June 21, 2019 Retirement Board Meeting

Section I: Regular Business:

Warrants: 

Warrant #5 Dated May 31, 2019                                            $      1,764,818.96 Partial

Warrant #6 Dated June 30, 2019                                            $           27,605.34 Partial

Warrant #7 Dated July 31, 2019                                             $             6,000.00 Partial  

Trial Balance as of April 30, 2019:                $172,829,639.17                                            

Public Comment:

New/Old Business

PERAC MEMOS:

Memo #17/2019:        Tobacco Company List

Investments:

Anthony Tranghese will give a Portfolio Update and Review.

Section II: Membership:

New Hires:

Town:

9%       Best, Theresa, Group 4, Police Officer

            Perm. Full-time: $996.32 weekly

            Start Date: May 28, 2019

9%       Hegerich, Jason, Group 1, Motor Equipment Operator

Perm. Full-time: $772.525 weekly

Start Date: June 3, 2019

9%       Lopes, Sara, Group 1, Recreation Assistant

            Perm. Full-time: $778.33 weekly

            Start Date: May 28, 2019

9%       Sird, Barbara, Group 1, Inspector/Lister

            Perm. Full-time: $924.74 weekly

            Start Date: June 4, 2019

Rollovers:

School:

Vincent, Yona, Group 1, Paraeducator

Thee (3) Years, Eight (8) Months Creditable Service (9/1/2015-5/28/2019)

Total Rollover: $8,086.86

3(8)(c ) Liability:

Kelly Kunkle, former Paraprofessional for Plymouth Public Schools is currently a member of the MA Teachers’ Retirement System.  Ms. Kunkle worked as a part-time Paraprofessional from March 14, 2011 to March 1, 2013.  Ms. Kunkle was not allowed membership into the Plymouth Retirement System.  If proper repayment of deductions and interest is made, will the Board take 3(8)(c ) Liability for one (1) year of service?

Discussion: Miss Kunkle was on the May 31, 2019, agenda. Further discussion is needed on this request.

Retirements:

Town:

Carey, Brian, Group 4, Lieutenant Plymouth Fire

Thirty-Two Years (32), One (1) Month Creditable Service

Superannuation Retirement opt: c

Retirement Date: 7/8/2019

Section III:

Executive Session:

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