March 2022 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:
Warrants:
Warrant #12 Dated December 31, 2021 $ 17,141,133.23 Final
Warrant # 1 Dated January 31, 2022 $ 3,579,588.90 Final
Warrant # 2 Dated February 28, 2022 $ 3,921,263.97 Partial
Warrant # 3 Dated March 31, 2022 $ 185,166.31 Partial
Warrant #4 Dated April 30, 2022 $ 6,556.00 Partial
Trial Balance as of January 31, 2022 $ 255,703,971.65
January 2022 Accounting Reports Presented to Board for Review:
Rockland Trust - Checking & Money Market Acct Statements
Treasurer’s Reconciliation – RTC Checking & Money Market Accts
Trial Balance
Cash Receipts
Cash Disbursements
Adjustments
Public Comment:
New/Old Business:
PERAC Memos:
Memo #9/2022 Extension of Open meeting Law Waivers
Investments:
Anthony Tranghese from Fiducient Advisors will give a Portfolio Update & Review
Francesco Daniele, Director of Client Services at PRIM, will discuss the OPEB Fund investing in PRIT.
2022 PERAC Annual Statement:
Board to review the 2022 PERAC Annual Statement & supporting schedules.
Annual Vendor Disclosure Forms Received:
Acadian Asset Management
Aristotle Capital Management – International Equity Fund & Value Equity Strategy
Berman Tobacco
Boston Trust
Columbia Management
Fiducient Advisors
Lazard Asset Management
People’s United Bank
Rhumbline Advisors
Robbins, Geller, Rudman & Dowd LLP
Scott & Scott Attorneys at Law
Wellington Management – Core Bond Fund, Opportunistic Fund & Research Equity Fund
Westfield Capital Management
Section II: Membership:
New Hires:
Town:
9% Cappellucci, Tara, Group 1, Administrative Secretary-Dept. of Inspectional Services
Perm. Full-time: $798.28 weekly
Start Date: March 21, 2022
9% Santos, Lucas, Group 1, Laborer-Cemetery
Perm. Full-time: $819.81 weekly
Start Date: February 22, 2022
9% Sinclair, William, Group 2, Wiring Inspector
Perm. Full-time: $1,352.37 weekly
Start Date: March 21, 2022
School:
9% Cote, Nicholas, Group 1, Custodian
Perm. Full-time: $1,667.81 bi-weekly
Start Date: March 16, 2022
9% Robinson, Kimberly, Group 1, Data Processing Secretary
Perm. Full-time: $1,338.50 bi-weekly
Start Date: March 7, 2022
Refunds:
Town:
Dello Russo, Joseph, Group 1, Building Maintenance Craft Person
Three (3) Months Creditable Service (4/5/2021-7/6/2021)
Total Refund Including FWT: $50,812.26
Ehnes, Michael, Group 4, Firefighter
Zero Service (4/6/2020-4/30/2020)
Total Refund Including FWT: $446.30
Morse, Wayne, Group 1, Heavy Motor Equipment Operator
Three (3) Months Creditable Service (2/20/2018-6/14/2018)
Total Refund Including FTW: $1,239.78
Tavares, Kenneth, Group 1, Selectman
Ten (10) Years, Eleven (11) Months Creditable Service (5/10/1997-5/9/2009)
Total Refund Including FWT: $2,337.79
School:
King, Jeffrey, Group 1, Custodian
Five (5) Years, Two (2) Months Creditable Service (12/12/2016-3/1/2022)
Total Refund Including FWT: $23,990.02
Rollovers:
Town:
Parker, Allen, Group 1, Building Maintenance Craftperson
Three (3) Years, Ten (10) Months Creditable Service (10/16/2017-9/8/2021)
Total Rollover Amount: $16,970.27
Transfers:
School:
Bernard, Jeffrey, Group 1, Maintenance Custodial Floater
One (1) Month Creditable Service (12/6/2021-2/4/2022)
Total Transfer to Plymouth County Retirement Association: $784.60
Reardon, Michele, Group 1, Paraprofessional
Nine (9) Months Creditable Service (9/1/2015-6/20/2016)
Total Transfer to MA. Teachers Ret System: $1,816.80
Buybacks:
School:
Tawa, Joseph, Group 2, Skilled Craftsman Electrician, has requested to purchase four (4) years of military service. Total military buyback: $26,074.88. Watertown Retirement will take liability after completion of military buyback.
Retirements:
Town:
Vecchi, Paul, Group 1, Building Inspector
Thirty-Five (35) Years and Five (5) Months Creditable Service
Superannuation Retirement: opt c
Retirement Date: March 19, 2022
Brinkmann, Marie, Group 1, Director of Human Resources
Nineteen (19) Years, Nine (9) Months Creditable Service
Superannuation Retirement: opt c
Retirement Date: April 29, 2022
Bradley, G. Edward, Group 4, Fire Chief
Forty-Three (43) Years, Three (3) Months Creditable Service
Superannuation Retirement: opt c
Retirement Date: April 12, 2022
School:
Lowe, Anne, Group 1, Paraprofessional
Eleven (11) Years, Ten (10) Months Creditable Service
Superannuation Retirement: opt b
Retirement Date: March 1, 2022
Hahn, Philip, Group 1, Custodian
Twenty-Three (23) Years, One (1) Month Creditable Service
Superannuation Retirement: opt b
Retirement Date April 1, 2022
Panza, Kathryn, Group 1, Part-time Secretary
Eighteen Years (18) Years, Two (2) Months Creditable Service
Superannuation Retirement: opt a
Retirement Date: March 31, 2022
Canavan, C. Michelle, Group 1, Para-professional
Twenty (20) Years of Creditable Service
Superannuation Retirement: opt b
Retirement Date: April 1, 2022
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 the Accidental Disability Retirement Application for Thomas Kelley.
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.