September 2018 Retirement Board Meeting

Section I: Regular Business:

Minutes:

Minutes of August 17, 2018                           Regular Meeting

Minutes of August 17, 2018                           Executive Session                     

Warrants: 

Warrant #7 Dated July 31, 2018                                 $       6,265,357.71 Final

Warrant #8 Dated August 31, 2018                            $       4,904,440.41 Partial

Warrant #9 Dated September 30, 2018                      $        4,708,399.37 Partial

Warrant #10 Dated October 31, 2018                         $               3,997.34 Partial           

Trial Balance as of July 31, 2018                               $ 183,348,197.82                   

Public Comment:

New/Old Business:

PERAC MEMOS:

Memo #25/2018:         Allowable Earnings Determination, pursuant to G.L. c. 32 sec 91A

Memo #26/2018:         Regular Compensation Status of Payments Made in Lieu of Unused Leave                                     Time

Memo #27/2018:         Direct Deposit Scam

Memo #28/2018:         Mandatory Retirement Board Member Training-4th Quarter 2018

Discussion: PERAC Memo #26/2018:

Board to discuss with Attorney Sacco his recommendations regarding Regular Compensation Status of Payments Made in Lieu of Unused Leave time.

Video Conferencing Equipment:

Board to review and discuss quotes from Comcast and Cleverminds

Workplace Hazards:

Dale Webber will lead a discussion regarding workplace hazards.

Investments:

Portfolio Review given by Anthony Tranghese from FIA

Manager Specific Investment Guidelines for Boston Advisor

Section II: Membership:

New Hires:

Town:

Boyles, Kristine, Group 1, Library Associate

Perm. Full-time: $767.23 weekly

Start Date: September 26, 2018

Myette, John, Group 1, Laborer-DPW Parks

Perm. Full-time: $757.38 weekly

Start Date: September 10, 2018

School:

Allen, Jamie, Group 1, Paraeducator

Perm. Full-time: $868.88 bi-weekly

Start Date: August 29, 2018

Curley, Christina, Group 1, Paraeducator

Perm. Full-time: $757.39 bi-weekly

Start Date: August 29, 2018

Dailey, Janine, Group 1, Special Needs Department Secretary

Perm. Full-time: $1,065.19 bi-weekly

Start Date: August 13, 2018

Dickess, Wendy, Group 1, Cafeteria Worker

Perm. Full-time: $919.49 bi-weekly

Start Date: August 29, 2018

Jankowski, Maria, Group 1, MSN Paraeducator

Perm. Full-time: $640.71 bi-weekly

Start Date: August 29, 2018

Lassige, Holly, Group 1, Paraeducator

Perm. Full-time: $944.27 bi-weekly

Start Date: August 29, 2018

Rudolph, King, Group 1, Custodian

Perm. Full-time: $1,560.15 bi-weekly

Start Date: August 27, 2018

Refunds:

Town:

Buote, Jonathan, Group 1, Motor Equipment Operator

One (1) Year, Nine (9) Months Creditable Service (7/11/2016-5/4/2018)

Total Refund Including FWT: 6,941.49

Brain, Jonathan, Group 1, Maintenance Worker

Three (3) Years Creditable Service (6/2/2014-6/27/2017)

Total Refund Including FWT: $12,478.60

Hickey, Michael, Group 1, Laborer

Two (2) Years, Two (2) Months Creditable Service (5/16/2016-7/20/2018)

Total Refund Including FWT: $8,379.25

McManus, Sean, Group 4, Police Officer

One (1) Year, Two (2) Months Creditable Service (1/8/2018-3/27/2018)

Total Refund Including FWT: $6,776.75

School:

Brown, Amy, Group 1, Secretary

Two (2) Months Creditable Service (8/10/2015-10/29/2015)

Total Refund Including FWT: $834.22

Hall, Lauri, Group 1, Home Visitor

Three (3) Years, Four (4) Months Creditable Service (11/6/2000-6/25-2004)

Total Refund Including FWT: $2,197.54

Transfers:

School:

Schulman, Felicia, Group 1, Paraeducator

Nine (9) Months Creditable Service (9/12/2016-6/19/2017)

Total Transfer to Plymouth County Retirement Board: $1,674.79

Retirements:

Town:

Govoni, Paul, Group 4, Fire Fighter

Twenty-two (22) Years Creditable Service

Superannuation retirement, opt c

Retirement Date: 10/21/2018

Keaton, James R., Group 1, Crossing Guard

Twelve (12) Years, Eleven (11) Months Creditable Service

Superannuation opt: b

Retirement Date: 8/30/2018

Curcio,Virginia M., Group 1, Itinerant Registered Nurse

Ten (10) Years Creditable Service

Superannuation opt: b

Retirement Date: 10/5/2018

Application for Section 9 Benefits:

Application for Section 9 benefits submitted by Katherine Turner, widow of Robert Turner, retired Police Officer, deceased June 20, 2018. 

Executive Session:

Pursuant to MGL Chapter 30A, Section 21 (a)(1), the Board will enter into executive session to hold an Evidentiary Hearing on the Ordinary Retirement Disability Application of retired Police Officer Paul Higgins.

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

Next Meeting: October 26, 2018