October 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 September 27, 2024 Regular Session
Warrants:
Warrant #8 Dated August 31, 2024 $6,509,155.28 Final
Warrant #9 Dated September 30, 2024 $5,092,076.93 Partial
Warrant #10 Dated October 31, 2024 $1,098,355.55 Partial
Warrant #11 Dated November 1, 2024 $ 6,955.59 Partial
Trial Balance as of August 31, 2024: $272,225,163.18
August 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:
PERAC Memos:
Memo: 25/2024: Mandatory Retirement Board Member Training-4th Quarter 2024
Memo: 26/2024: The Application of the Anti-Spiking Provision G.L.c. 32 sec 5(2)(a) in the wake of the Hartnett Decision
Annual Investment Manager Reviews:
Wellington 8:30 a.m. Scott Chandler/Brian Doherty/Cara Early
BlackRock 8:45 a.m. Erika Keane/Carlos Moreno
PRIM/PRIT 9:00 a.m. Laura Strickland
Investments:
- Performance Update and Review
Proposed 2025 Budget & 2024 Budget v. Actual at 9/30/2024:
Board to review and vote on the proposed 2025 Budget & 2024 Budget v. Actual at 9/30/2024
Section II: Membership:
New Hires:
Town:
9% Belmore, Robert, Group 1, Administrative Secretary – Treasurer/Collector
Perm. Full-time: $949.53 weekly
Start Date: October 7, 2024
9% Egerton, Teresa, Group 1, Administrative Secretary-Assessor’s
Perm. Full-time: $949.53 weekly
Start Date: October 7, 2024
9% Poepsel, Willa, Group 1, Professional Librarian
Perm. Full-time: $1,133.42 weekly
Start Date: October 3, 2024
9% Silva Jason, Group 1, Director of Inspectional Services
Perm. Full-time: $2,865.38 weekly
Start Date: October 15, 2024
School:
9% Beaudette, William, Group 1, Custodian
Perm. Full-time: $1,832.80 bi-weekly
Start Date: September 30, 2024
9% Blackwell, Angela, Group 1, Paraeducator-Registered Behavior Technician
Perm. Full-time: $1,637.69 bi-weekly
Start Date: September 23, 2024
9% Boulay, Jo-Anne, Group 1, Paraprofessional
Perm. Full-time: $1,358.04 bi-weekly
Start Date: September 23, 2024
9% Crowley, Frank, Group 1, Custodian
Perm. Full-time: $1,780.39 bi-weekly
Start Date: October 28, 2024
9% D’Andrea, Brooke, Group 1, Paraprofessional
Full-time (1-yr appt): $1,348.56 bi-weekly
Start Date: September 23, 2024
9% Mackenzie, Noelle, Group 1, CAN/Health Aide
Full-time: $2,033.73 bi-weekly
Start Date: October 7, 2024
9% Parker, Katelyn, Group 1, Paraeducator-Registered Behavior Technician
Perm. Full-time: $1,764.32 bi-weekly
Start Date: October 15, 2024
9% Studley, Michelle, Group 1, Paraprofessional
Perm. Full-time: $1,016.35 bi-weekly
Start Date: September 23, 2024
Transfers:
School:
O’Keefe, Ashley, Group 1, RBT Behaviorist
Seven (7) Years, Four (4) Months Creditable Service (1/25/2016-6/16/2023)
Total Transfer to Plymouth County Retirement Board: $26,574.96
Rollover:
School:
Tedesco, Thomas, Group 1, Custodian
Six (6) Years Creditable Service (08/02/2018-08/19/2024)
Total Rollover to Berkshire Bank: $29,196.39
Buybacks:
Town:
Ross, David, Group 4, Police Officer, has requested to purchase three (3) years of Military Service. Total Military Buyback Amount is $11,901.39
Roussell, Jeremy, Group 4, Police Officer, has requested to purchase four (4) years of Military Service. Total Military Buyback Amount is $17,686.88
Retirements:
Town:
Balboni, Timothy, Group 1, Highway Superintendent
Twenty-Nine (29) Years and Five Months (5) Creditable Service
Superannuation Retirement: option C
Retirement Date: November 30, 2024
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)(2), the Board will enter into Executive Session to discuss proposed amendments to the existing Retirement Staff Bylaws.