January 2024 Retirement Board Meeting

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

Section I: Regular Business:

Minutes:

 

Minutes of December 29, 2023                      Regular Session

Minutes of December 29, 2023                      Executive Session                  

                       

Warrants:

 

Warrant #11 Dated November 30, 2023                     $ 2,886,481.29  Final

Warrant #12 Dated December 31, 2023                     $  2,757,955.99 Partial  

Warrant #1 Dated January 31, 2024                           $       99,823.19 Partial

 Warrant #2 Dated February 29, 2024                        $          6,753.00 Partial    

 

Trial Balance as of November 2023:                         $238,216,976.95                                                                    

 

November 2023 Accounting & Banking Reports Presented to Board for Review:

 

Rockland Trust Checking & Money Market Acct Statements

Rockland Trust Checking & Money Market Acct Treasurer’s Reconciliations

Trial Balance

Cash Receipts

Cash Disbursements

Adjustments

 

Public Comment:

 

New/Old Business:

 

PERAC Memos:

 

Memo #30/2023:         Mandatory Retirement Board Member Training – 1st Quarter 2024

Memo #1/2024:           840 CMR 10:10(3) & 10:15(1)(c)–Annual Review of Medical Testing Fee

Memo #2/2024:           2024 Interest Rate set at 0.1%

Memo #3/2024:           Required Minimum Distribution: Now Age 73 for This Year’s Notifications

Memo #4/2024:           2024 Limits under Chapter 46 of the Acts of 2002

Memo #5/2024:           2024 Limits under Section 23 of Chapter 131 of the Acts of 2010

Memo #6/2024:           COLA Notice

           

Investments:

 

Portfolio Update and Review

 

Section II: Membership:

New Hires:

 

Town:

 

9%       Hyder, Constance, Group 1, Librarian

            Perm. Full-time: $1,096.77 weekly

            Start Date: January 8, 2024

 

9%       Inacio, Amy, Group 1, Educational & Career Advisor/CCR Instructor-Library (Non-Union)

            Grant Funded Full-time: $1,087.50 weekly

            Start Date: January 2, 2024   

 

9%       Wilson, Emily, Group 1, Assistant Commissioner of Health and Human Services

            Perm. Full-time: $ 1,892.01 weekly

            Start Date: January 2, 2024

 

School:

 

9%       Currier, Jessica, Group 1, Paraprofessional

            Perm. Full-time: $953.03 bi-weekly

            Start Date: January 3, 2024

 

9%       Dunner, Marjorie, Group 1, Paraprofessional (Rehire)

            Perm. Full-time: $1,158.10 bi-weekly

            Start Date: January 22, 2024

 

9%       Leonardo, Bailey, Group 1, Custodian

            Perm. Full-time: $1,921.60 bi-weekly

            Start Date: January 2, 2024

 

9%       Mulkern, Lindsay, Group 1, Paraprofessional

            Perm. Full-time: $1,368.66 bi-weekly

            Start Date: January 16, 2024

 

PHA:

 

Retirements:

 

Town:

 

Kierstead, Randy, Group 4, Fire Lieutenant

Thirty (30) Year of Creditable Service

Superannuation Retirement: opt C

Retirement Date: 3/15/2024

 

Carver, Robin, Group 1, Town Planner

Ten (10) Years, One (1) Month of Creditable Service

Superannuation Retirement: opt B

Retirement Date: March 22, 2024

 

School:

 

Wood, James, Group 1, 1st Shift Custodian

Ten (10) Years Creditable Service

Superannuation Retirement: opt C

Retirement Date: January 31, 2024

 

Next Meeting:

February 23, 2024      

Attorney Sacco has requested the Board Schedule Meeting Dates through December 2024

Executive Session:

Pursuant to MGL Chapter 30A, Section 21 (a)(3), the Board will enter into Executive Session to discuss ongoing litigation.