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Plymouth Retirement Board

Plymouth Retirement Board Agenda July 30, 2010

PLYMOUTH RETIREMENT BOARD Friday, July 30, 2010 8:30 a.m. - Agenda - 10 Cordage Park Circle Suite #240 Plymouth, MA 02360

Section I: Regular Business – Regular Meeting

Public Comment:

Minutes:

Minutes dated June 25, 2010: Regular Board Meeting

Minutes dated June 25, 2010: Executive Session

Retirement System Financial:

Trial Balance May 2010 $99,692,714.71 (Final)

Warrants for Approval:

Partial: August 2010

Partial: July 2010

Partial: June 2010

Section II: Solicitation & Correspondence:

Educational Meetings:

MACRS Summer Education: August 17, 2010

PERAC Emerging Issues Forum: September 15, 2010

Investment Correspondence:

Eaton Vance July 2010 Market Insight Report

PERAC Investment News #24

FIA Capital Market Flash Report

State Street Global Advisors Quarterly Investment Commentary for June 30, 2010

Wellington Management Performance Summary for June 30, 2010

Templeton Global Equity Overview & Client Conference Call for July 2010

Eaton Vance Summery 6/30/10

2010 Annual Investment Manager Review

MacKay Shields

Wellington Management

Tyler Technologies (TACS): Termination

PERAC Memo’s:

PERAC Memo #25/2010: Termination Allowances G.L. c 32 sec 10(2)

PERAC Memo #26/2010: Reinstatement to Service under G.L. c 32, sec 105

PERAC Memo #27/2010: Cost of Living Increase for Supplemental Dependent Allowance Paid to Accidental Disability Retirees and Accidental Death Survivors

PERAC Memo #28/201: Fiscal Year 2011 Budget Items Relating to Public Retirement, Chapter 131 of the Acts of 2010

PERAC Memo #29/2010: Investment Manager List

PERAC Memo #30/2010: Tobacco Company List

PERAC Memo #31/2010 Refund to Members changes

PERAC has sent their Financial Bulletin for the Second Quarter 2010

PERAC Investment Report 2009

Election Results:

In accordance with 840 CMR 7.05: Declaration of elected retirement board officers to a three year term.

Legal:

Attorney/Client correspondence dated 7/1/2010 regarding litigation response from Appeal Board.

Board to discuss remand for medical panel of 6/23/10.

Portfolio Monitoring Correspondence:

Notification from Richard Lorant of Berman DeValerio regarding a potential suit against a company called Amedysis for suspected Medicaid/Medicare fraud.

Scott & Scott Quarterly Report for period ended June 30, 2010

Open Meeting Law Regulations & Guidelines:

Board to review the new Open Meeting Law Regulations and Guidelines and sign the acknowledgement certification.

Section III: Membership:

New Hires:

School:

9% Yee, Rushell, Group 1, Secretary

Perm. Full-time, $907.35 bi-weekly

Start date: 7/6/2010

9% Collyer, Steven, Group 1, Secretary

Perm. Full-time, $1,332.58 bi-weekly

Start date: 7/12/2010

Buy Backs:

Town:

Derrick M. Fernandes Sr., a former Parks Department Seasonal employee, is now a member of the State Retirement Board and has requested a buy back of service prior to membership. Will the Board vote to approve 3(8)c liability of 6 months service for the period of July through September in the years of 1988 and 1989?

Refunds:

Town:

Donahey, Ellen A, Group 1, Library Tech

10 years, 11 months service (11/19/97 – 7/1/09)

Total distribution, including FWT: $5,311.74

Retirements:

Town:

Baker, Kenneth, Group 4, Police Officer

32 years service (9/6/79 – 8/9/10)

Superannution retirement, option c

Retirement date: August 9, 2010

Douylliez, Arthur, Group 1, Maint. Superintendent