January 20, 2017 - Retirement Board Meeting Agenda

Section I: Regular Business:

Minutes:

Minutes of December 16, 2016                      Executive Session

Minutes of December 16, 2016                      Regular Session

Warrants:

Warrant #11 Dated November 30, 2016                     $      3,202,446.97 Partial

Warrant #12 Dated December 31, 2016                     $      1,601,220.93 Partial

Warrant # 1 Dated January 31, 2017                          $         309,399.10 Partial

Warrant # 2 Dated February 28, 2017                        $             3,873.13 Partial

Trial Balance as of November 30, 2016                                 $151,626,094.26

Public Comment:

PERAC:

Letter from PERAC regarding Memo 22/2016, Pension Forfeitures & response from Atty. Michael Sacco.

PERAC MEMOS:

Memo #28/2016: 2016 Disability Data

Memo #29/2016: The Buyback of Call Firefighter Time

Memo #30/2016: 840 CMR 10:10(3) & 10:15(4)-Annual Review of Medical Testing Fee

Memo #1/2017: Updated Public Records Law (Chapter 121 of the Acts of 2016)

Memo #2/2017: The Binding Effect of PERAC’s Memoranda on all Retirement Boards

Memo #3/2017: 2017 Limits under Chapter 46 of the Acts of 2002

Memo #4/2017: 2017 Limits under Section 23 of Chapter 131 of the Acts of 2010

Memo #5/2017: COLA Notice

Memo #6/2017: Mandatory Retirement Board Member Training-1st Quarter 2017

Financial Statement Audits:

Draft Audit of Specific Elements, Accounts and Items of Financial Statements for year ended December 31, 2015, prepared by Powers & Sullivan

Final Financial Statements for year ended December 31, 2015, prepared by Powers & Sullivan

Section II: Membership:

New Hires:

Town:

9%       Burke, Dana, Group 1, Administrative Secretary

            Perm. Full-time: $730.32 weekly

            Start Date: January 9, 2017

9%       Burrey, Julie, Group 1, Library Technician

            Perm. Full-time: $582.66 weekly

            Start Date: January 3, 2017

9%       Dries, Jonathan, Group 1, Wastewater Forman-Sewer

            Perm. Full-time: $1,031.80 weekly

            Start Date: January 17, 2017

School:

9%       Delvental-Maloney, Kristin, Group 1, Paraprofessional

            Perm. Full-time: $652.73 bi-weekly

            Start Date: November 28, 2016

9%       King, Jeffrey, Group 1, Custodian

            Perm. Full-time: $1,542.23 bi-weekly

            Start Date: December 12, 2016

Retirements:

Town:

Fortini, Lynn, Group 1, Police Department Business Manager

39 years, 11 months

Superannuation retirement, opt a

Retirement date: December 30, 2016

DiLego, Constance, Group 1, Director of Elder Affairs

11 years, 3 months

Superannuation, option b

Retirement Date: January 6, 2017

O’Toole, Colman, Group 4, Police Department, Police Officer

31 years, 6 months

Superannuation retirement, opt c

Retirement Date: February 1, 2017

3(8)(c ) Liability:

School:

Lisa Halperin is a former part-time Paraprofessional.  She was not eligible for membership in the Plymouth Retirement System.  Ms. Halperin is now a member of the MA Teachers’ Retirement System.  She would like to purchase her prior service from January 1, 2012 through October 4, 2013.  If proper deductions and interest are deposited, will the Board accept one (1) year, three (3) months 3(8)(c ) liability for Ms. Halperin?

Section IV: Executive Session:

Pursuant to MGL Chapter 30A, Section 21 (a)(1). The Board will enter into executive session to hold a hearing on the Regional Medical Panel findings for the Involuntary Accidental /Ordinary Disability Application of Thomas Kelley.

Pursuant to MGL Chapter 30A, Section 21 (a)(1). The Board will enter into executive session to hold a hearing on the Regional Medical Panel findings for the Accidental Disability Application of Paul Jennings.

Pursuant to MGL Chapter 30A, Section 21 (a)(3), the Board will enter into executive session to hear from its Attorney regarding ongoing litigation.