July 29, 2016 - Retirement Board Meeting Agenda
PLYMOUTH RETIREMENT BOARD Friday, July 29, 2016
10 Cordage Park Circle, Suite 240 Plymouth MA 02360 8:15 a.m.
Section I: Regular Business:
Minutes of June 24, 2016 Minutes of Regular Meeting
Minutes of June 24, 2016 Executive Session
Warrant # 5, Dated May 31, 2016 $ 2,824,744.74 Final
Warrant # 6 Dated June 30, 2016 $ 1,449,031.44 Partial
Warrant # 7 Dated July 31, 2016 $ 194,730.71 Partial
Warrant # 8 Dated August 31, 2016 $ 3,873.13 Partial
Public Comment:
Section II: General Correspondence:
PERAC 12 th Annual Emerging Issues Forum, September 15, 2016
PERAC Memos:
Memo #18/2016 Mandatory Retirement Board Member Training-3 rd Qtr 2016
Anthony Tranghese of FIA will be present to discuss:
FY17 Appropriation allocation vote
June 2016 Investment Performance
Third Party Monitoring:
Scott & Scott has sent a copy of their 2 nd Qtr. 2016 Review
Section III: Membership:
Anderson, Nicholas, Group 1, Police Dispatcher
Perm. Full-time: $741.87 weekly
Start Date: July 20, 2016
Buote, Jonathan, Group 1, Motor Equipment Operator
Perm. Full-time: $735.32 weekly
Start Date: July 11, 2016
Lindberg, Jill, Group 1, Administrative Secretary
Perm. Full-time: $779.01 weekly
Start Date: July 5, 2016
Lipe, Henry, Group 1, Director of Emergency Management
Perm. Full-time: $1,203.38 weekly
Start Date: July 11, 2016
Robertson, Justin, Group 1, Laborer
Perm. Full-time: $735.32 weekly
Start Date: July 12, 2016
Hogan, Kristen, Group 1, ASL Interpreter
Perm. Full-time: $2,238.92 bi-weekly
Start Date: July 1, 2016
Gecse, Paul, Group 4, Police Officer
22 years, 7 months service
Superannuation retirement, opt c
Retirement date: July 19, 2016
Webber, Dale M., Group 1, Special Heavy Motor Equipment Operator
35 years, 9 months services
Superannuation retirement, opt c
Retirement date: July 10, 2016
LaRosa, Sharon, Group 1, Librarian
20 years, 10 months service
Superannuation retirement, opt b
Retirement date: August 19, 2016
Ferland, Paul, Group 1, Head Custodian
21 years, 3 months service
Superannuation retirement, opt c
Retirement date: August 1, 2016
Towns, Doreen, M., Group 1, Paraprofessional
10 Years of Service
Superannuation retirement, opt b
Retirement Date: July 21, 2016
Duquette, Derreck, Group 1, ISS Supervisor
One (1) Year, 10 Months Creditable Service, (10/20/14-6/20/16)
Total Refund Including FWT: $6,927.12
Haarala, Gregory, Group 4, Police Officer
Eight (8) Years, One (1) Month Creditable Service (10/20/08-5/16/15)
Total Transfer to State Retirement Board: $48,816.64
Keane, Karen, Group 1, Health Department, has requested a buyback of one (1) year and six (6)
months of prior service (1/23/13-8/9/15) with the Town of Plymouth.
Total Buyback Amount: $3,803.85
Donovan, Lori, Group 1, Paraprofessional, has requested a buyback of three (3) years and eleven
(11) months of prior service (1/1/09-8/31/15) with the Plymouth School Department.
Total Buyback Amount: $5,959.77.
Elaine Dumas, is a former part-time paraprofessional. She was not eligible for membership in the
Plymouth Retirement System. Ms. Dumas is now a member of the Barnstable County
Retirement Association. She would like to purchase her prior service form September 2010 to
September 2011. If the proper deductions and interest are deposited, will the Board accept
eleven (11) months 3(8)(c ) Liability for Ms. Dumas?
Riendeau, Geraldine, Group 1, Plymouth Housing Authority Director, has requested a buyback
of five (5) years, nine (9) months of service for a prior refund with the Plymouth Housing
Total Buyback Amount: $48,647.42.
Sec. 91A Retirement Termination:
Justin Malonson, Group 4, Accidental Disability retiree, has not completed the required 2015
Annual Statement of Earned Income with PERAC. Mr. Malonson has been notified by certified
and regular mail of the pending retirement allowance termination and has not replied or
requested a hearing before the Board. Board vote to suspend Mr. Malonson’s retirement
allowance until he is in compliance with PERAC.
Next Meeting: