June 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 May 31, 2024                                                       Regular Session    

Warrants:

Warrant #4 Dated April 30, 2024:                              $ 38,192,148.22          Final

Warrant #5 Dated May 31, 2024                                $   2,425,234.07          Partial

Warrant #6 Dated June 30, 2024                                $        42,144.66          Partial

Warrant #7 Dated July 31, 2024                                 $  4,556,955.59           Partial        

 

Trial Balance as of April 2024:                      $255,305,346.64                                                                                            

April 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 #14/2024: Tobacco Company List

Investments:

Portfolio Update and Review

PERAC Emerging Issues Forum:

 

Save The Date: this year’s Emerging Issues Forum will be held at the DoubleTree by Hilton in Westborough, MA on Wednesday, September 18, 2024. Board to vote attendance.

 

Third Party Death Audit:

 

Board to discuss hiring The Berwyn Group to provide death audits of retirees and provide a weekly report.  This service would alleviate the need for retirees to obtain a notary signature/stamp on their annual affidavits and would help prevent funds being disbursed to deceased members during the monthly payroll cycle.

 

Section II: Membership:

 

New Hires:

 

Town:

 

9%       Fleming, Robert, Group 1, Plumbing and Gas Inspector

            Perm. Full-time: $1,254.60 weekly

            Start Date: June 3, 2024

 

Retirements:

 

Town:

 

Peterson, Walter, Group 4, Police Officer

Seventeen (17) years, Nine (9) Months Creditable Service

Superannuation Retirement, opt C

Retirement Date: July 1, 2024

 

Tavekelian, Stephen, Group 4, Police Lieutenant

Thirty-Three (33) Years, Ten (10) Months Creditable Service

Superannuation Retirement: opt. C

Retirement Date: July 7, 2024

 

School:

 

Caruke, Kathleen, Group 1, Special Needs Paraprofessional

Eighteen (18) Years, Ten (10) Months Creditable Service

Superannuation Retirement: opt. B

Retirement Date: June 13, 2024

 

Martin, Elise, Group 1, Paraprofessional/Marketing School Store

Twenty-Two (22) Years Creditable Service

Superannuation Retirement: opt B

Retirement Date: June 13, 2024

Executive Session:

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

into Executive Session to discuss ongoing litigation.