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January 2025 Retirement Board Meeting | Plymouth Retirement

January 2025 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 27, 2024                                 Regular Session

Minutes of  December 27, 2024                                 Executive Session          

Warrants:

Warrant # Dated, November 30, 2024                        $12,681,195.21           Final

Warrant # Dated , December 31, 2024                       $  2,506,604.74           Partial

Warrant # Dated , January 31, 2025                           $     336,224.72           Partial

Warrant # Dated , February 28, 2025                         $         6,955.59           Partial

Trial Balance as of November 30, 2024:                    $280,511,568.41                   

November 2024 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 #32/2024:         Tobacco Company List

Memo #33/2024:         Mandatory Retirement Board Member Training – 1st Quarter, 2025

Memo #34/2024:         840 CMR 10:10(3) & 10:15(1)(c)-Annual Review of Medical Testing Fee 

Memo #1/2025:           2025 Interest Rate set at 0.1%

Memo #2/2025:           Repeal of the Social Security Windfall Elimination Provision and Government Pension OffsetMemo #3/2025: Required Minimum Distribution: Still Age 73 for This Year’s Notification

Memo #4/2025:           2025 Limits under Chapter 46 of the Acts of 2002

Memo #5/2025:           2025 Limits under Section 23 of Chapter 131 of the Acts of 2010

Memo #6/2025:           COLA Notice

Memo #7/2025:           Buyback and Make-up Repayment Worksheets

Investments:

Performance Update and Review

Retirement Board Election 2025:

Board to review and approve 2025 Retirement Board Election Schedule & appoint Election Officer.

Section II: Membership:

New Hires:

Town:

9%       Luce, David, Group 1, Maintenance Worker – Forestry

            Perm. Full-time: $1,026.46 weekly

            Start Date: January 21, 2025

9%       Hourahan, Michael, Group 1, Director of Assessing

            Perm. Full-time: $2,127.14 weekly

            Start Date: January 22, 2025

9%       Mathews, Erin, Group 1, Administrative Secretary-Treasurer/Collector

            Perm. Full-time: $986.18 weekly

            Start Date: January 27, 2025

School:

9%       Crawford, Kevin, Group 1, Custodian

            Perm. Full-time: $1935.50 bi-weekly

            Start Date: January 27, 2025

9%       Curtin, Brenda, Group 1, Paraprofessional (Rehire)

            Perm. Full-time: $1,404.40 bi-weekly

            Start Date: January 7, 2025

9%       Diaferio, Jillian, Group 1, Paraprofessional

            Perm. Full-time: $908.33 bi-weekly

            Start Date: January 27, 2025

9%       Fey, Deirdre, Group 1, Paraprofessional

            Perm. Full-time: $858.78 bi-weekly

            Start Date: January 27, 2025

9%       Silva, Brenda, Group 1, Paraprofessional

            Perm. Full-time: $1,404.40 bi-weekly

            Start Date: January 6, 2025

9%       Tucker, Linda, Group 1, Bus Driver

            Perm. Full-time: $various

            Start Date: January 27, 2025

9%       Zinsius, Jane, Group 1, Paraprofessional

            Perm. Full-time: $793.71 bi-weekly

            Start Date: January 2, 2025

Buybacks:

Town:

Antonson, Ryan, Group 4, Police Dept., has requested to purchase three (3) years, eleven (11) months of Military Service. Total Military Buyback Amount: $17,318.44

Ward, Dennis, Group 4, Police Dept., has requested to purchase one (1) year, four (4) months of Military Service: Total Military Buyback Amount: $5,289.51

Greene, Christopher, Group 4, Fire Dept., has requested to purchase one (1) year, eight (8) months of Military Service. Total Military Buyback Amount is $7,128.76

Retirements:

Town:

Reindeau, Geraldine, Group 1, Executive Director-Plymouth Housing Authority

Thirty-Seven (37) Years, Five (5) Months Creditable Service

Superannuation Retirement: Opt: B

Retirement Date: January 24, 2025

Fox III, Harry, Group 4, Fire Fighter,

Thirty (30) Years of Creditable Service

Superannuation Retirement: Opt: C

Retirement Date: February 9, 2025

School:

Cabral, Judy, Group 1, Paraeducator

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

Superannuation Retirement: Opt: C

Retirement Date: December 31, 2024

Murray, Kathryn, Group 1, Para Educator

Twenty-Seven (27) Yars, One (1) Month Creditable Service

Superannuation Retirement: Opt. C

Retirement Date: February 28, 2025

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 Joseph Dello Russo.

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 Timothy Oliver.

Pursuant to MGL Chapter 30A, Section 21 (a)(1), The Board will enter into Executive Session to discuss the Involuntary Accidental Disability Retirement Application of Brian Wright.