June 2022 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 25, 2022                                                Regular Meeting

Warrants:

Warrant #4 Dated April 30, 2022                                           $   3,095,812.98 Final

Warrant #5 Dated May 31, 2022                                            $   2, 184,480.28 Partial

Warrant #6 Dated June 30, 2022                                            $        164,682.24 Partial

Warrant #7 Dated July 31, 2022                                             $           6,556.00 Partial

Trial Balance as of April 30, 2022                                         $ 244,322,264

April 2022 Accounting Reports Presented to Board for Review:

Rockland Trust - Checking & Money Market Acct Statements

Treasurer’s Reconciliation – RTC Checking & Money Market Accts

Trial Balance

Cash Receipts

Cash Disbursements

Adjustments

Public Comment:

New/Old Business:

PERAC:

2021 PERAC Investment Report

PERAC Memos:

Memo #13/2022                      2021 Salary Verification Request

Memo #14/2022                      Supreme Judicial Court decisión in Vernava II - Attorney Sacco to discuss impact.

Memo #15/2022:                     Tobacco Company List

Memo #16/2022:                     Calendar Year 2022 Waiver of Section 91 Limits for Superannuation Retirees in the Public Sector                       

Investments:

Anthony Tranghese from Fiducient Advisors will give a Portfolio Update & Review and, discuss the investing of the upcoming Appropriation.

Section II: Membership:

New Hires:

Town:

9%       Bennington, Natalie, Group 1, Library Technician

            Perm. Full-time: $665.85 weekly

            Start Date: June 6, 2022

9%       Genao, Silvio, Group 1, Human Resources Director

            Perm. Full-time: $2,500.00 weekly

            Start Date: May 31, 2022

9%       Nunes, Peter, Group 1, Laborer-Cemetery

            Perm. Full-time: $819.81 weekly

            Start Date: June 6, 2022 (Transfer from School)

School:

9%       Guerra, Robert, Group 1, Custodian

            Perm. Full-time: $1,688.77 bi-weekly

            Start Date: June 7, 2022

9%       Holton, Douglas, Group 1, Custodian

            Perm. Full-time: $1,688.80 bi-weekly

            Start Date: June 21, 2022

9%       Steffy, Brooks, Group 1, Custodian

            Perm. Full-time: $1,688.77 bi-weekly

            Start Date: May 31, 2022

9%       Young, James, Group 1, Maintenance Custodial Floater

            Perm. Full-time: $1,688.80 bi-weekly

            Start Date: June 21, 2022

Refunds:

Town:

Fisher, Paul, Group 1, Maintenance Worker

Eight (8) Years, Eleven (11) Months Creditable Service (6/10/2013-6/3/2022)

Total Refund Including FWT: $42,695.49

Transfers:

Town:

School:

Bock, Bryan, Group 1, Asst. Director Accountability & Measurement

Three (3) Years Creditable Service (7/3/2017-7/17/2020)

Total Transfer to Plymouth County Retirement: $55,906.71

Godfrey, Christine, Group 1, Paraprofessional

One (1) Year Creditable Service (8/29/2016-8/29/2017)

Total Transfer to MTRS: $1,568.80

Nickerson, Laura, Group 1, School Nurse

One (1) Year, Ten (10) Months Creditable Service (10/22/2018-8/31/2022)

Total Transfer to MTRS: $13,491.48

Buybacks:

Town:

Sinclair, William, Group 2, Wiring Inspector, has requested to purchase three (3) years, eleven (11) months of military service. Total military buyback: $24,371.42.

Thai, Anthony, Group 1, Help Desk Technician, has requested a buyback of four (4) years, one (1) month of service for a prior refund with the Norfolk County Retirement System.  The Norfolk County Retirement System will take liability for this service time.

Total Buyback Amount: $21,431.36.

3(8)(c ) Liability:

Lynn M. Sullivan, Group 1, former Council on Aging Volunteer Coordinator from September 22, 1997, through April 1, 1999, is currently a member of the MA Teachers’ Retirement System.  Ms. Sullivan took a refund of her deductions on February 28, 2001.  If proper repayment of deductions and interest is made, will the Board take 3(8)(c ) Liability for one (1) year, five (5) months creditable service?

Retirements:

Town:

Messner, Anna, Group 1, Assistant Town Clerk

Thirteen (13) Years, Six (6) Months Creditable Service

Superannuation Retirement: option b

Retirement Date: June 30, 2022

Arrighi, Melissa, Group 1, Town Manager

Thirty (30) Years, Eleven Months Creditable Service

Superannuation Retirement: opt c

Retirement Date: July 29, 2022

School:

Ezrin, Jan Marie, Group 1, House Secretary

Twenty-Three (23) Years, Three (3) Months Creditable Service

Superannuation Retirement: opt b

Retirement Date: June 30, 2022

Jansson, Cynthia, Group 1, Special Education Secretary

Twenty-One (21) Years, Nine (9) Months Creditable Service

Superannuation Retirement: opt b

Retirement Date: June 30, 2022

McKenna, Linda, Group 1, Admin. Assistant to Assistant Superintendent H/R

Twenty-Five (25) Years. Nine (9) Months Creditable Service

Superannuation Retirement: opt ­­­­­­a

Retirement Date: June 30, 2022

Holt, Linda, Group 1, Accounting Specialist

Thirty-Seven (37) Years, One (1) Month Creditable Service

Superannuation Retirement: opt b

Retirement Date: July 15, 2022.

Monteiro, Karen, Group 1, House Secretary

Twenty-Nine (29) Years, Eight (8) Months Creditable Service

Superannuation Retirement: opt b

Retirement Date: June 30, 2022

Executive Session:

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