March 2023 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:
Section I: Regular Business:
Minutes:
Minutes of November 18, 2022 Regular Session
Minutes of November 18, 2022 Executive Session
Minutes of December 16, 2022 Executive Session
Minutes of January 27, 2023 COLA Vote
Warrants:
Warrant #12 Dated December 31, 2022 $ 2,732,713.58 Final
Warrant # 1 Dated January 31, 2023 $ 2,600,344.78 Final
Warrant # 2 Dated February 28, 2023 $ 5,541,365.33 Partial
Warrant #3 Dated March 31, 2023 $ 2,722,859.41 Partial
Warrant #4 Dated April 30, 2023 $ 6,753.00 Partial
Trial Balance as of January 31, 2023 $ 228,051,860.24
December 2022 Accounting Reports Presented to Board for Review:
Rockland Trust Checking & Money Market Acct Statements
Treasurer’s Reconciliations of RTC Checking & Money Market Accts
Trial Balance
Cash Receipts
Cash Disbursements
Adjustments
January 2023 Accounting Reports Presented to Board for Review:
Rockland Trust Checking & Money Market Acct Statements
Treasurer’s Reconciliations of RTC Checking & Money Market Accts
Trial Balance
Cash Receipts
Cash Disbursements
Adjustments
Public Comment:
New/Old Business:
PERAC Memos:
Memo #9/2023: Tobacco Company List
Memo #10/2023: Mandatory Retirement Board Member Training – 2nd Qtr 2023
2022 PERAC Annual Statement:
Board to review 2022 PERAC Annual Statement & supporting schedules.
Investments:
Portfolio Allocation and Performance Review
2023 Annual Vendor Disclosures Submitted:
Acadian
Aristotle - Value Equity
Aristotle - International Equity
BlackRock
Boston Trust
Columbia
Fiducient Advisos
Lazard
Rhumbline Advisors
Wellington Management
Westfield Capital
Wilmington Trust
Section II: Membership:
New Hires:
Town:
9% Fisher, Paul, Group 1, Maintenance Worker
Perm. Full-time: $1,081.72 weekly
Start Date: February 13, 2023
9% Greene, Richard, Group 1, Building Maintenance Craft Person
Perm. Full-time: $1,276.14 weekly
Start Date: March 20, 2023
School:
9% Reddington. Brinley, Group 1, Paraprofessional
Perm. Full-time: $1159.26 bi-weekly
Start Date: March 24, 2023
9% Correa, Jon, Group 1, Custodian
Perm. Full-time: $1,804.00 bi-weekly
Start Date: February 27, 2023
9% D’Andrea, Noreen, Group 1, Paraprofessional
Perm. Full-time: $1,341.86 bi-weekly
Start Date: February 27, 2023
9% Sass, Rebecca, Group 1, Paraprofessional
Perm. Full-time: $1,294.39 bi-weekly
Start Date: March 6, 2023
Refunds:
School:
Gonzalez, Carmen, Group 1, Paraprofessional
Refund of deductions paid to the Retirement System for supplemental pay while receiving Workers’ Compensation benefits.
Total Refund: $45.90
Markley, David, Group 1, Computer Technician
One (1) Year, Four (4) Months Creditable Service (8/16/2021-1/6/2023)
Total Refund Including FWT: $9,752.50
Veiga, Dennis, Jr. Group 1, Custodian
Refund of deductions paid to the Retirement System for supplemental pay while receiving Workers’ Compensation benefits.
Total refund including FWT: $145.57
Transfers:
School:
Leavitt, Kyle, Group 1, Computer Lab Aide
Four (4) Years, Ten (10) Months Creditable Service (10/6/2014-8/27/2019)
Total Transfer to MTRS: $16,023.70
Buybacks:
Town:
Kevin Forge, Group 1, Dispatcher, has requested to purchase three (3) months of creditable service for the period of 5/28/1994-9/10/1994 for prior seasonal service as a Seasonal Police Officer with the Town of Plymouth. The total buyback amount is $711.12.
Retirements:
Town:
Deblasio, Barry, Group 1, Director of Community Resources
Twenty (20) Years, Six (6) Months Creditable Service
Superannuation Retirement: option c
Retirement Date: April 14, 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 Forrest Berardi.
Pursuant to MGL Chapter 30A, Section 21 (a)(1), The Board will enter into Executive Session to vote the Involuntary Accidental/Ordinary Disability Retirement Application of Michael Kane.
Pursuant to MGL Chapter 30A, Section 21 (a)(1), The Board will enter into Executive Session to hold an Evidentiary Hearing for the Accidental Disability Retirement Application of retired Fire Captain, Paul Alden.