November 2024 Retirement Board Meeting
This meeting of the Town of Plymouth Retirement Board will be held in person.
Section I: Regular Business:
Minutes:
Minutes of October 25, 2024 Regular Session
Minutes of October 25, 2024 Executive Session
Warrants:
Warrant #9 Dated September 30, 2024 $6,668,461.04 Final
Warrant #10 Dated October 31, 2024 $3,272,333.88 Partial
Warrant #11 Dated November 30, 2024 $ 109,460.60 Partial
Warrant #12 Dated December 31, 2024 $ 6,955.59 Partial
Trial Balance as of September 30, 2024: $281,232,737.41
September 2024 Accounting & Banking Reports Presented to Board for Review:
Rockland Trust Checking & Money Market Acct Statements
Rockland Trust Checking & Money Market Acct Treasurer’s Reconciliations
Trial Balance
Cash Receipts
Cash Disbursements
Adjustments
Public Comment:
New/Old Business:
MACRS 2024 Fall Conference:
MACRS 2024 Fall Conference, December 8 – 11, 2024, Springfield Sheraton
PERAC Memos:
Memo #27/2024: Changes to Return to Service under G.L. c. 32, § 8
Memo #28/2024: Violent Assault Disability: Chapter 149 of the Acts of 2024
Memo #29/2024: FY26 Appropriation Questionnaire in PROSPER
Annual Investment Manager Reviews:
Westfield Capital Management – Justin Moscardelli / Mike Kinney
Boston Trust – Leanne Moore/Kai Smith
Investments:
- Performance Update and Review
- 2025 Private Equity Commitment
Section II: Membership:
New Hires:
Town:
9% Basler, Matthew, Group 4, Firefighter
Perm. Full-time: 1,192.14 weekly
Start Date: November 4, 2024
9% Batres, Joshua, Group 4, Firefighter
Perm. Full-time: $1,192.14 weekly
Start Date: November 4, 2024
9% Brown, Gareth, Group 4, Firefighter
Perm. Full-time: $1,192.14 weekly
Start Date: November 4, 2024
9% DePasquale, Anthony, Group 4, Firefighter
Perm. Full-time: $1,192.14 weekly
Start Date: November 4, 2024
9% Disher, Kevin, Group 4, Firefighter
Perm. Full-time: $1,192.14 weekly
Start Date: November 4, 2024
9% Ford, Kristin, Group 1, CPC/COPC Coordinator
Perm. Full-time: $1,192.59 weekly
Start Date: November 18, 2024
9% George, Derek, Group 4, Police Officer (Rehire)
Perm. Full-time: $1,457.60 weekly
Start Date: October 15, 2024
9% License, Jonathan, Group 4, Firefighter
Perm. Full-time: $1,192.14 weekly
Start Date: November 4, 2024
9% Pravati, Joseph, Group 4, Firefighter
Perm. Full-time: $1,192.14 weekly
Start Date: November 4, 2024
9% Rose, Steven, Group 1, Fire Mechanic (Rehire)
Perm Full-time: $1,571.61 weekly
Start Date: October 15, 2024
9% Smith, Andrew, Group 4, Firefighter
Perm. Full-time: $1,192.14 weekly
Start Date: November 4, 2024
School:
9% Cohen, James, Group 1, Custodian
Perm. Full-time: $1,998.40 bi-weekly
Start Date: November 25, 2024
9% Jansson, Natalie, Group 1, Cafeteria Worker
Perm. Full-time: $1,088.80 bi-weekly
Start Date: November 12, 2024
9% White, Samantha, Group 1, Paraeducator
Perm. Full-time: $1,225.15 bi-weekly
Start Date: November 12, 2024
Transfers:
Town:
Regalado, Noah, Group 4, Patrolman
One (1) Year, Seven (7) Months Creditable Service (2/6/2023-9/11/2024)
Total Transfer to State Retirement Board: $22,137.6
Buybacks:
Town:
Brumble, Joshua, Group 4, Firefighter, has requested to purchase four (4) years of Military Service. Total Military Buyback Amount is: $11,667.20.
Driscoll, George, Group 4, Police Lieutenant, has requested to purchase four (4) years of Military Service. Total Military Buyback Amount is $15,557.40.
Hargis, Michael, Group 4, Firefighter, has requested to purchase four (4) years of Military Service. Total Military Buyback Amount is $18,585.28
Provo, Craig, Group 4, Police Sergeant, has requested to purchase three (3) years, ten (10) months of Military Service. Total Military Buyback Amount is $14,030.98.
Tassinari, David, Group 4, Firefighter, has requested to purchase three (3) years, three (3) months of Military Service. Total Military Buyback Amount is $5,408.00.
Wilson, Emily, Group 1, Asst. Commissioner of Health and Human Services, has requested to purchase a prior refund of four (4) months service with the State Retirement Board. State Retirement Board will take liability for this service.
Total Buyback Amount: $3,141.81
Joseph Dello Russo, former Group 1 Building Maintenance Craft Person, has requested to purchase a prior refund with total service calculating to ten (10) years and eleven (11) months. Ten (10) years and eight (8) months of this service was with the Melrose Retirement Board and three (3) months service was with the Town of Plymouth.
Total Buyback Amount: $55,364.05
Retirements:
Town:
Machado, Daniel, Group 1, Special Heavy Equipment Operator
Thirty-Eight (38) Years, Two (2) Months Creditable Service
Superannuation Retirement: Opt. B
Retirement Date November 30, 2024
Kane, Gregory, Group 4, Deputy Chief
Thirty-two (32) Years, Two (2) Months Creditable Service
Superannuation Retirement: Opt. C
Retirement Date December 31, 2024
School:
Freitas, Christine, Group 1, School Secretary
Twenty-Three (23) Years, Nine (9) Months Creditable Service
Superannuation Retirement: Opt. B
Retirement Date: October 24, 2024
Fetzner, Mary-Lee, Group 1, Special Needs Aide
Nineteen (19) Years Creditable Service
Superannuation Retirement: Opt. B
Retirement Date: November 12, 2024
Executive Session:
Pursuant to MGL Chapter 30A, Section 21 (a)(3), the Board will enter into Executive Session to discuss ongoing litigation.