January 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:
Warrants:
Warrant #10 Dated October 31, 2022 $ 3,448,857.21 Final
Warrant #11 Dated November 30, 2022 $ 6,229,252.92 Final
Warrant #12 Dated December 31, 2022 $ 2,047,081.68 Partial
Warrant # 1 Dated January 30, 2023 $ 115,370.60 Partial
Warrant # 2 Dated February 28, 2023 $ 6,556.00 Partial
Trial Balance as of November 30, 2022 $266,070,089.08
Minutes:
Minutes of September 23, 2022 Regular Session
Minutes of October 28, 2022 Regular Session
November 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:
PERAC Memos:
Memo #33/2022: Mandatory Retirement Board Member Training-1st Quarter, 2023
Memo #34/2022: 2022 Disability Data
Memo #1/2023: Reintroduction of Earning and Hour Limitations for all Retirees in the Public Sector
Memo #2/2023: 2023 Limits under Chapters 46 of the Acts of 2002
Memo #3/2023: 2023 Limits under Section 23 of Chapter 131 of the Acts of 2010
Memo #4/2023: COLA Notice
Memo #5/2023: PROSPER Cash Books and Annual Statement Submission
Memo #6/2023: Buyback and Make-up Repayment Worksheets
Investment Consultant RFP’s:
Board to review and discuss investment consulting services RFP responses.
2022 Budget:
2022 Budget v. Actual at December 31, 2022
Investments:
Anthony Tranghese from Fiducient Advisors will give a Portfolio Update & Review.
Section II: Membership:
New Hires:
Town:
9% Regan, Christopher, Group 1, Local Inspector B
Perm. Full-time: $1,333.64 weekly
Start Date: January 3, 3023
School:
9% Bellew, Amanda, Group 1, Paraprofessional
Perm. Full-time: $1,341.86 bi-weekly
Start Date: January 3, 2023
9% Brown, Collis, Group 1, Custodian
Perm. Full-time: $1804.00 bi-weekly
Start Date: January 17, 2023
Buybacks:
Town:
Ditmars, Carl, Group 4, Police Department, has requested a buyback of four (4) years of service of Military Service.
Total Buyback Amount: $12,745.16
King, Kenneth, Group 1, Superintendent of Cemeteries and Crematory DPW, has requested to purchase seasonal employment as a Park Police Officer for the Plymouth Police Department prior to membership. Mr. King has provided payroll records from March 1990 through June 1990. Will the Board approve the purchase of 1 month of creditable service.
Total Buyback Amount: $216.11.
King, Kenneth, Group 1, Superintendent of Cemeteries and Crematory DPW, has requested to purchase seasonal employment as a Park Police Officer for the Plymouth Police Department prior to membership. Mr. King provided the office with a W-2 for 1989, however, there are no payroll records available for 1989 to provide the hour and salary information to calculate this buy back. Mr. King is requesting the Board use his 1989 W-2 to in the absence of payroll records.
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 under the Heart Law of Retired Battalion Chief, Robert MacKinnon.
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 Application of Adam Larsen.