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.