October 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 July 30, 2021 Regular Session
Minutes of July 30, 2021 Executive Session
Minutes of August 20, 2021 Executive Session
Minutes of August 20, 2021 Regular Session
Warrants:
Warrant #8 Dated August 31, 2021 $ 14,531,539.10 Final
Warrant #9 Dated September 30, 2021 $ 5,506,313.36 Partial
Warrant #10 Dated October 31, 2021 $ 173,336.70 Partial
Warrant #11 Dated November 30, 2021 $ 6,365.40 Partial
Trial Balance as of August 31, 2021: $ 241,374,032.
August 2021 Accounting Reports Presented to Board for Review:
Trial Balance
Cash Receipts
Cash Disbursements
Adjustments
Rockland Trust Statements: Money Market & Checking Acct
Treasurer’s Rockland Trust Reconciliations
Public Comment:
New/Old Business:
2022 Budget:
Board to review Retirement Office 2022 Draft Budget
Proposed Staff Bylaw Amendments:
Board to review and discuss proposed staff bylaw changes.
Actuarial Valuation:
Board to discuss the preparer for the next Actuarial Valuation & GASB 67& 68 Statements.
PERAC Memos:
Memo #25/2021: Tobacco Company List
Memo #26/2021: Mandatory Retirement Board Member Training – 4th Quarter 2021
Memo #27/2021: Appropriation Data Due October 31, 2021
Memo #28/2021: Buying Back Elected Official Service Time
Memo #29/2021: Expansion of Post-Retirement Work in the Public Sector
Investments:
Annual Investment Manager Performance Reviews:
Wellington Management 9:30 a.m.
RhumbLine Advisers 9:45 a.m.
Columbia Management Investment Adv. LLC 10:00 a.m.
Section II: Membership:
Membership Policy:
Board to review and discuss the amended Membership Policy.
Section 9 Application:
Joan Flynn, widow of Andrew Flynn, Jr, former Group 4, Fire Chief, has applied for Section 9 survivor benefits. Mr. Flynn retired under ADR, on January 31, 1985, under the “Heart Law”.
New Hires:
Town:
9% Bowie, Jason, Group 1, PC Network Technician
Perm. Full-time: 1,259.21 weekly
Start Date: October 18, 2021
9% Daley, Beitris, Group 1, Library Technician
Perm. Full-time: $652.80 weekly
Start Date: October 18, 2021
9% Dancause, Spencer, Group 1, Zoning Inspector
Perm. Full-time: $981.34 weekly
Start Date: October 18, 2021
9% Ford, Laura, Group 1, Library Associate
Perm. Full-time: $841.24 weekly
Start Date: October 12, 2021
9% Francioso, Gabriella, Group 1, Dispatcher
Perm. Full-time: $831.16 weekly
Start Date: October 12, 2021
9% Horvath, Christian, Group 1, Director of Emergency Management
Perm. Full-time: $1,348.24 weekly
Start Date: October 13, 2021
9% Logue, Kenneth, Group 1, Master Mechanic
Perm. Full-time: $1,049.28 weekly
Start Date: November 1, 2021
9% Renaud, Theresa, Group 1, Administrative Secretary-Assessor’s
Perm. Full-time: $798.28 weekly
Start Date: October 4, 2021
9% Villano, Ryan, Group 1, Laborer-Highway
Perm. Full-time: $803.74 weekly
Start Date: October 12, 2021
School:
9% Feeney, Todd, Custodian Floater
Perm. Full-time: $1,475.50 bi-weekly
Start Date: October 4, 2021
9% Harlow, Ellis, Group 1, Custodian
Perm. Full-time: 1,655.65 bi-weekly
Start Date: October 4, 2021
9% Ladner, Melissa, Group 1, Paraeducator
Perm. Full-time: $1,200.02 bi-weekly
Start Date: September 20, 2021
9% Mahoney, Victoria, Group 1, Paraeducator
Perm. Full-time: $1,221.80 bi-weekly
Start Date: August 31, 2021
Refunds:
Town:
McGarry, Denis, Group 1, Motor Equipment Operator-Highway
One (1) Year, Two (2) Months Creditable Service (10/5/2015-2/6/2017)
Total Refund Including FWT: $4,445.74
School:
Johnson, Gillian, Group 1, Paraeducator
Twelve (12) Years Creditable Service (9/30/2002-10/20/2014)
Total Refund Including FWT: $11,004.37
Michael Martin – Beneficiary Diane Martin
Death Refund paid to Diane Martin on behalf of former member Michael Martin
Total Refund Including FWT: $40,777.64
Rollovers:
Town:
Lipe, Henry, Group 1, Director of Emergency Management
Five (5) Years, Two (2) Months Creditable Service (7/11/2016-9/24/2021)
Total Rollover Amount: $41,192.42
Buybacks
Town:
Keane, Cornelius, Group 1, Inspector/Lister, has requested to purchase four (4) years of military service. Total military buyback is $20,411.87
School:
Travassos, Christine, Group 1, In-School Suspension Supervisor, has requested to purchase seven (7) years, three (3) months creditable service for the period of April 2, 2008 through May 17, 2021 for her part-time service with the school department. Total Buyback Amount is $28,015.89
Transfers:
School:
Wetherell, Kelli, Group 1, Registered Behavior Technician
One (1) Year, Seven (7) Months Creditable Service (11/5/2018-6/19/2020)
Total Transfer to Plymouth County Retirement Board: $8,310.96
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 David Feurtado Jr.
Pursuant to MGL Chapter 30A, Section 21 (a)(1), The Board will enter into Executive Session to vote the Accidental Disability Retirement Application of Christopher Tripp.