September 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 August 23, 2024                                                   Regular Session

Minutes of August 23, 2024                                                   Executive Session        

Warrants:

Warrant #7 Dated July 31, 2024                                 $11,974,320.91                       Final

Warrant #8 Dated August 31, 2024                            $5,664,045.98                         Partial             

Warrant #9 Dated September 30, 2024                      $ 2,295,941.47                        Partial

Warrant #10 Dated October 31, 2024                         $ 1,006,955.59                        Partial 

Trial Balance as of July 2024:                                    $273,270,088.82

July 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 #24/2024:         Tobacco Company List

Annual Investment Manager Reviews:

8:30 a.m.                                 RhumbLine : Denise D’Entremont/Julie Lind

8 :45 a.m.                                Lazard : Michelle Donnelly/Robert Failla

9 :00 a.m.                                Acadian : Colin Pascoe/Ken Masse/Julie Snaman

9 :15 a.m.                                Aristotle : Keri Hepburn/Aylon Ben-Shlomo

Investments:

• Performance Update and Review
• Investment Policy Statement Review
• RFP Review High Yield Manager-Board to Vote Interviews

Annual Retiree & Survivor Affidavits:

Board to discuss and vote on the omission of notary stamp on the annual affidavits, as s result of hiring a third-party death audit service.

Section II: Membership:

New Hires:

Town:

9%       Buckley, Michael, Group 1, Maintenance Worker – Water

            Perm. Full-time: $985.18 weekly

            Start Date: September 9, 2024

9%       Dodge, Chloe, Group 1, Library Technician

            Perm. Full-time: $792.20 weekly

            Start Date: August 26, 2024       

9%       Sealey, Edward, Group 1, Plumbing & Gas Inspector

            Perm. Full-time: $1,254.60 weekly

            Start Date: September 19, 2024

School:

9%       Askin, Jaime, Group 1, Paraeducator

            Perm. Full-time: $876.09 bi-weekly

            Start Date: August 28, 2024

9%       Bearce, Jason, Group 1, In-School Supervisor

            Perm. Full-time: $1933.38 bi-weekly

            Start Date: August 28, 2024

9%       Begley, Colleen, Group 1, Paraeducator

            Perm. Full-time: $1,035.38 bi-weekly

            Start Date: August 28, 2024

9%       Carlucci, Ashley, Group 1, Paraeducator

            Perm. Full-time: $852.86 bi-weekly

            Start Date: August 27, 2024

9%       Civale, Danielle, Group 1, Paraprofessional

            Perm. Full-time: $882.36 bi-weekly

            Start Date: August 28, 2024

9%       Gray, Alicia, Group 1, Cafeteria Worker

            Perm. Full-time: $922.91 bi-weekly

            Start Date: August 28, 2024

9%       Murphy, Laurie, Group 1, Cafeteria Worker

            Perm. Full-time: $1,097.18 bi-weekly

            Start Date: August 28, 2024

9%       Perlow, Jonah, Group 1, Video Production Assistant

            Perm. Full-time: $2,033.85 bi-weekly

            Start Date: August 27, 2024

9%       Rivera-Myers, Samantha, Group 1, Cook

            Perm. Full-time: $1,622.90 bi-weekly

            Start Date: September 16, 2024

9%       Roncarati, Christine, Group 1, Cafeteria Worker

            Perm. Full-time: 1,097.18 bi-weekly

            Start Date: August 28, 2024

9%       Ward, Cindy, Group 1, Cafeteria Worker

            Perm. Full-time: $979.36 bi-weekly

            Start Date: August 28, 2024

Transfers:

School:

Macomber, Kelly, Group 1, Family Engagement Liaison

Six (6) Years, Two (2) Months Creditable Service (1/2/2018-3/22/2024)

Total Transfer to State Retirement Board: $41,294.50          

Thai, Rhiannon, Group 1, Nurse Educator

One (1) Year, Five (5) Months Creditable Service (1/10/2022-6/16/2023)

Total Transfer to MTRS: $12,688.72

Buybacks:

Town:

Bell, Shawn, Group 4, Firefighter, has requested to purchase Four (4) Years of Military Service. Total Military Buyback is $2,094.36.

School:

O’Connell, Linda, Group 1, Secretary-HR Data Mgt, has requested to purchase two (2) years, nine (9) months of creditable service for her part-time service with the School Department.

Total Buyback Amount is $9,253.76

Retirements:

Town:

Bell, Shawn, Group 4, Fire Fighter

Twenty-Three (23) Years, Eleven (11) Months Creditable Svs. (includes 4 Years Military BB)

Superannuation Retirement: Option C

Retirement Date: August 27, 2024

Malone, Brian, T, Group 4, Fire Fighter

Thirty-Three (33) Years Creditable Service (includes 1 Year and 10 Months Military BB)

Superannuation Retirement: Option B

Retirement Date: October 1, 2024

Executive Session:

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