September 2023 Retirement Board Meeting
As a result of the extension of the Open Meeting Law Waivers, and while the Board transitions from virtual meetings only to in-person meetings, this meeting of the Plymouth Retirement Board is being conducted in the hybrid fashion. Those who wish to attend this meeting in-person, the meeting begins at 8:30 a.m.
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 August 25, 2023 Regular Session
Minutes of August 25, 2023 Executive Session
Warrants:
Warrant #7 Dated July 31, 2023 $ 4,391,911.44 Final
Warrant #8 Dated August 31, 2023 $ 4,363,301.21 Partial
Warrant #9 Dated September 30, 2023 $ 4,418,940.50 Partial
Warrant #10 Dated October 31, 2023 $ 6,753.00 Partial
Trial Balance as of July 31, 2023: $248,384,338.53
Accounting & Banking Reports Presented to Board for Review:
July 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:
Draft Financial Statement:
Draft Financial Statement for December 31, 2022, prepared by Powers & Sullivan to be reviewed and voted. Board to sign Powers & Sullivan representation letter for this financial statement.
MACRS Conference:
MACRS Annua Fall 2023 Conference, October 1 – 4, 2023, Springfield, MA
PERAC Memos:
Memo #19/2023: Tobacco Company List
PERAC Reports:
2022 PERAC Investor Report
Investments:
Portfolio Update through August 2023 and a proposed schedule for Annual Manager Presentations to be held during the 4th Qtr. 2023
Section II: Membership:
New Hires:
Town:
9% Bishop, Madeleine, Group 1, Library Associate
Perm. Full-time: $972.76 weekly
Start Date: September 18, 2023
School:
9% Crowley, Aidan, Group 1, Paraprofessional
Perm. Full-time: $1,126.31 bi-weekly
Start Date: September 5, 2023
9% Dodge, Sandra, Group 1, Paraprofessional
Perm. Full-time: $1,182.15 bi-weekly
Start Date: August 28, 2023
9% Haynes, Matthew, Group 1, Junior Computer Technician
Perm. Full-time: $1,639.20 bi-weekly
Start Date: September 18, 2023
9% Lira, David, Group 1, Computer Technician
Perm. Full-time: $2,622.40 bi-weekly
Start Date: September 18, 2023
9% MacNeil-Ward, Mary, Group 1, Paraprofessional
Perm. Full-time: $1,000.28 bi-weekly
Start Date: September 18, 2023
9% Rosen, Julie, Group 1, Registered Behavior Technician
Perm. Full-time: $1,861.18 bi-weekly
Start Date: August 28, 2023
9% Smith, Stephanie, Group 1, Support Nurse
Perm. Full-time: $2,817.85 bi-weekly
Start Dater: August 28, 2023
9% Soares, Abigail, Group 1, Video Integration Specialist
Perm. Full-time: $2,042.35 bi-weekly
Start Date: August 28, 2023
9% Waite-Petri, Elizabeth, Group 1, Long Term Substitute Teacher
Perm. Full-time (1 yr Appt): $2,136.51 bi-weekly
Start Date: August 29, 2023
Refunds:
Town:
Fernandes Jr., Antonio, Group 1, Heavy Motor Equipment Operator
Refund of deductions paid to the Retirement System for supplemental pay while receiving Workers’ Compensation benefits.
Total Refund Including FWT: $255.52
Volta, Jason, Group 1, Service Tech/Mechanic
Nine (9) Years, Four (4) Months Creditable Service (4/7/2014-9/1/2023)
Total Refund Including FWT: $51,994.31
School:
Dickess, Wendy, Group 1, Cafeteria Worker
Four (4) Years, Nine (9) Months Creditable Service (8/296/2018-6/16/2023)
Total Refund Including FWT: $10,362.37
Tolonen-Gibbons, Carrie, Group 1, Food Service worker
Seventeen (17) Years, Five (5) Month Creditable Service (10/17/2005-3/30/2023)
Total Refund Including FWT: $13,811.07
Plymouth Housing Authority:
Vasile, Anthony, Group 1, Maintenance
Seven (7) Years, Eleven (11) Months Creditable Service (6/1/2015-5/12/2023)
Total Refund Including FWT: $46,229.00
Transfers:
School:
McNamara, Ethan, Group 1, TV Studio Technical Assistant
Eleven (11) Years Creditable Service (8/18/2015-8/28/2022)
Total Transfer to MTRS: $56161.09
Varney, Rebecca, Group 1, Registered Behavior Technician
Nine (9) Months Creditable Service (01/04/2021-10/17/2021)
Total Refund to MA Teachers’ Retirement: $2,482.70
Buybacks:
Town:
Torrance, Nathan, Group 4, Fire Lieutenant, has requested to purchase one (1) year, ten (10) months of military service. Total military buyback is $5,212.90
Retirements:
Town:
Ditmars, Carl, Group 4, Police Detective
Thirty (30) Years, Five (5) Months Creditable Service
Superannuation Retirement: opt c
Retirement Date: October 31, 2023
Torrance, Nathan, Group 4, Fire Lieutenant
Twenty-Seven (27) Years, Nine (9) Months Creditable Service
Superannuation Retirement: Opt C
Retirement Date: December 4, 2023
School:
Cook, Christine, Group 1, Library Tech.
Seventeen (17) Years, One (1) Month of Creditable Service
Superannuation Retirement: Opt. B
Retirement Date: August 31, 2023
Douylliez, Marguerite, Group 1, Part-time Paraprofessional
Thirty-Three (33) Years, One (1) Month Service
Superannuation Retirement: Opt. C
Retirement Date: October 31, 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 discuss PERAC’s Remand of retired Fire Captain, Paul Alden’s, Accidental Disability Application Under the Lung Law.
Pursuant to MGL Chapter 30A, Section 21 (a)(1), The Board will enter into Executive Session to discuss the Section 9 Application of Lauren McGee, widow of Accidental Disability Retiree, Chad McGee.