March 2025 Retirement Board Meeting
PLYMOUTH RETIREMENT BOARD Friday, March 28, 2025 8:35 a.m.
212 South Meadow Road, Unit #3 Plymouth MA 02360
This meeting of the Town of Plymouth Retirement Board will be held in person.
Section I: Regular Business:
Minutes:
Minutes of February 28, 2025 Regular Session
Minutes of February 28, 2025 Executive Session
Warrants:
Warrant # 1 Dated January 31, 2025 $ 3,148,822.57 Final
Warrant # 2 Dated February 28, 2025 $ 3,498,533.39 Partial
Warrant # 3 Dated March 31, 2025 $ 798,701.62 Partial
Warrant # 4 Dated April 1, 2025 $ 7,164.26 Partial
Trial Balance as of January 2025: $275,581,691.24
January 2025 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 #8/2025: Investment Manager Statements via PROSPER
Memo #9/2025: Actuarial Data
Memo #10/2025: Tobacco Company List
Memo :11/2025: Updated Form SSA-1945: Statement Concerning Your Employment in a Job Not Covered by Social Security
PERAC 2024 Annual Statement:
Board to review and vote the draft 2024 PERAC Annual Statement.
2024 Budget v. Actual at 12/31/24
Board to review and vote 2024 Budget v. Actual at December 31, 2024
Investments:
- Performance Update and Review
Section II: Membership:
New Hires:
Town:
9% Balboni, Tyler, Group 1, Motor Equipment Operator – Highway
Perm. Full-time: $1,026.46 weekly
Start Date: March 24, 2025
9% Gibbons, Richard, Group 1 Administrative Secretary-CAL
Perm. Full-time: $986.18 weekly
Start Date: March 10, 2025
9% Holmes, Sherry, Group 1, Transportation Engineer
Perm. Full-time: $2126.10 weekly
Start Date: March 31, 2025
9% Leite, Manuel, Group 1, Library Director
Perm. Full-time: $1,806.86 weekly
Start Date: April 7, 2025
9% Shurtleff, Chad, Group 1, Building Custodian-Police
Perm. Full-time: $990.94 weekly
Start Date: March 17, 2025
School:
9% Joyce, Whitney, Group 1, Van Driver
Minimum 20 hours per week: Pay Varies
Start Date: January 21, 2025
9% MacLean, Daniel, Group 1, Custodian
Perm. Full-time: $1,780.39 bi-weekly
Start Date: February 24, 2025
9% Ollerhead, Diana, Group 1, Administrative Assistant (Rehire)
Perm. Full-time: $1583.35 bi-weekly
Start Date: February 24, 2025
Refunds:
Town:
Burchill, Annikka, Group 1, Benefits Administrator
Nine (9) Years, Four (4) Months Creditable Service (2/17/2015-6/30/2024)
Total Refund Including FWT: $65,354.41
Malone, Ashley, Group 1, Procurement Assistant
Four (4) Years, Two (2) Months Creditable Service (6/6/2016-9/4/2020)
Total Refund Including FWT: $23,999.68
McLauglin, Michael, Group 1, Maintenance Worker
Refund of deductions paid to the Retirement System for supplemental pay while receiving Workers’ Compensation benefits.
Total Refund Including FWT: $373.27
Triffletti, Frank, Town Moderator
Four (4) Years, Seven (7) Months Creditable Service (9/20/2007-1/1/2011)
Total Refund: $144.50
School:
May, Glenn, Group 1, Custodian
Three (3) Years, Five (5) Months Creditable Service (6/7/2021-2/27/2025)
Total Refund Including FWT: 16,879.68
Transfers:
School:
Custodio, Mark, Group 1, Custodian
Ten (10) Months Creditable Service (1/30/2022-12/15/2022)
Total Transfer to Plymouth County Retirement Service: $34,122.56
Dunay, Amalia, Group 1, Secretary
Three (3) Months Creditable Service (3/17/2008-6/20/2008)
Total Transfer to State Retirement Board: $661.57
Buybacks:
Town:
Goldberg, Joseph, Group 1, Memorial Hall Event Manager, has requested to purchase a prior refund of one (1) year, two (2) months service with the State Retirement Board. The State Retirement Board will take liability for this service.
Total Buyback Amount: $29,121.27
3(8)(c ) Liability:
School:
Carrie (Reardon) Hunt, former Special Needs Aide for the School Department, is currently a member of the State Retirement Board. Ms. Hunt worked from April 5, 1988, through April 7, 1992, and took a refund of her deductions on July 25, 1994, in the amount of $5,250.64. Ms. Hunt is requesting repurchase of her prior refund. If proper repayment of deductions and interest is made to the State Board of Retirement, will the Board take 3(8)(c) Liability for three (3) years and six (6) months of creditable service?
Carrie (Reardon) Hunt, former Special Needs Aide for the School Department, is currently a member of the State Retirement Board. Ms. Hunt worked from November 10, 1997, through April 23, 1999, and took a refund of her deductions on March 31, 2001, in the amount of $892.80. Ms. Hunt is requesting repurchase her prior refund. If proper repayment of deductions and interest is made to the State Board of Retirement, will the Board take 3(8)(c) Liability for one (1) year and five (5) months of creditable service?
Retirements:
School:
Parsons, Karel, Group 1, Paraprofessional
Twenty (20) Years, One (1) Month Creditable Service
Superannuation Retirement: Opt. B
Retirement Date: February 28, 2025
Armfield, Jodi, Group 1, School Health Aide
Eighteen (18) Years, Five (5) Months Creditable Service
Superannuation Retirement: Opt. B
Retirement Date: March 28, 2025
Section III: Executive Session:
Pursuant to MGL Chapter 30A, Section 21 (a)(1), The Board will enter into Executive Session to hold an Evidentiary Hearing on the Accidental Disability Retirement Application of Jason Higgins, Group 4, Police Captain.
Pursuant to MGL Chapter 30A, Section 21 (a)(1), The Board will enter into Executive Session to review the Regional Medical Panel results and vote the Accidental Disability Retirement Application of former School Department Custodian, Timothy Oliver.