November 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:
Warrants:
Warrant #9 Dated September 30, 2021 $ 6,384,210.67 Final
Warrant #10 Dated October 31, 2021 $ 2,055,033.05 Partial
Warrant #11 Dated November 30, 2021 $ 2,836,095.90 Partial
Warrant #12 Dated December 31, 2021 $ 6,365.40 Partial
Trial Balance as of September 30, 2021: $ 243,211,277.15
September 2021 Accounting Reports Presented to Board for Review:
Rockland Trust - Checking & Money Market Acct Statements
Treasurer’s Reconciliation – RTC Checking & Money Market Accts
Q3 Investment Worksheets
Trial Balance
Cash Receipts
Cash Disbursements
Adjustments
Q3 GL Reconciliations
Public Comment:
New/Old Business:
2022 Draft Budget:
2022 Draft Budget for review and vote.
COLA Increase Discussion:
John Boorack, PERAC Actuary, will be present to discuss his report and the impact of increasing the COLA base, as well as the impact on the funding schedule with the Board.
RFP for Actuarial Services:
Board to discuss issuing an RFP for actuarial services.
PERAC Audit Follow-up:
PERAC Audit follow-up letter for 2014 - 2018
PERAC Memos:
Memo #30/2021: Investment Fraud Alert
Memo #31/2021: 2021 Pension Fraud Prevention Campaign
Investments:
Anthony Tranghese from Fiducient Advisors will give a Portfolio Update & Review
Annual Manager Performance Reviews:
Westfield Capital Management 9:30 a.m.
Blackrock 9:45 a.m.
PRIT 10:00 a.m.
Section II: Membership:
S. 91A Correspondence:
Letter to Kenneth Rood regarding Section 91A excess earnings.
New Hires:
Town:
9% Gendreau, Joshua, Group 1, PC Network Technician
Perm. Full-time: $1259.21 weekly
Start Date: November 16, 2021
9% Kilcup, Casey, Group 4, Police Officer
Perm. Full-time: $1,093.58 weekly
Start Date: November 1, 2021
9% MacQuarrie, Mary, Group 1, PC Network Technician
Perm. Full-time: $1,259.21 weekly
Start Date: November 1, 2021
9% Murphy, Lawrence, Group 1, Building Custodian
Perm. Full-time: $819.81 weekly
Start Date: November 8, 2021
9% Thai, Anthony, Group 1, Help Desk Technician
Perm. Full-time: $1,165.93 weekly
Start Date: November 8, 2021
School:
9% Andrews, Adriana, Group 1, Paraeducator
Perm. Full-time: $949.85 bi-weekly
Start Date: October 25, 2021
9% Bump, Angela, Group 1, Paraeducator
Temp. Full-time: $907.38 bi-weekly
Start Date: November 3, 2021
9% Curtin, Michelle, Group 1, Paraeducator
Temp. Full-time: $1,188.49 bi-weekly
Start Date: November 3, 2021
9% Reading, Madelaine, Group 1, Paraeducator
Temp. Full-time: $847.49 bi-weekly
Start Date: November 1, 2021
9% Sherman, Patricia, Group 1, Paraeducator
Perm. Full-time: $803.06 bi-weekly
Start Date: November 1, 2021
9% Whyte, Jessica, Group 1, Paraeducator
Temp. Full-time: $847.49 bi-weekly
Start Date: November 3, 2021
Refunds:
Town:
Lynch, Jeffrey, Group 1, Motor Equipment Operator
One (1) Year, (9) Months Creditable Service (9/8/2020-10/12/2021)
Total Refund Including FWT: $7,815.90
Myette, John, Group 1, Laborer
Two (2) Years, Eight (8) Months Creditable Service (9/10/2018-5/28/2021)
Total Refund Including FWT: 11,388.03
Transfers:
Town:
Bennett, Alyssa, group 4, Police Officer
One (1) Year, Five (5) Months Creditable Service (2/17/2020-8/8/2021)
Total Transfer to Bristol County Retirement Board: $9,289.54
Fallon, Kaitlin, Group 1, Administrative Secretary – Police
Three (3) Years, Seven (7) Months Creditable Service (2/5/2018-9/11/2021)
Total Transfer to State Board of Retirement: $14,550.23
School:
Bernard, Jeffrey, Group 1, Maintenance Custodial Floater
Five (5) Years, Eleven (11) Months Creditable Service (8/10/2015-7/30/2021)
Total Transfer to Barnstable Country Retirement: $25,383.55
Drake, Stephen, Group 1, Custodian
One (1) Month Creditable Service (8/23/2021-10/20/2021)
Total Transfer to Plymouth County Retirement Association: $608.05
Rollovers:
PHA:
Melkonian, Linda, Group 1, Administrative Assistant
Four (4) Years, Four (4) Months Creditable Service (9/3/2013-4/1//2014 and 9/5/2016-6/19/2020)
Total Rollover Amount: $14,279.87
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 Daniel Comeau.