November 2020 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: karry@plymouthretirement.com

Section I: Regular Business:

Warrants:                        

Warrant #9 Dated September 30, 2020                                              $   7,466,688.37 Final

Warrant #10 Dated October 31, 2020                                                 $   1,996,551.50 Partial         

Warrant #11 Dated November 30, 2020                                             $      202,963.18 Partial

Warrant #12 Dated December 31, 2020                                             $         6,180.00 Partial                                                                     

Trial Balance as of September 30, 2020                                             $ 200,107,639.83       

September 30, 2020 Accounting Reports Presented to Board for Review:

Trial Balance

Cash Receipts

Cash Disbursements

Adjustments

Rockland Trust Statements: Money Market & Checking Acct

Treasurer’s Reconciliation – Money Market & Checking Acct

Public Comment:

New/Old Business:

PERAC Memo’s:

Memo #33/2020:         PROSPER Benefit Calculation is almost here!

Investments:

DiMeo Schneider & Associates, L.L.C.:

Tony Tranghese, CFA, Managing Partner, Director of Institutional Consulting
Performance Update – Capital Markets Flash

Annual Manager Reviews:

  1.  

            Nick Caldwell – Relationship Manager

Richard Williams – Portfolio Manager

  1.  

Greg Allison – Senior Client Portfolio Manager

Jake Passero – U.S. Institutional Sales & Service

  1.  

            Scott Brymer – Senior Portfolio Manger

Renee Hoffman– Consultant Relations

  1.  

            Jay Foley – Manager Marketing and Client Service

Garth Johnson – Senior Health Care Investor

  1.  

            Elise Jadhav – Investor Services Manager

Section II: Membership:

New Hires:

Town:

Casey, Kelsey, Group 1, Assistant Library Director

Perm. Full-time: $1,302.96 weekly

Start Date: November 9, 2020

Nye, Michael, Group 1, Fire Apparatus Mechanic

Perm. Full-time: $1,106.83 weekly

Start Date: November 30, 2020

Pacheco, Manuel, Group 1, Water Quality and Service Manager

Perm. Full-time: $1,407.20 weekly

Start Date: November 2, 2020

Wilson-Medeiros, James, Group 1, Maintenance Worker

Perm. Full-time: $835.54 weekly

Start Date: October 26, 2020

School:

Harnais, Kimberly, Group 1, Payroll Specialist

Perm. Full-time: $2,732.80 bi-weekly

Start Date October 26, 2020

Shain, Karen, Group 1, Facilities Secretary

Perm. Full-time: $1,731.85 bi-weekly

Start Date: November 16, 2020

Transfers:

Town:

Bazarewky, Todd, Group 4, Police Officer

Transfer of additional deductions due to a retroactive contract settlement

Total Transfer to Barnstable County Retirement Board: $360.70

Fontaine, Alita, Group 4, Police Officer

Transfer of additional deductions due to a retroactive contract settlement

Total Transfer to Barnstable County Retirement Board: $19.73

Josephine, Brian, Group 4, Police Officer

Transfer of additional deductions due to a retroactive contract settlement

Total Transfer to Plymouth County Retirement Board: $656.72

McGonagle, Sean, Group 4, Police Officer

Transfer of additional deductions due to a retroactive contract settlement

Total Transfer to State Retirement Board: $121.07

Parker, Ryan, Group 4, Police Officer

Transfer of additional deductions due to a retroactive contract settlement

Total Transfer to State Retirement Board: $710.91

Savery, Dawn, Group 1, Dispatcher

Transfer of additional deductions due to a retroactive contract settlement

Total Transfer to State Retirement Board: $21.11

Refunds:

Town:

Ayers, Katherine Group 4, Police Officer

Refund of additional deductions due to retroactive contract settlement

Total Refund Amount Including FWT: $439.25

Ferguson, Joel, Group 4, Police Officer

Refund of additional deductions due to retroactive contract settlement

Total Refund Amount: $139.53

Golden, Nicholas, Group 4, Police Officer

Refund of additional deductions due to retroactive contract settlement

Total Refund Amount: $106.36

Hallett, James, Group 1, Dispatcher

Refund of additional deductions due to retroactive contract settlement

Total Refund Amount: $24.04

Walsh, Brett, Group 4, Police Officer

Refund of additional deductions due to a retroactive contract settlement

Total Refund Amount Including FWT: $270.71

School:

Caple, Kimberly, Group 1, PFN Family Services Coordinator

One (1) Year, Nine (9) Months (9/5/2017-6/17/2019)

Total Refund Including FWT: $7,116.82

Eno, Steven, Group 1, Custodian

One (1) Year Creditable Service (10/15/2020 – 10/30/2020)

Total Refund Including FWT: $4,356.51

Souza, Nicole, Group 1, Paraeducator

Nine (9) Months Creditable Service (9/3/2019-6/19/2020)

Total Refund Including FWT: $1,972.53

Rollovers:

Town:

McGrath, David, Group 4, Police Officer

Rollover of additional deductions due to a retroactive contract settlement

Total Rollover Amount: $343.11

Buybacks:

School:

Adduci, Christine, Group 1, Paraeducator, has requested to purchase six months of prior service with the School Department from February 2, 2020 through June 19, 2020. Total Buyback Amount: $782.05

Retirements:

Town:

Fistori, Marilyn, Group 1, Board of Health Senior Clerk      

Twenty (20) Years, Seven (7) Months Creditable Service

Superannuation Retirement, opt b

Retirement Date: November 6, 2020

Kennedy, Cynthia, Group 1, Dispatcher

Thirty-Two (32) years, Eight (8) Months Creditable Service

Superannuation Retirement: opt c

Retirement Date: November 15, 2020

School:

Polleys, Laura, Group 1, Payroll Specialist

Eighteen (18) Years, One Month Creditable Service

Superannuation Retirement: opt b

Retirement Date: November 20, 2020