September 2019 Retirement Board Meeting

Section I: Regular Business:

Minutes:

Minutes of September 27, 2019                                              Regular Meeting

Warrants: 

Warrant #8 Dated August 31, 2019                                        $       5,909,094.60 Final

Warrant #9 Dated September 30, 2019                                  $      12,133,617.78 Partial

Warrant #10 Dated October 31, 2019                                     $          156,684.01 Partial

Warrant #11 Dated November 30, 2019                                 $              6,000.00 Partial 

Trial Balance as of:     August 31, 2019                                  $187,261,881.10                    

Public Comment:

New/Old Business:

PERAC Commissioner:

John Parsons, PERAC Commissioner, will be present to introduce himself to the Board.

PERAC MEMOS:

Memo #22/2019:         Tobacco Company List

2020 Plymouth Retirement Office Budget

Board to review & vote draft copy of 2020 Retirement Office Budget.

Investments:

Anthony Tranghese will give a portfolio review and update the Board on the current RFP’s for Large Cap Value & International Value managers.

2019 Investment Manager Interviews:

8:30 a.m.         Boston Partners

9:00 a.m.         Westfield

9:30 a.m.         PRIT

Section II: Membership:

Marcia Sheridan, retired Cafeteria Worker, has sent the Board a letter regarding her creditable service at the time of her retirement. Ms. Sheridan retired with 24 years and 7 months creditable service on September 29, 2015.

New Hires:

Town

9%       Doonan, Deborah, Group 1, Administrative Secretary-Collector/Treasurer

            Perm. Full-time: $782.63 weekly

            Start Date: October 21, 2019 

9%       Ferro, Robert, Group 4, Firefighter

            Perm. Full-time: $1,079.76 weekly

            Start Date: October 7, 2019

9%       Greene, Austin, Group 4, Firefighter

            Perm. Full-time: $1,079.76 weekly

            Start Date: October 7, 2019

9%       Gundberg, Derek, Group 1, Laborer – Highway

            Perm. Full-time: $787.98 weekly

            Start Date: October 7, 2019

9%       Heath, Keith, Group 4, Firefighter

            Perm. Full-time: $1,079.76 weekly

            Start Date: October 7, 2019

9%       Kierstead, Todd, Group 1, Social Outreach Worker

Perm. Full-time: $848.38 weekly

Start Date: September 30, 2019

9%       Kneeland, James, Group 4, Firefighter

            Perm. Full-time: $1,079.76 weekly

            Start Date: October 7. 2019

9%       Litvay, Bryson, Group 4, Firefighter

            Perm. Full-time: $1,079.76 weekly

            Start Date: October 7, 2019

9%       Lynch, Jeffrey, Group 1, Motor Equipment Operator – Highway

            Perm. Full-time: $787.98 weekly

            Start Date: October 7, 2019

9%       Matterazzo, Joseph, Group 2, Inspector of Wires

            Perm. Full-time: $1,079.23 weekly

            Start Date: October 21, 2019

9%       Reilly, Patrick, Group 4, Firefighter

            Perm. Full-time: $1,079.76 weekly

            Start Date: October 7, 2019

9%       Sampson, Michele, Group 1, Administrative Secretary-Assessor’s

            Perm. Full-time: $782.63 weekly

            Start Date: October 7, 2019

9%       Soito, Jason, HVAC Technician – Maintenance

            Perm. Full-time: 1,105.68 weekly

            Start Date: October 28, 2019

9%       Stevenson, William, Group 1, Laborer-Highway

Perm. Full-time: $787.98 weekly

Start Date: October 7, 2019   

9%       Sullivan, Matthew, Group 4, Firefighter

            Perm. Full-time: $1,079.76 weekly

            Start Date: October 7, 2019

School:

9%       Brault, Danielle, Group 1, Paraeducator

            Perm. Full-time: $975.78 bi-weekly

            Start Date: September 23, 2019

9%       Burroughs, Meaghan, Group 1, Cafeteria Worker

            Perm. Full-time: $766.25 bi-weekly

            Start Date: September 30, 2019

9%       Cotter, John, Group 1, Custodian

            Perm. Full-time: $1,652.65 bi-weekly

            Start Date: October 21, 2019

9%       Davis, Laureen, Group 1, Paraeducator

            Perm. Full-time: $809.54 bi-weekly

            Start Date: October 15, 2019

9%       Eno, Steven, Group 1, Custodian

            Perm. Full-time: $1,623.19 bi-weekly

            Start Date: October 15, 2019

9%       Tompkins, Robert, Group 1, Custodian

Perm. Full-time: $1,719.35 bi-weekly

Start Date: September 30, 2019

PHA:

Transfers:

Town:

Elsner, Mark, Group 2, Inspector of Wires

Fourteen (14) Years, Nine (9) Months Creditable Service (10/4/2004-7/12/2019)

Total Transfer to Framingham Retirement Board: $83,693.53

School:

Fanning, Samantha, Group 1, Paraeducator

Eight (8) Months Creditable Service (09/24/2018-06/17/2019)

Total Transfer to Plymouth County Retirement: $1,167.99

Refunds:

Town:

Hallett, James, Group 1, Dispatcher

One (1) Year, Eight (8) Months Creditable Service (2/7/2017-10/13/2018)

Total Refund Including FWT: $7,769.54      

Shipley, Timothy, Group 4, Firefighter

Five (5) Years Creditable Service (9/8/2014-9/28/2019)

Total Refund Including FWT: $33,903.70

Rollovers:

School:

Sutherland, Brian, Group 1, Custodian

One (1) Year, Two (2) Months Creditable Service (7/9/2019-9/13/2019)

Total Rollover Amount: $4,804.60

Retirements:

Town:

Kearney, Donald, J. Group 1, Building Maintenance Craftsman

Thirty (30) Years, Nine (9) Months Creditable Service

Superannuation Retirement: opt c

Retirement Date: November 1, 2019

Maughan, Allan, Group 4, Patrolman

Thirty (30) Years, Nine (9) Months Creditable Service

Superannuation Retirement: opt c

Retirement Date: November 1, 2019

School:

Briggs, LuAnn, Group 1, Paraeducator

Twenty-One (21) Years, One (1) Month Creditable Service

Superannuation Retirement: opt b

Retirement Date: November 1, 2019

Section III:

Executive Session:

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