February 23, 2018 Retirement Board Meeting Agenda
Section I: Regular Business:
Minutes:
Minutes of January 26, 2018 COLA Vote
Minutes of January 26, 2018 Executive Session
Minutes of January 26, 2018 Regular Meeting
Warrants:
Warrant #12/2017, Dated December 31, 2017 $2,762,723.28 Final
Warrant #1/2018, Dated January 31, 2018 $3,385,099.95 Partial
Warrant #2/2018, Dated February 28, 2018 $ 451,547.99 Partial
Warrant #3/2018, Dated March 31, 2018 $ 3,997.34 Partial
Trial Balance: $177,656,830.82
Public Comment:
New/Old Business:
PERAC MEMOS
Memo #6/2018: Buyback and Make-up Repayment Worksheets
Memo #7/2018: NCPERS 2018 State and Federal Legislation Webcast – Three Credits
Memo #8/2018: Actuarial Data
Memo #9/2018: 840 CMR 10:10(3) & 10:15(4)-Annual Review of Medical Testing Fee
Memo #10/2018: 2018 Interest Rate set at 0.1%
Memo #11/2018: Investment Related Issues and Concerns
Investments:
Anthony Tranghese from FIA will review the Fourth Qtr. 2017 Report and the Global Multi-Asset RFP Summary
Section II: Membership:
New Hires:
Town:
9% Fallon, Kaitlin, Group 1, Administrative Secretary – Police
Perm. Full-time: $752.24 weekly
Start Date: February 5, 2018
9% Genao, Silvio, Group 1, Assistant Director of Public Works
Perm. Full-time: $1,632.69 weekly
Start Date: March 12, 2018
9% Logan, Joshua, Group 1, Building Custodian – Maintenance Division
Perm. Full-time: $757.38 weekly
Start Date: February 20, 2018
9% Lorenzetti, Adam, Group 4, Police Officer
Perm. Full-time: $996.32 weekly
Start Date: January 8, 2018
9% Morse, Wayne, Group 1, Heavy Motor Equipment Operator – Highway
Perm. Full-time: $819.20 weekly
Start Date: February 20, 2018
9% Sprague, Marc, Group 1, Heavy Motor Equipment Operator - Solid Waste
Perm. Full-time: $819.20 weekly
Start Date: February 18, 2018
9% Walkden, Wayne, Group 1, Facilities Manager – DPW
Perm. Full-time: $1,480.90 weekly
Start Date: February 6, 2018
School:
9% Battles, Brianne, Group 1, Paraprofessional
Perm. Full-time: $791.69 bi-weekly
Start Date: February 12, 2018
9% Delorie, William, Group 1, MSN Paraeducator
Perm. Full-time: $694.98 bi-weekly
Start Date: January 16, 2018
9% Maggiani, David, Group 1, Cafeteria Manager
Perm. Full-time: $1,530.27 bi-weekly
Start Date: January 2, 2018
Buybacks:
Town:
Garuti, Carol, Group 1, Administrative Assistant, has requested to purchase prior service from February 2, 1997 through August 3, 1997 with the Town of Plymouth Clerk’s Department.
Total Buyback Amount: $1,939.51
Refunds:
Town:
Logan, Patrick, Group 1, Assistant Harbor Master
Refund of Non-Taxable Deductions paid towards an incomplete Military Buyback
Mr. Logan resigned on July 3, 2015.
Total Refund: $1,740.00
School:
Moniz, John, Group 1, Paraeducator
Three (3) Years Creditable Service (8/29/2016-1/5/2018)
Total Refund Including FWT: $5,755.64
Transfers:
Town:
Logan, Patrick, Group 1, Assistant Harbor Master
Two (2) Years Creditable Service (7/2/2013-7/3/2015)
Total Transfer to State Retirement Board: $9,543.94
Mayo, Nicholas, Group 1, Local Inspector B
Two (2) Years, Two (2) Months Creditable Service (9/1/2015-11/27/2017)
Total Transfer to Barnstable County Retirement Board: $12,093.15
School:
Murphy, Shelly, Group 1, Paraeducator
Ten (10) Years, Nine (9) Months Creditable Service (8/31/2004-3/10/2017)
Total transfer to Barnstable County Retirement Board: $19,307.93
Retirements:
Town:
Fox, Christine, Group 1, Cash Manager
Eighteen (18) Years, Five (5) Months Creditable Service
Superannuation opt: b
Date of Retirement: January 17, 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:
