June 2021 Retirement Board Meeting
Pursuant to Governor Baker’s March 12, 2020 Order Suspending Certain Provisions of the Open Meeting Law, G.L. c. 30A, §18, and the Governor’s March 15, 2020 Order imposing strict limitations on the number of people that may gather in one place, this meeting of the Plymouth Retirement Board is being conducted via remote participation. No in-person attendance of members of the public will be permitted, but every effort will be made to ensure that the public can adequately access the proceedings as provided for in the Order.
Any member of the public that wishes to join the Plymouth Retirement Board Meeting remotely may call the Retirement Office at (508) 830-4170 or send an email to: karry@plymouthretirement.com
Section I: Regular Business:
Minutes:
Minutes of February 26, 2021 Executive Session
Minutes of March 26, 2021 Executive Session
Warrants:
Warrant #4 Dated April 30, 2021 $ 2,929,413.17 Final
Warrant #5 Dated May 31, 2021 $ 6,279,474.99 Partial
Warrant #6 Dated June 30, 2021 $ 142,555.25 Partial
Warrant #7 Dated July 31, 2021 $ 6,365.40 Partial
Trial Balance as of April 30, 2021: $ 219,243,788
April 2021 Accounting Reports Presented to Board for Review:
Trial Balance
Cash Receipts
Cash Disbursements
Adjustments
Rockland Trust Statements: Money Market & Checking Acct
Treasurer’s Rockland Trust Reconciliations for January – April 2021
Public Comment:
New/Old Business:
Board to discuss the re-opening of the Retirement Office
PERAC Memos:
Memo #16/2021: Coronavirus Reopening Memo
Memo #17/2021: Follow Up: Certain Coronavirus Emergency Measures Extended
Investments:
Anthony Tranghese from Fiducient Advisors will give a Portfolio Update & Review, Review Passive RFP Responses, and Discuss Investing the Upcoming Appropriation
PERAC Compliance – BlackRock:
Board to review and vote the amended copy of the BlackRock Placement Agent Statement for Investment Managers.
Staff Bylaw Amendment:
Gov. Baker has recognized Juneteenth (June 19th) as a State Holiday in Massachusetts and President Biden signed the Bill on June 16, 2021, recognizing June 19th as a Federal Holiday. Board to vote to grant this holiday to Retirement Office Staff and amend current Schedule of Benefits & Working Conditions for Retirement Office staff to include this holiday.
Section II: Membership:
New Hires:
Town:
9% Malaguti, Michael, Group 1, Motor Equipment Operator
Perm. Full-time: $803.74 weekly
Start Date: June 23, 2021
School:
9% Damery, James, Group 1, Custodian
Perm. Full-time: $1,655.65 bi-weekly
Start Date: May 24, 2021
9% Holmes, Michael, Group 1, Custodian
Perm. Full-time: $1655.65 bi-weekly
Start Date: May 24, 2021
9% Kravitz, John, Group 1, Custodian
Perm. Full-time: $1,655.65 bi-weekly
Start Date: June 1, 2021
9% May, Glenn, Group 1, Custodian
Perm. Full-time: $1,655.65 bi-weekly
Start Date: June 7, 2021
9% Travassos, Christine, Group 1, In-School Suspension Officer
Perm. Full-time: $2153.13 bi-weekly
Start Date: May 17, 2021
PHA:
9% McGowan, Gregory, Group 1, Modernization Specialist
Perm. Full-time: $2,615.39 bi-weekly
Start Date: June 1, 2021
Refunds:
Town:
Peter, Jenna, Group 1, Administrative Secretary
One (1) Year, Seven (7) Months Creditable Service (9/18/2019-5/14/2021)
Total Refund Including FWT: $6,739.65
Rollovers:
School:
Boudreau, Laura, Group 1, Cafeteria Worker
Four (4) Years, Two (2) Months Creditable Service (1/6/2004-3/13/2008)
Total Rollover: $2,430.46
Retirements:
Town:
Botieri, Michael, Group 4, Police Chief
Thirty-Five (35) Years, Eight (8) Months of Creditable Service
Superannuation Retirement: opt c
Retirement Date: June 1, 2021
Caraher, Paul, Group 4, Detective
Thirty-Two (32) Years Creditable Service
Superannuation Retirement: opt c
Retirement Date: June 28, 2021
School:
Hoffer, Christine, Group 1, Paraprofessional
Ten (10) Years and Two (2) Months Creditable Service
Superannuation Retirement: opt b
Retirement Date: June21, 2021
Randlett, Robin, Group 1, Paraeducator ASD Program
Ten (10) Years and Three (3) Months Creditable Service
Superannuation Retirement: opt b
Retirement Date: June 21, 2021
Foley, Judith, Group 1, 2021
Twenty-One (21) Years, Nine (9) Months Creditable Service
Superannuation Retirement: opt c
Retirement Date: June 28, 2021
Teles, Cynthia, Group 1, IMC Paraeducator
Twenty-Seven (27) Years, Nine (9) Months Creditable Service
Superannuation Retirement: opt b
Retirement Date: June 21, 2021
Mooney, Jean, Group 1, CCT&E Financial Secretary
Ten (10) Years of Creditable Service
Superannuation Retirement: opt b
Retirement Date: August 31, 2021
Executive Session:
Pursuant to MGL Chapter 30A, Section 21 (a)(3), the Board will enter into Executive Session to discuss ongoing litigation.