September 2020 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:

karry@plymouthretirement.com

Section I: Regular Business:

Minutes:

Minutes of July 31, 2020                                Regular Meeting                                                        

Warrants:

Warrant #7 Dated July 31, 2020                                                         $   6,652,869.36 Final

Warrant #8 Dated August 31, 2020                                                    $   5,700,627.55 Partial

Warrant #9 Dated September 30, 2020                                              $   3,910,417.61 Partial

Warrant #10 Dated October 31, 2020                                                 $          6,180.00 Partial

Trial Balance as of                                                                  $ 194,139,727.25       

July 31, 2020 Accounting Reports Presented to Board for Review:

Trial Balance

Cash Receipts

Cash Disbursements

Adjustments

Public Comment:

New/Old Business:

PERAC Memo’s:

PERAC Memo #27/2020: Regular Compensation and Creditable Service Status of Certain Leaves

Draft Policy:

Board to review draft Executive Session Policy and vote.

Investments:

Anthony Tranghese will give a Portfolio Update and Review

Section II: Membership:

Transfers:

Town:

Bazarewsky, Todd, Group 4, Police Officer

Nine (9) Months Creditable Service (7/8/2019-4/23/2020)

Total Transfer to Barnstable County Retirement: $4,463.67

Chiros, Andrea, Group 1, Social Outreach Worker

Transfer of additional deductions due to retroactive contract settlement

Total Transfer to State Retirement Board: $43.53

Elsner, Mark, Group 1, Inspector of Wires

Transfer of additional deductions due to retroactive contract settlement

Total Transfer to Framingham Retirement Board: $145.72

Howell, Aimee, Group 1, Recreation Program Supervisor

Transfer of additional deductions due to retroactive contract settlement

Total Transfer to Barnstable County Retirement: $107.62

Jones, Jennifer, Group 1, Assistant Library Director

Fifteen (15) Years, Two (2) Months Creditable Service (6/6/2005-8/15/2020)

Total Transfer to Plymouth County Retirement Board: $69,740.71

Livera, Frank, Group 1, Recreation Assistant

Transfer of additional deductions due to retroactive contract settlement

Total Transfer to Middlesex County Retirement: $61.64

Tierney, Richard, Group 1, Water Superintendent

Transfer of additional deductions due to retroactive contract settlement

Total Transfer to Bristol County Retirement: $40.50

Young, Jennifer, Group 1, Director of Elder Affairs

Transfer of additional deductions due to retroactive contract settlement

Total Transfer to Hingham Retirement Board: $94.84

Refunds:

Town:

Ayers, Katherine, Group 4, Police Officer

Three (3) Years, Four (4) Months Creditable Service (4/11/2016-8/29/2019)

Total Refund Including FWT: $18,669.41

Heylin, Patricia, Group 1, Program Coordinator/Fiscal Manager

Refund of additional deductions due to retroactive contract settlement

Total Refund Amount: $22.60

McNulty, Sean, Group 1, Laborer

Refund of additional deductions due to a settlement.

Total Refund Amount: $45.23

Trischitta, Nichole, Group 4, Police Officer

One (1) Year, Five (5) Months Creditable Service (12/8/2014-8/12/2016)

Total Refund Including FWT: $8,124.95

School:

Pimental, Nicholas, Group 1, Custodian

One (1) Year, Six (6) Months Creditable Service (7/24/2012-1/24/2014)

Total Refund Including FWT: $5,438.42

Rollovers:

School:

Williamson, Gary, Group 1, Custodian

Two (2) Years, One (1) Month Creditable Service (6/8/2015-8/4/2017)

Total Rollover: $9,069.26

Buybacks:

School:

Mooney, Jean, Group 1, Secretary, has requested to purchase three months of prior temporary service with the Town Clerks Office from January 1, 2011 through November 30, 2011. Total Buyback amount: $947.77

Retirements:

School:

Leger, Catherine, Group 1, Part-time Paraprofessional

Fourteen (14) Years, Ten (10) Months Creditable Service

Superannuation Retirement, opt b

Retirement Date: September 1, 2020

Flanagan, Maureen, Group 1, Part-Time Teachers Aide

Fourteen (14) Years, Six (6) Months Creditable Service

Superannuation Retirement: opt c

Retirement Date: September 3, 2020

Synan, Susan, Group 1, Part-time Paraprofessional

Nineteen (19) Years, Ten (10) Months Creditable Service

Superannuation Retirement, opt b

Retirement Date: September 9, 2020

Section III:

Executive Session:

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