May 2021 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 February 26, 2021 Regular Session
Warrants:
Warrant #3 Dated March 31, 2021 $ 4,875,654.07 Final
Warrant #4 Dated April 30, 2021 $ 2,929,413.17 Partial
Warrant #5 Dated May 31, 2021 $ 1,264,068.77 Partial
Warrant #6 Dated June 30, 2021 $ 6,365.40 Partial
Trial Balance as of March 31, 2021 $ 219,228,934.65
February & March 2021 Accounting Reports Presented to Board for Review:
Trial Balance
Cash Receipts
Cash Disbursements
Adjustments
Rockland Trust Statements: Money Market & Checking Acct
Public Comment:
New/Old Business:
Investments:
Anthony Tranghese from DiMeo Schneider & Associates, L.L.C will give a Portfolio Update through April 2021 and Review of CORE Fixed Income RFP
GASB 67 & 68:
Board to review Statements GASB 67 & 68, prepared by KMS Actuaries.
Section II: Membership:
Membership Policy:
Board to review and discuss current membership policy with Atty. Sacco.
New Hires:
Town:
9% Goldberg, Joseph, Group 1, Memorial Hall Event Manager
Perm. Full-time: $1,206.44 weekly
Start Date: May 11, 2021
9% Mayo, Nicholas, Group 1, Director of Inspectional Services
Perm. Full-time: $1,923.07 weekly
Start Date: June 1, 2021
9% Pinard, Douglas, Group 1, Wastewater Superintendent
Perm. Full-time: $1,571.55 weekly
Start Date: April 27, 2021
9% Sholes, Sherrin, Group 1, Library Associate
Perm. Full-time: $841.24 weekly
Start Date: May 24, 2021
9% Wilson-Medeiros, Group 1, Administrative Secretary
Perm. Full-time: $798.28 weekly
Start Date: May 10, 2021
School:
9% Conant, Denise, Group 1, Paraeducator
Perm. Full-time: $812.30 bi-weekly
Start Date: June 1, 2021
9% Cushing, Megan, Group 1, Cafeteria Team Leader
Perm. Full-time: $698.15 bi-weekly
Start Date: April 28, 2021
PHA:
9% Lane-Webb, Heidi, Group 1, Program Assistant
Perm. Full-time: $1,538.25 bi-weekly
Start Date: April 5, 2021
Refunds:
Town:
Ault, Nicholas, Group 4, Police Officer
Two (2) Years Creditable Service (4/1/2019-4/19/2021)
Total Refund Including FWT: $11, 945.81
Ragan, James, Group 4, Police Officer
Three (3) Years, Nine (9) Months Creditable Service (8/9/2016-5/9/2020)
Total Refund Including FWT: $24,095.43
School:
Racicot, Ryan, Group 1, Paraeducator
Nine (9) Months Creditable Service (3/25/2019-1/3/2020)
Total Refund Including FWT: $1,228.43
Transfers:
Town:
O’Neill, Gerald, Group 1, Local Inspector B
One (1) Year, Three (3) Months Creditable Service (1/9/2018-4/17/2019)
Total Transfer to Hingham Retirement Board: $76,688.60
Sird, Barbara, Group 1, Inspector/Lister
One (1) Year, Ten (10) Months Creditable Service (6/4/2019-4/16/2021)
Total Transfer to Lexington Retirement Board: $9,590.58
Rollovers:
Town:
Gill, Lawrence, Group 1, Local Inspector B
One (1) Year, Six (6) Months Creditable Service (08/01/2016-02/13/2016)
Total Rollover Amount: $8,330.04
School:
DiSangro, Tara, Group 1, Data Management Secretary
Three (3) Years, Five (5) Months Creditable Service (11/26/2007-5/17/2011)
Total Rollover Amount: $15,614.18
Buybacks:
Town:
Stas, Brian, Group 4, Police Detective has requested to purchase Three (3) Years and Five (5) Months of creditable service for Intermittent Police Service from September 1, 1988, through February 1, 1992. Total Buyback Amount: $7,497.36.
School:
Walsh, Kara, Group 1, Security Receptionist has requested to purchase one (1) year, five (5) months creditable service for prior service with the School Department from August 30, 2018 – January 20, 2021. Total Buyback Amount: $2,478.14
Retirements:
Town:
Flood, Anthony, Group 4, Patrolman
Thirty-Three (33) Years, Ten (10) Months Creditable Service
Superannuation Retirement: opt c
Retirement Date: May 14, 2021
Stas, Brian, Group 4, Detective
Thirty-Two (32) Years Creditable Service
Superannuation Retirement: opt c
Retirement Date: June 4, 2021
School:
Ilacqua, Kathleen, Group 1, Part-Time Para-Educator
Twenty (20) Years, Seven (7) Months Creditable Service
Superannuation Retirement: opt b
Retirement Date: May 1, 2021
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 hold an Evidentiary Hearing for the Accidental Disability Application of Shawn Harmon.