March 18, 2016 - Retirement Board Meeting Agenda
Section I: Regular Business:
Minutes:
Minutes of February 26, 2016 Regular Meeting
Warrants:
Warrant # 1, Dated January 31, 2016: $ 1,567,972.45 Partial
Warrant # 2, Dated February 29, 2016 $ 3,089,635.27 Partial
Warrant # 3, Dated March 31, 2016 $ 119,779.79 Partial
Warrant # 4, Dated April 30, 2016 $ 3,873.13 Partial
Public Comment:
Section II: General Correspondence:
2015 Annual Statement:
Board to review and sign 2015 Annual Statement.
PERAC Memos:
Memo #10/2016: Retirement Guide Mailing
Memo #11/2016: Tobacco Company List
Investments:
Investment Performance:
Anthony Tranghese of FIA will be present to review performance and discuss the allocation for the July 2016 appropriation.
Audit:
Powers & Sullivan, independent auditors, sent draft copies of the Audit of Specific Elements, accounts and Items of Financial Statements and Financial Statements for year ended December 31, 2014.
Request for Proposals:
Board to review responses to the RFP for Investment Consulting services.
Section III: Membership:
Acts of 2009-Chapter 21:
Earnings Under $5,000.00 per Calendar Year – Does the Board approve issuing a refund of deductions plus interest to those members who made less than $5,000.00 per calendar year after July 1, 2009.
New Hires:
Town:
9% Partridge, Ronald, Group 1, Airport Operations
Perm. Full-time: $760.72 weekly
Start Date: March 7, 2016
9% Ripley, George, Group 1, Youth Services Librarian
Perm. Full-time: $808.49 weekly
Start Date: February 29, 2016
Refunds:
School:
O’Reilly, Jill, Group 1, Spec. Ed. Clerical Aide
10 Years, 3 Months Creditable Service (1/6/00-5/17/10)
Total Refund Including FWT: $9,132.85
Souza, Karen, Group 1, Cafeteria Worker
8 Years, 5 Months Creditable Service (8/30/07-2/12/16)
Total Refund Including FWT: $6,742.80
PHA:
Sotirkys, Mary, Group 1, Administrative Assistant
6 Months Creditable Service (7/27/15-2/12/16)
Total Refund Including FWT: $1,587.60
Buybacks:
Town:
Brumble, Joshua, Group 4, Fire Fighter has requested a buyback of four (4) years of prior Military Service.
Total Buyback Amount: $20,547.20
Keane, Karen, Group 1, Local Inspector, Health Department has requested a buyback of three (3) years, one (1) month of prior refund with the Town of Plymouth.
Total Buyback Amount: $3,162.32
Tavekelian, Troy, Group 4, Police Department, has requested a buyback of four (4) years of prior Military Service.
Total Buyback Amount: $15,175.68
School:
Egan, Christine, Group 1, Paraprofessional, has requested a buyback of one (1) year, six (6) months of prior part-time service with the Plymouth School Department.
Total Buyback Amount: $1,995.57 including accrued interest.
Nee, Kathleen, Group 1, Secretary, has requested a buyback of four (4) years of Prior Military Service.
Total Buyback Amount: $3,805.40
O’Connell, Caitlin, Group 1, Occupational Therapist Assistant, is requesting a buyback of six (6) months of prior part-time service for the Plymouth School Department.
Total Buyback Amount: $1,354.57
Retirements:
Section 9 Application:
Lois Hanson, widow of retired Group 4, Police Officer John Hanson, Jr., has applied for Section 9 benefits. Mr. Hanson retired under accidental disability, “Heart Law”, on March 21, 1981, and passed away on February 29, 2016 of the same injury.
Section V: Executive Session:
Pursuant to MGL Chapter 30A, Section 21 (a)(3), the Board will enter into executive session to hear from its Attorney regarding ongoing litigation.
Next Meeting: