January 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:

karry@plymouthretirement.com

Section I: Regular Business:

Minutes:

Minutes of September 24, 2021                                  Executive Session

Minutes of September 24, 2021                                  Regular Session                                  

Warrants:

Warrant #11 Dated November 30, 2021                                 $12,982,366.38 Partial

Warrant #12 Dated December 31, 2021                                 $ 15,997,566.15 Partial

Warrant #  1 Dated January 31, 2021                                     $      104,407.54 Partial

Warrant # 2 Dated February 28, 2022                                    $          6,365.40 Partial

Trial Balance as of November 30, 2021                                 $ 243,407,965.06

November 2021 Accounting Reports Presented to Board for Review:

Rockland Trust - Checking & Money Market Acct Statements

Treasurer’s Reconciliation – RTC Checking & Money Market Accts

Trial Balance

Cash Receipts

Cash Disbursements

Adjustments

Public Comment:

New/Old Business:

PERAC Memos:

Memo #34/2021:         2021 Disability Data

Memo #35/2021:         840 CMR 10:10(3) & 10:15(1)(c )-Annual Review of Medical Testing Fee

Memo #1/2022:           Fraud Attempt

Memo #2/2022:           2022 Limits Under Chapter 46 of the Acts of 2002

Memo #3/2022:           2022 Interest Rate set at 0.1%

Memo #4/2022:           2022 Limits Under Section 23 of Chapter 131 of the Acts of 2010

Memo $4a/2022:         Clarification of Previous COLA Notice Memo

Memo #5/2022:           2022 Interest Rate set at 0.1%

Memo #6/2022:           Mandatory Retirement Board Member Training – 1st Qtr 2022

Memo #7/2022:           Buybacks & Make-up Repayment Worksheets

Investments:

Anthony Tranghese from Fiducient Advisors will give a Portfolio Update & Review

Actuarial Services:

Board to discuss the RFP for actuarial services RFP process & respondents

Board to discuss January 1, 2022, valuation inquiry from John Boorack of PERAC.

Section II: Membership:

New Hires:

Town:

9%       Emberely, Debora, Group 1, Administrative Secretary – Collector/Treasurer

            Perm. Full-time: $798.28 weekly

            Start Date: January 19, 2022

9%       Kennedy, Jean, Group 1, Librarian

            Perm. Full-time: $923.92 weekly

            Start Date: January 14, 2022

9%       Presby, Melissa, Group 1, Administrative Secretary-Inspectional Service

            Perm. Full-time: $798.28 weekly

            Start Date: December 27, 2021

9%       Walsh, Michael, Group 1, Dispatcher

            Perm. Full-time: $831.16 weekly

            Start Date: December 27, 2021

School:

9%       Anti, Sean, Group 1, Custodian

            Perm. Full-time: $1,655.65 bi-weekly

            Start Date: January 3, 2022

9%       Harrington, Margaret, Group 1, Paraeducator

            Temp. Full-time: $1,022.45 bi-weekly

            Start Date: January 3, 3022

9%       McCauley, Cari-Anne, Group 1, Para-4 Registered Behavior Technician

            Perm. Full-time: $1,799.86 bi-weekly

            Start Date: December 13, 2021

9%       Melchionda, Lauren, Group 1, Paraeducator

            Perm. Full-time: $968.84 bi-weekly  

Start Date: December 17, 2021

9%       Sorensen, Matthew, Group 1, Paraeducator

            Perm. Full-time: $1,022.45 bi-weekly

            Start Date: January 3, 2022

9%       Wildman, Christi-Lynn, Group 1, Paraeducator

            Perm. Full-time: $1,022.45 bi-weekly

            Start Date: January 3, 2022        

Refunds:

Town:

Tripp. Christopher, Group 4, Firefighter

Partial Refund for Overpayment.

Total Refund Amount: $194.66

School:

Baker, Nicholas, Group 1, Custodian

One (1) Year, Two (2) Months Creditable Service (9/14/2020-12/13/2021)

Total Refund Including FWT: $5,296.42

Retirements:

Town:

Wood, Stephanie, Group 1, Library Technician

Thirty-Three (33) Years, Nine (9) Months Creditable Service

Superannuation Retirement: opt b

Retirement Date: January 3, 2022

School:

Cushing, Virginia, Group 1, Paraprofessional

Eighteen (18) Years, Two (2) Months Creditable Service

Superannuation Retirement: opt b

Retirement Date: February 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 David Feurtado Jr.

Pursuant to MGL Chapter 30A, Section 21 (a)(1), The Board will enter into Executive Session to vote the Section 9 Survivor Benefits application for Corinne Draffone, widow of Dennis Draffone.