June 2023 Retirement Board Meeting

As a result of the extension of the Open Meeting Law Waivers, and while the Board transitions from virtual meetings only to in-person meetings, this meeting of the Plymouth Retirement Board is being conducted in the hybrid fashion. Those who wish to attend this meeting in-person, the meeting begins at 8:30 a.m.

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 24, 2023                                    Regular Session

Minutes of March 31, 2023                                        Regular Session                                             

Minutes of March 31, 2023                                        Executive Session

Minutes of April 28, 2023                                          Regular Session

Minutes of May 26, 2023                                           Executive Session

Minutes of May 26, 2023                                           Regular Session                                 

Warrants:                      

Warrant #4 Dated April 30, 2023                                           $4,853,090.49 Final

Warrant #5 Dated May 31, 2023                                            $2,330,875.37 Partial   

Warrant #6 Dated June 30, 2023                                            $     92,260.80 Partial

Warrant #7 Dated July 30, 2023                                             $       6,753.00 Partial

Trial Balance as of April 30, 2023                                         $  229,25,404.66

Accounting & Banking Reports Presented to Board for Review:

February 2023 RTC Checking & Money Market Accts Treasurer’s Reconciliations

March 2023 RTC Checking & Money Market Accts Treasurer’s Reconciliations

April 2023 RTC Checking & Money Market Accts Treasurer’s Reconciliations

April 2023 Rockland Trust Checking & Money Market Acct Statements

April 2023 Trial Balance

April 2023 Cash Receipts

April 2023 Cash Disbursements

April 2023 Adjustments

Public Comment:

New/Old Business:

PERAC Memos:

Memo #13/2023:        2022 Salary Verification Request

Memo #14/2023:         Tobacco Company List

Investments:

Portfolio Allocation and Performance Review

Section II: Membership:

New Hires:

Town:

9%       Anderson, Deirdre, Group 1, Administrative Secretary-Water Division

            Perm. Full-time $930.92 weekly

            Start Date: June 20, 2023

 

9%       Andruchow, Barbara, Group 1, Library Technician

            Perm. Full-time: $ 794.85 weekly

            Start Date: May 30, 2023

 

School:

 

9%       Bartholomew, Allison, Group 1, Secretary-Student Services

            Perm. Full-time: $1,669.58 bi-weekly

            Start Date: July 3, 2023

 

9%       Craig, Kimberly, Group 1, Cafeteria Worker

Perm. Full-time: $980.20 bi-weekly

Start Date: August 28, 2023

 

9%       Duffy, Erica, Group 1, Paraprofessional

            Perm. Full-time: $1,116.99 bi-weekly

            Start Date: August 28, 2023

 

9%       Elwell, Lily, Group 1, Paraprofessional

            Perm. Full-time: $1,738.80 bi-weekly

            Start Date: August 28, 2023

           

 

9%       Schmidt, Alexandra, Group 1, Main Office Secretary

Perm. Full-time: $1,908.25 bi-weekly

Start Date: July 1, 2023

 

Refunds:

 

Town:

 

Guevremont, Richard, Group 4, Police Officer

Two (2) Years, Ten (10) Months Creditable Service (4/1/2019-2/11/2022)

Total Refund Including FWT: $18,840.57

 

School:

 

Paolini, Kathleen, Group 1, Paraprofessional

Six (6) Years, Two (2) Months Creditable Service (1/12/2015-3/29/2021)

Total Refund Including FWT: $10,925.54

 

Transfers:

 

Town:

 

Harrington, Shane, Group 4, Police Officer

Three (3) Years, Eight (8) Months Creditable Service (4/11/2016-12/23/2019)

Total Transfer to State Retirement Board: $22,796.28

 

School:

 

Groom, Jessica, Group 1, Paraprofessional

One (1) Year Creditable Service (9/1/2015-9/1/2016)

Total Transfer to MA Teachers’ Retirement: $1,465.37

 

Pacheco, Caitlin, Group 1, Occupational Therapist

Three (3) Years, Eleven (11) Months Creditable Service (9/20/2014-8/29/2018)

Total Transfer to MA Teachers’ Retirement: $13,190.55

 

Zacchini, Beth, Group 1, Paraprofessional

Two (2) Years, Five (5) Months Creditable Service (9/1/2015-2/16/2018)

Total Transfer to MA Teachers’ Retirement: $5,691.34

 

Buybacks:

 

Town:

 

James Burke, Group 4, Police Officer, has requested to buyback two (2) years, five (5) months of prior seasonal service with the Harbormaster for the period of June 5, 2014, through March 31, 2019.

Total Buyback Amount is $7,271.72

 

Stephen Gibbons, Group 4, Police Sergeant, has requested to buyback five (5) months of prior service for the period of February 13, 1995 through July 15, 1995 with the Plymouth County Retirement System, (PCRB).  PCRB will take liability for this service.

Total Buyback Amount is $1820.42

 

School:

 

Retirements:

 

Town:

 

Joyce, John, Group 4, Fire Lieutenant

Thirty-One (31) Years, Seven (7) Months Creditable Service

Superannuation Retirement: opt C

Retirement Date: August 8, 2023

 

School:

 

Roderick, Nancy, Group 1, Educational/Financial Secretary

Thirteen (13) Years, One (1) Month Creditable Service

Superannuation Retirement: option B

Retirement Date: June 30, 2023

 

Paolini-Rothberg, Rita, Group 1, Kindergarten Para

Thirteen (13) Years, Ten (10) Months Creditable Service

Superannuation Retirement: option A

Retirement Date: June 26, 2023

 

Flaherty, Theresa, Group 1, CNA/Health Aide

Twenty-One (21) Years, Seven (7) Months Creditable Service

Superannuation Retirement: option C

Retirement Date: June 16, 2023

 

Ignazio, Eileen, Group 1, Library Paraprofessional

Twenty-Eight (28) Years, Three Months Creditable Service

Superannuation Retirement: option B

Retirement Date: June 16, 2023

 

Coutts, Judith, Group 1, Paraprofessional

Nineteen (19) Years, Six (6) Months Creditable Service

Superannuation Retirement: opt B

Retirement Date: June16, 2023

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 vote the Accidental Disability Retirement Application of Sonya Lopes.