: COLA Notice

Memo #5/2021: PROSPER SFI Online Submission

Memo #6/2021: 2021 Interest Rate set at 0.1%

Memo: #7/2021: Buyback and Make-up Repayment Worksheets

Investments:

Anthony Tranghese from DiMeo Schneider & Associates, L.L.C will give a portfolio update through December 31, 2020.