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March 2020 Retirement Board Meeting | Plymouth Retirement

March 2020 Retirement Board Meeting

Pursuant to Governor Baker’s March 12, 2020 Order Suspending Certain Provisions of the Open Meeting Law, G.L. c. 30A, §18, and the Governor’s March 15, 2020 Order imposing strict limitations on the number of people that may gather in one place, this meeting of the Plymouth Retirement Board is being conducted via remote participation. No in-person attendance of members of the public will be permitted, but every effort will be made to ensure that the public can adequately access the proceedings as provided for in the Order. Despite our best efforts, we are not able to provide for real-time access, and we will post a record of this meeting on the Retirement Board’s website as soon as we are able.

Any member of the public that wishes to join the Plymouth Retirement Board Meeting remotely may participate by following the instructions below:

Call this # 508-322-3983

When prompted for the ID# use this:

Conference ID 236942 then press the # button

Once on the call hit your MUTE button on your phone to prevent background noise on the call. If you want to participate in discussion and voting you will have to unmute your phone.

Section I: Regular Business:

Minutes:

Minutes of April 24, 2020                              Regular Meeting                                            

Warrants:              

Warrant #3 Dated March 31, 2020                                                     $ 3,377,312.52 Final   

Warrant #4 Dated April 30, 2020                                                       $16,819,824.22 Partial

Warrant #5 Dated May 31, 2020                                                        $  1,802,065.66 Partial

Warrant #6 Dated June 30, 2020                                                        $         6,180.00 Partial                                                          

Trial Balance as of March 31, 2020                                       $ 172,403,341.84

Public Comment:

New/Old Business:

Board Appointment:

Board to consider 5th Member appointment

PERAC MEMOS:

Memo #22/2020                      Delayed FY21 Appropriations

In-Person Medical Panel Waivers:

Board to vote Medical Panel Waiver for the Richard Brown III

Investments:

TALF RFP-Board to potential investment opportunity

Portfolio Update and Review

Section II: Membership:

Refunds:

School:

Tirrell, Brenda, Group 1, Paraprofessional;

Eleven (11) Months Creditable Service (10/15/2002-12/21/2006)

Total Refund Including FWT: $705.61

Transfers:

Town:

Parker, Ryan, Group 4, Police Officer

Four (4) Years, Eleven (11) Months Creditable Service (1/20/2015-1/3/2020)

Total Transfer to State Retirement Board: $33,571.60

Wilson-Medeiros, James, Group 1, Maintenance Worker

Two (2) Years, Six (6) Months Creditable Service (9/11/2017-3/13/2020)

Total Transfer to Bristol County Retirement Board: $10,283.36

Buybacks:

School:

Martin, Michael, Group 1, ISS Supervisor, has requested to purchase prior part-time Paraprofessional Tech Aide service with the Town of Plymouth School Department from January 22, 2013, through October 17, 2014. Nine (9) Months Creditable Service.

Total Buyback Amount: $1,869.76.

Martin, Michael, Group 1, ISS Supervisor, has requested to purchase Two (2) Years, and Eleven (11) Months, of Military Service. Total Buy Back Amount: $11,353.18

Retirements:

Town:

Lane Jr., Eugene, T., Group 4, Fire Fighter

Thirty-Two (32) Years, Nine (9) Months Creditable Service

Superannuation Retirement: option c

Retirement Date: May 7, 2020

Kashi, Sid, S., Group 1, Town Engineer

Thirty-Three (33) Years Creditable Service

Superannuation Retirement: option c

Retirement Date: June 19, 2020

Firth, Russell, Group 1, Town Surveyor GIS Analyst

Thirty (30) Years, Ten (10) Months Creditable Service

Superannuation Retirement: opt a

Retirement Date: May 18, 2020

School:

Stracuzzi, Mary, A., Group 1, Main Office Secretary

Twenty-Six (26) Years, Five (5) Months Creditable Service

Superannuation Retirement: option c

Retirement Date: June 30, 2020

Tringale, Patricia E., Group 1, Guidance Secretary

Twenty-Six (26) Years, Two (2) Months Creditable Service

Superannuation Retirement: option c

Retirement Date: June 30, 2020

Executive Session:

Pursuant to MGL Chapter 30A, Section 21 (a)(3), the Board will enter into executive session to discuss ongoing litigation.