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: