November 2025 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 31, 2025                                      Regular Session

Minutes of October 31, 2025                                      Executive Session

                      

Warrants:

Warrant #10 Dated October 31, 2025                         $   2,487,651.11 Partial

Warrant #11 Dated November 30, 2025                     $      145,776.81 Partial

Warrant #12 Dated December 31, 2025                     $          7,164.26 Partial

 

Trial Balance as of September 30, 2025:                                $305,134,420.37

 

October 2025 Accounting & Banking Documents:

 

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:

PERAC will be conducting an audit for the period of 2019 – 2023. Audit will begin on December 1, 2025

 

PERAC Memos:

Memo #29/2025:         New Pension Fraud Poster

Memo #30/2025:         Follow-up to Memo No. 28/2025 re: G.L. c. 32, Section 100 and COLA’s

Memo #31/2025:         Forfeiture of Retirement Allowance for Dereliction of Duty by Members

 

Investments:

 

Annual Investment Manager Reviews:

Wellington

BlackRock

PRIM/PRIT

Pension Fund and OPEB Fund Performance Update through October 31, 2025

Section II: Membership:

New Hires:

Town:

9%       Enos, Anthony, Group 1, Maintenance Worker – Parks

            Perm. Full-time: $1,046.99 weekly

            Start Date: November 7, 2025

 

School:

 

9%       Briand, Helen, Group 1, Paraprofessional

            Perm. Full-time: $1,340.01 bi-weekly

            Start Date: November 5, 2025

 

9%       Muraca, Marie, Group 1, Paraprofessional

            Perm. Full-time: $1,240.79 bi-weekly

            Start Date: August 26, 2025

Refunds:

Town:

Kilcup, Casey, Group 4, Police Officer

Three (3) Years, Eleven (11) Months Creditable Service (11/1/2021-10/17/2025)

Total Refund Including FWT: $30,062.65

Transfers:

School:

Malone, Shannon-Rose, Group 1, Paraprofessional

Five (5) Years, Nine (9) Years (8/29/2016-6/27/2022)

Total Transfer to MA Teachers’ Retirement System: $14,160.53

Section III: Executive Session:

Pursuant to MGL Chapter 30A, Section 21 (a)(3), the Board will enter into Executive Session to discuss ongoing litigation strategy.