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.