October 2022 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. 
Any member of the public that wishes to join the Plymouth Retirement Board Meeting remotely may call the Retirement Office at (508) 830-4170 or send an email to: karry@plymouthretirement.com

Section I: Regular Business:

Minutes:
Minutes of May 27, 2022 Regular Session
Minutes of June 24, 2022 Regular Session

Warrants: 
Warrant #8 Dated August 31, 2022 $   5,043,298.36 Partial
Warrant #9 Dated September 30, 2022 $   3,643,662.30 Partial
Warrant #10 Dated October 31, 2022 $    322,826.99 Partial
Warrant #11 Dated November 30, 2022 $        6,556.00 Partial
Trial Balance as of August 30, 2022 $ 

August 2022 Accounting Reports Presented to Board for Review:
Rockland Trust - Checking & Money Market Acct Statements
Treasurer’s Reconciliation – RTC Checking & Money Market Accts 
Trial Balance
Cash Receipts
Cash Disbursements
Adjustments
Public Comment:

New/Old Business:
Board to discuss the impact of an accidental disability retirement benefit on the System’s funding schedule. In attendance will be School Superintendent Christopher Campbell, Town Manager Derek Brindisi, and Plymouth Housing Director Geraldine Riendeau.
PERAC Memos:
Memo #24/2022: Mandatory Retirement Board Member Training – 4th Quarter, 2022
Memo #25/2022: Tobacco Company List
Memo #26/2022: Appropriation Data Due October 31, 2022
Memo #27/2022: Free State-sponsored Cybersecurity Training
2023 Budget:
Draft 2023 Budget for review and vote.

RFP for Legal Services:
Board to vote on the issuance of an RFP for Legal Services
Independent Audit:
Board to review audit engagement letter for the years ended December 31, 2022, 2023 and 2024, with the option to extend for 2025 and 2026 at no additional cost.  No increase in fees from current contract.
Investments:
Anthony Tranghese from Fiducient Advisors will give a Portfolio Update & Review.
Annual Investment Manager Reviews:
Wellington
Ameriprise/Columbia Threadneedle
Blackrock

Section II: Membership:

Section 91A Excess Earnings:
Kenneth Rood has excess earnings in the amount of $43,303.24. These funds will be deducted from his monthly retirement allowance for the period of December 2022 through December 2023.
Creditable Service Vote:
Kathryn Baggan, Paraeducator for Plymouth Public Schools has submitted a written request to ask the Board if they will grant her One (1) Month of Creditable Service for the month of April 2022. Ms. Baggan was out on unpaid approved FMLA Leave for the month of April 2022.

Option D Survivor Benefits Application:
Brian LaFountain, spouse of deceased member-in-service Jodi Lee LaFountain, has applied for Option D Survivor benefits.  Ms. LaFountain died on October 14, 2022.
New Hires:
Town:
9% Empoliti, Mark, Group 1, Plumbing and Gas Inspector
Perm. Full-time: $1,230.00 weekly
Start Date: September 26, 2022
9% Foley, Abigail, Group 1, Animal Control Officer
Perm. Full-time: $1,032.18 weekly
Start Date: October 11, 2022
9% Gallino, Elveera, Assistant Town Clerk
Perm. Full-time: $1,230.00 weekly
Start Date: October 3, 2022
9% Jenkins, Jacob, Group 1, Dispatcher
Perm. Full-time: $966.74 weekly
Start Date: September 26, 2022
9% Nordahl, Brendan, Group 1, Airport Coordinator
Perm. Full-time: $1,210.58 weekly
Start Date: September 18, 2022

School:
9% Balboni, Kaitlyn, Group 1, Paraprofessional
Perm. Full-time: $ 1,092.40 bi-weekly
Start Date: September 26, 2022
9% Bodell, Keri, Group 1, Custodian
Perm. Full-time: $1,804.00 bi-weekly
Start Date: September 19, 2022
9% Burke, Patricia, Group 1, Paraprofessional
Perm. Full-time $958.23 bi-weekly
Start Date: September 19, 2022
9% Cassidy, Lea, Group 1, Paraprofessional
Perm. Full-time: $1,104.53 bi-weekly
Start Date: September 26, 2022
9% DeOliveira, Remo, Group 1, Custodian
Perm. Full-time: $1,804.00 bi-weekly
Start Date: September 12, 2022
9% Hayes, Anne Marie, Group 1, Main Office Secretary
Perm. Full-time: $1,700.62 bi-weekly
Start Date: September 19, 2022
9% Keenan, Terri, Group 1, Paraprofessional
Perm. Full-time: $1,294.39 bi-weekly
Start Date: October 3, 2022
9% Liuzzi, April, Group 1, Paraprofessional
Perm. Full-time: $882.63 bi-weekly
Start Date: October 11, 2022
9% Lyons, Hope, Group 1, Cafeteria Worker
Perm. Full-time: $928.12 bi-weekly
Start Date: October 20, 2022
9% Rodriguez, Anthony, Group 1, Custodian
Perm. Full-time: $1,804.00 bi-weekly
Start Date: October 17, 2022
9% Ryan, Elisa, Group 1, Paraprofessional
Perm. Full-time: $1,248.60 bi-weekly
Start Date: September 26, 2022
9% Savoia, Susan, Group 1, Bus Driver/Coordinator
Perm. Full-time: $2,164.62 bi-weekly
Start Date: October 11, 2022
9% Tocci, Michael, Group 1, Paraprofessional
Perm. Full-time: $934.61 bi-weekly
Start Date: August 29, 2022

Refunds:

Town:
Hicks, Theodore, Group 1, Maintenance Worker
Six (6) Years, Two (2) Months Creditable Service (1/19/2016-9/14/2022)
Refund Amount Including FWT: $33,088.49

School:
Ellis, Robert, Group 1, Custodian
Refund of Deductions paid to the Retirement System for supplemental pay received while receiving Workers’ Compensation benefits.
Total refund including FWT: $1,039.94
Refund Date: October 31, 2022
Jesse, Barbara, Group 1, Bus Driver
Six (6) Years, Three (3) Months Creditable Service (8/1/2016-9/12/2022)
Total Refund Including FWT: $28085.80
Murphy, Patrick, Group 1, Custodian
Refund of Deductions paid to the Retirement System for supplemental pay received while receiving Workers’ Compensation benefits.
Total refund including FWT: $841.73
Refund Date: October 3, 2022

3(8)(c ) Liability:
School:
Christina Raeke, Group 1, former part-time Aide for the school department is currently a member of the Plymouth County Retirement Board.  Ms. Raeke worked part-time from March 1, 2010, through June 26, 2013, and was not allowed membership into the Plymouth Retirement System. If proper repayment of deductions and interest is made, will the Board take liability for this service?

Buybacks:
Town:
Mason, Martin, Group 4, Police, has requested to purchase five (5) months of creditable service for the period of 1/24/1994-6/20/1994 with the Plymouth County Sheriff’s Office.  Plymouth County Retirement Association will take liability for this service. Total buyback amount is $1,687.82.
Saba, Scott, Group 4, Firefighter, has requested to purchase one (1) year, ten (10) months of military service. Total military buyback is $7,841.64.

Transfers:
Coots, Holly, Group 1, Recreation Office Manager
Seven (7) Years, Two (2) Months Creditable Service (8/22/2014-10/25/2021)
Total Transfer to Norfolk County Retirement Board: $34,884.99

Retirements:

Town:
Alden, Paul, Group 4, Fire Captain
Thirty (30) Years, Four (4) Months Creditable Service
Superannuation Retirement: opt c
Retirement Date: December 1, 2022

School:
Baggan, Kathryn, Group 1, Special Needs Paraeducator
Thirteen Years (13) Years Creditable Service
Superannuation Retirement: opt b
Retirement Date: October 7, 2022

Executive Session:
Pursuant to MGL Chapter 30A, Section 21 (a)(3), the Board will enter into Executive Session to discuss ongoing litigation.
Pursuant to MGL Chapter 30A, Section 21 (a)(1), The Board will enter into Executive Session to hold an Evidentiary Hearing on the Accidental Disability Application of Matthew Sullivan.