July 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 June 28, 2024                                           Regular Session                      

Warrants:

Warrant #5 Dated May 31, 2024                                $ 3,204,426.53                        Final

Warrant #6 Dated June 30, 2024                                $ 2,667,024.15                        Partial

Warrant #7 Dated July 31, 2024                                 $ 8,090,667.92                        Partial

Warrant #8 Dated August 31, 2024                            $        6,955.59                        Partial

 

Trial Balance as of May 2024:                                   $254,565,208.40                                            

 

May 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 #15/2024:         91A PROSPER Tasks

Memo #16/2024:         Forfeiture of Retirememt Allowance for Dereliction of Duty by Members

Memo #17/2024:         Mandatory Retirement Board Member Training – 3rd Quarter, 2024

Memo #18/2024:         Audit Process via PROSPER

Special Municipal Employee Status:

Board to discuss Special Municipal Employee status, approved in 1963 and currently being audited by Town Counsel.

Investments:

Performance Update and Review

Section II: Membership:

New Hires:

 

Town:

 

9%       Anderton, Jade, Group 1, Administrative Assistant to Select Board & Town Mgr

            Perm. Full-time: $1,157.63 weekly

            Start Date: July 15, 2024

 

9%       Cavacco, Zackary, Group 1, Maintenance Worker

            Perm. Full-time: $985.18 weekly

            Start Date: July 22, 2024

 

9%       McKay, Kathleen, Group 1, Town Counsel

            Perm. Full-time: $2,746.15 weekly

            Start Date: July 1, 2024

           

School:

 

9%       Belanger, Donna, Group 1, Bus Trip Driver

            Perm. Full-time – over 20 hrs per week (varies) $30.00/hr

            StartDate: July 9, 2024

 

9%       O’Connell, Linda, Group 1, Secretary-HR Data Mgmt

            Perm. Full-time: $2,387.29 bi-weekly

            Start Date: July 11, 2024

 

9%       Pike, Joel, Group 1, Custodian

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

            Start Date: August 12, 2024

 

9%       Rooney, Steven, Group 1, Custodian

            Perm. Full-time: $2,073.60 bi-weekly

            Start Date: June 24, 2024

 

Refunds:

 

Town:

 

Flynn, Virginia, Group 1, Administrative Assistant

Four (4) Months Creditable Service (10/30/2023-3/29/2024)

Total Refund Including FWT: $2,566.59

 

Kinski, Timothy, Group 1, Inspector/Lister

One (1) Year, Ten (10) Months Creditable Service (10/3/2016-8/24/2018)

Total Refund Including FWT: $9,717.57

 

School:

 

Thomas, Jr. Stephen, Group 1, HVAC Technician Apprentice

Four (4) Years, Two (2) Months Creditable Service (4/1/2019-8/23/2023)

Total Refund Including FWT: $21,622.05

 

Rollovers:

 

School:

 

Anzalone, Robert, Group 1, Custodian

Five (5) Years, Four (4) Months Creditable Service (3/31/2014-3/4/2016 & 4/25/2016-9/27/2019)

Total Rollover: $23,491.31

 

Transfers:

 

School:

 

Dailey, Janine, Group 1, Secretary

Six (6) Years Creditable Service (8/13/2018-9/20/2023)

Total Transfer to State Retirement Board: $19,957.37

 

Retirements:

 

Town:

 

Parmley, Lane, Group 4, Fire Fighter

Twenty (20) Years, One (1) Month Creditable Service

Superannuation opt: B

Retirement Date: August 31, 2024

 

School:

 

Korkutis, John, Group 1, 2nd Shift Custodian

Twenty (20) Years, Six (6) Months Creditable Service

Superannuation opt: B

Retirement Date: July 5, 2024

 

Ellis, Robert, Group 1, 2nd Shift Custodian

Thirty-One (31) Years, One (1) Month of Creditable Service

Superannuation opt: C

Retirement Date: July 15, 2024

 

Executive Session:

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