October 2023 Retirement Board Meeting
This meeting of the Town of Plymouth Retirement Board will be held in person.
Section I: Regular Business:
Minutes:
Minutes of September 29, 2023 Regular Session
Minutes of September 29, 2023 Executive Session
Warrants:
Warrant #7 Dated July 31, 2023 $ 4,391,911.44 Final
Warrant #8 Dated August 31, 2023 $ 4,945,049.49 Final
Warrant #9 Dated September 30, 2023 $ 4,443,470.94 Partial
Warrant #10 Dated October 31, 2023 $ 369,838.09 Partial
Warrant #11 Dated November 30, 2023 $ 6,753.00 Partial
Trial Balance as of August 31, 2023: $ 247,473,211.93
Accounting & Banking Reports Presented to Board for Review:
August 2023
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 Memos:
Memo #20/2023: Mandatory Retirement Board Member Training – 4th Quarter 2023
Memo #21/2023: Upcoming Public Hearings on PERAC Regulations
Memo #22/2023: Appropriation Data Due October 31, 2023
Investments:
Portfolio Update and Review as of September 2023
Annual Manager Reviews:
Wellington
Ameriprise/Columbia Threadneedle
Westfield
Black Rock
PRIT Vintage Year 2024 Commitment Vote
2024 Budget:
Draft 2024 Budget for review and vote
Section II: Membership:
Military Service Purchase:
Board to discuss Military Purchases for those members with less than 10 years of creditable service.
Section 91A Excess Earnings:
Kenneth Rood has excess earnings in the amount of $43,722.24. These funds will be deducted from his monthly retirement allowance for the period of December 2023 through December 2024.
Member Policy:
Board to discuss possible changes to the current new member policy.
New Hires:
Town:
9% Dwyer, Tracey, Group 1, Custodian
Perm. Full-time: $950.36 weekly
Start Date: October 16, 2023
9% Farina, Kellie, Group 1, Kitchen Supervisor
Perm. Full-time: $853.44 weekly
Start Date: September 18, 2023
School:
9% Drew, Kenneth, Group 1, In-House Suspension Supervisor
Perm. Full-time: $2,284.91 bi-weekly
Start Date: October 10, 2023
9% Dutch, Stephen, Group 1, Custodian
Perm. Full-time: $1,921.60 bi-weekly
Start Date: September 25, 2023
9% Fabry, Julie, Group 1, Paraprofessional
Perm. Full-time: $1,320.08 bi-weekly
Start Date: October 23, 2023
9% Gangemi, Luciana, Group 1, Paraprofessional
Perm. Full-time: $1,000.28 bi-weekly
Start Date: October 23, 2023
9% Holmes, William, Group 1, Custodian
Perm. Full-time: $1,921.60 bi-weekly
Start Date: October 2, 2023
9% Makarski, Elizabeth, Group 1, Cafeteria Worker
Perm. Full-time: $1,111.08 bi-weekly
Start Date: October 16, 2023
9% Silva, Krystin, Group 1, Team Leader-Food Services
Perm. Full-time: $1,010.29 bi-weekly
Start Date: October 16, 2023
Transfers:
Town:
Beder, Jonathan, Group 1, DPW Director
Total Creditable Service of Twenty-Five (25) Years, Four (4) Months:
Plymouth Creditable Service Only is Eleven (11) Years, Eleven (11) Months: 3/21/2011-3/10/2023
Total Transfer to Norfolk Country Retirement: $251,450.08
School:
Caruso-Stracco, Antonietta, Group 1, Paraprofessional
Seven (7) Years, Nine (9) Months Creditable Service (9/1/2023-6/16/2023)
Total Transfer to State Retirement Board: $18,279.46
Shay, Thomas, Group 1, Custodian
Five (5) Years, Seven (7) Months Creditable Service (1/4/2016-8/27/2021)
Total Transfer to Barnstable County Retirement: $21,229.40
Buybacks:
School:
Lowman, Dawn, Group 1, Student Service Secretary, has requested to purchase one (1) year, four (4) months of creditable service for the period of August 30, 2018, through August 23, 2020, for prior service with the School Department.
Total Buyback Amount is: $2,125.02.
Retirements:
Town:
Ferguson, Carol, Group 1, Highway Department Administrative Assistant
Twenty-Six (26) Years, Nine (9) Months Creditable Service
Superannuation Retirement: opt: B
Retirement Date: November 24, 2023
Vecchi, Scott, Group 4, Police Sergeant
Thirty-Three (33) Years Creditable Service
Superannuation Retirement: opt B
Retirement Date December 20, 2023
School:
Crane, Jennifer, Group 1, Special needs Aide
Ten (10) Years, Nine (9) Months Creditable Service
Superannuation Retirement: opt B
Retirement Date: November 8, 2023
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 vote the Accidental Disability Retirement Application of former Police Officer, Adam Larsen.