January 26, 2018 Retirement Board Meeting Agenda
Section I: Regular Business:
Minutes:
Minutes of December 15, 2017 Regular Meeting
Minutes of December 15, 2017 Executive Session
Warrants:
Warrant #11/2017, Dated November 30, 2017 $ 8,516,248.74 Final
Warrant #12/2017, Dated December 31, 2017 $ 1,619,156.79 Partial
Warrant #1/2018, Dated January 31, 2018 $ 1,803,043.08 Partial
Warrant #2/2018, Dated February 28, 2018 $ 3,997.34 Partial
Trail Balance: $169,917,937.41
Public Comment:
New/Old Business:
PERAC MEMOS:
Memo #36/2017: Information Needed for Calculation Approvals
Memo #37/2017: 3(8)(c) Reimbursements and PERAC Calculation Policy 15-001
Memo #38/2017: 2017 Disability Data
Memo #1/2018: 2018 Limits under Chapter 46 of the Acts of 2002
Memo #2/2018: 2018 Limits under Section 23 of Chapter 131 of the Acts of 2010
Memo #3/2018: COLA Notice
Memo #4/2018: Tobacco Company List
Memo #5/2018: Mandatory Retirement Member Training – 1st Quarter 2018
Investments:
Investment Performance:
Anthony Tranghese of FIA will be present to discuss investment performance at December 31, 2017.
Templeton International Equity Fund/Wilmington Trust, N.A.:
Discussion regarding Templeton’s notice that Wilmington Trust, N.A. will be providing services in the System’s investment with Templeton in the International Equity Fund. Sandi Schoren-Testa of Templeton will be available by telephone to speak with the Board.
Section II: Membership:
New Hires:
Town:
9% Abbott, Richard, Group 4, Firefighter
Perm. Full-time: $1,037.83 weekly
Start Date: January 2, 2018
9% Atwood, Joshua, Group 1, Heavy Motor Equipment Operator – Highway
Perm. Full-time: $819.20 weekly
Start Date: January 16, 2018
9% Barry, Andrew, Group 4, Police Officer
Perm. Full-time: $996.32 weekly
Start Date: January 22, 2018
9% Beane, Brendan, Group 4, Firefighter
Perm. Full-time: $1,037.83 weekly
Start Date: January 2, 2018
9% Brennan, Michael, Group 4, Firefighter
Perm. Full-time: $1,037.83 weekly
Start Date: January 2, 2018
9% Coelho, Christopher, Group 4, Firefighter
Perm. Full-time: $1,037.83 weekly
Start Date: January 2, 2018
9% Coon, Eric, Group 4, Police Officer
Perm. Full-time: $996.32 weekly
Start Date: January 22, 2018
9% Foley, Thomas, Group 4, Police Officer
Perm. Full-time: $996.32 weekly
Start Date: January 22, 2018
9% Gorham, Kyle, Group 4, Police Officer
Perm. Full-time: $996.32 weekly
Start Date: January 8, 2018
9% Kierstead, Nathan, Group 4, Firefighter
Perm. Full-time: $1,037.83 weekly
Start Date: January 2, 2018
9% Larivee, Patrick, Group 4, Firefighter
Perm. Full-time: $1,037.83 weekly
Start Date: January 2, 2018
9% McManus, Sean, Group 4, Police Officer
Perm. Full-time: $996.32 weekly
Start Date: January 8, 2018
9% O’Neill, Gerald, Group 1, Local Inspector B
Perm. Full-time: $ 1,079.23 weekly
Start Date: January 9, 2018
9% Pimental, Richard, Group 4, Firefighter
Perm. Full-time: $1,037.83 weekly
Start Date: January 2, 2018
9% Reynolds, John, Group 4, Firefighter
Perm. Full-time: $1,037.83 weekly
Start Date: January 2, 2018
9% Smythe, Richard, Group 4, Police Officer
Perm. Full-time: $996.32 weekly
Start Date: $January 22, 2018
9% Walsh, Brett, Group 4, Police Officer
Perm. Full-time: $996.32 weekly
Start Date: January 22, 2018
School:
9% Keefe, Jeffrey, Group 1, Custodian
Perm. Full-time: $1,560.15 bi-weekly
Start Date: December 26, 2017
9% Macomber, Kelly, Group 1, PYDC Program Coordinator
Perm. Full-time: $2,146.15 bi-weekly
Start Date: January 2, 2018
9% Medeiros, Stacie, Group 1, Paraeducator
Perm. Full-time: $927.89 bi-weekly
Start Date: November 27, 2017
9% Panek, Jacob, Group 1, Carpenter
Perm. Full-time: $2,388.62 bi-weekly
Start Date: December 26, 2017
9% Sylvia, William, Group 1, 2nd Shift Custodian
Perm. Full-time: $780.00 bi-weekly
Start Date: January 8, 2018
9% Welling, Lisa, Group 1, Clerical Paraeducator
Perm. Full-time: $674.67 bi-weekly
Start Date: January 2, 2018
Buybacks:
Town:
Indeglia, Shane, Group 1, Library Associate, has requested to purchase prior part-time service from April 3, 2017 through July 30, 2017 with the Plymouth Public Library.
Total Buy Back Amount: $404.13
Retirements:
Town:
Bumpus, Jane M., Group 1, Administrative Secretary
Ten (10) Years, Four (4) Months Creditable Service
Superannuation opt: a
Date of Retirement: January 5, 2018
Hutchinson, Eric, Group 1, Special Motor Equipment Operator
Twenty-Five (25) Years, Five (5) Months Creditable Service
Superannuation opt: b
Date of Retirement: December 21, 2017
Warnock III, Charles R., Group 4, Detective
Thirty-Two Years and Four Months Creditable Service
Superannuation opt: c
Date of Retirement: January 12, 2018
School:
Silva, Steven R., Group 1, Custodian
Twenty-One years, Eleven Months Creditable Service
Superannuation opt. c
Date of Retirement: January 11, 2018
Request for Information:
Retired State, County and Municipal Employees Association of Massachusetts is conducting a membership drive and has requested a current listing of all retirements from the past 5 years. Information requested is names, addresses, email addresses and telephone numbers. Board to vote on the release of this information.
Payroll Adjustment:
Jeffrey McGinnis, ADR retiree, is due an amount of $27,191.64. Mr. McGinnis was recalculated in August 2011 after the purchase of a stipend that was not included in his earnings subject to retirement. The updated retirement allowance was not implemented and Mr. McGinnis was paid at the old rate for the period of June 23, 2010 through December 31, 2017.
Executive Session:
Pursuant to MGL Chapter 30A, Section 21 (a)(3), the Board will enter into executive session to discuss ongoing litigation.
Next Meeting: