April 27, 2018 Retirement Board Meeting Agenda
Section I: Regular Business:
Minutes:
Minutes of April 27, 2018 Executive Session
Minutes of April 27, 2018 Regular Meeting
Warrants:
Warrant #3 Dated March 31, 2018 $ 4,545,021.60 Final
Warrant #4 Dated April 30, 2018 $ 1,750,841.41 Partial
Warrant #5 Dated May 31, 2018 $ 182,870.56 Partial
Warrant #6 Dated June 30, 2018 $ 3,997.34 Partial
Trial Balance as of March 31, 2018 $ 173,888,989.85
Public Comment:
New/Old Business:
Regular Compensation/Workers Comp Issue:
Board to discuss the regular compensation at it relates to members receiving workers compensation.
PERAC MEMOS:
Portfolio Monitoring Services:
Scott & Scott has sent their 1st Qtr. 2018, Quarterly Review
Investments:
Mr. Tranghese will give a Portfolio Update, Review the Floating Rate/ Bank Loan RFP and discuss the Appropriation Implementation Plan
Section II: Membership:
Voluntary Waiving of Retirement Allowance:
Retiree Cynthia Snow has requested waiving her retirement allowance until further notice while she works full-time for the Town of Plymouth Council on Aging. Ms. Snow retired from the Town of Plymouth on September 9, 2013.
HAZMAT Stipend:
Deputy Chief Stanley Eldridge and Battalion Chief Daniel Braley from the Plymouth Fire Department will be present to discuss the HAZMAT Stipend.
New Hires:
Town:
9% Campbell, James, Group 1, Local Inspector B
Perm. Full-time: $1,007.96 weekly
Start Date: April 30, 2018
9% Croak, Ryan, Group 4, Police Officer
Perm. Full-time: $996.32 weekly
Start Date: May 29, 2018
9% Heath, Michael, Group 1, Meter Reader/Repairman – DPW-Water
Perm. Full-time: $787.35 weekly
Start Date: May 14, 2018
School:
9% Vendetti, Angelica, Group 1, MSN Paraeducator
Perm. Full-time: $583.20 bi-weekly
Start Date: May 7, 2018
Buybacks:
School:
Welling, Lisa, Group 1, Clerical Paraeducator has requested to purchase prior part-time service from 9/3/13 – 12/31/17 with the Town of Plymouth School Department.
Total Buyback Amount: $2,691.06
Rollovers:
School:
Kessler, Maureen, Former Group 1, Secretary
Two (2) Years Creditable Service (6/20/11-7/18/13)
Total Rollover amount: $6,106.40
Transfers:
School:
Amonte, Lisa, Group 1, Paraprofessional
Nine (9) Years, Nine (9) Months Creditable Service (10/29/2007 – 8/28/2017)
Total Transfer to MA Teachers’ Retirement System: $9,669.79
South, David, Group 1, Instructional Aide
One (1) Year, Eight (8) Months Creditable Service (11/30/2015-8/28/2017)
Total Transfer to MA Teachers’ Retirement System: $2,695.31
Retirements:
Town:
Coville, Paula, Group 1, Accounting Officer
Twenty Years and Three Months Creditable Service
Superannuation retirement, opt c
Retirement Date: June 29, 2018
Thompson, Jeannine, Group 1, Library Associate
Thirteen Years, Two Months Creditable Service
Superannuation retirement, opt b
Retirement Date : July 5, 2018
Hunter, Daniel, Group 1, Maintenance Worker Parks Dept
Fourteen Years, Three Months Creditable Service
Superannuation retirement, opt c
Retirement Date : June 29, 2018
School:
Soares, Diane, Group 1, Kitchen Manager
Thirty-Two Years Creditable Service
Superannuation retirement, opt c
Retirement Date: June 29, 2018
Executive Session:
Pursuant to MGL Chapter 30A, Section 21 (a)(3), the Board will enter into executive session to discuss ongoing litigation.
Next Meeting: