Plymouth Retirement Board

PLYMOUTH RETIREMENT BOARD Friday, January 28, 2011 8:30 a.m. - Agenda

10 Cordage Park Circle Suite #240
Plymouth, MA 02360

Section I:  Regular Business – Regular Meeting

Minutes:

Minutes dated December 23, 2010:      Regular Board Meeting

Warrant:

Warrant dated November 30, 2010:     Final w/Trial Balance $3,316,440.65

Warrant dated December 31, 2010:    Partial $1,191,694.09

Warrant dated January 31, 2011:          Partial $328,738.49

Warrant dated February 1, 2011:          Partial $3,545.76

Public Comment:

Section II:  Solicitation & Correspondence:

PERAC Memo’s:

PERAC Memo #40/2010: 2010 Disability Retiree Data

PERAC Memo # 1/2011 : 840 CMR10:10(3)&10:15(4) - Annual Review of Medical Testing Fee

PERAC Memo # 2/2011: 2011 Interest Rate set at .2%

PERAC Memo #3/2011: 2011 Limits under Chapter 46 of the Acts of 2002

PERAC Memo #4/2011: COLA Notice

PERAC Memo #5/2011: Buyback and Make-Up Repayment Worksheets Using Buyback Interest

PERAC Memo #6/2011: Actuarial Data

PERAC Memo #7/2011: Calendar Year 2010 Annual Statements

PERAC Memo #8/2011: Investment Manager List

PERAC Memo #9/2011: Tobacco Company List

PERAC

Investments:

Comparison of Plymouth Retirement System & PRIT: 2008 – Nov 2010 – Net vs. Gross

Investment Correspondence:

Preliminary Performance Report from FIA – Gross of Fees @ December 31, 2010

Preliminary Performance Report from FIA – Net of Fees @ December 31, 2010

Fiduciary Advisors named in Top 100 Retirement Plan Advisors in Plan Advisor’s January 2011

PRIM Board 2010 Annual CAFR Report, dated December 20, 2010

PRIM Board Update – December 2010

State Street Global Advisors – Performance Analysis for December 31, 2010

State Street Global Advisors – Quarterly Investment Commentary for December 31, 2010

State Street Global Advisors – Market Outlook 4^th Quarter 2010

State Street Global Advisors – First Quarter 2011 Forecasts

Eaton Vance Market Insight – January 2011

Westfield Capital Management – 4^th Quarter 2010 Investment Commentary

Pending Pension Reform Legislation:

Gov. Patrick Announces Third Phase of Pension Reform Press Release

Proposed Pension Reform legislation by Rep. Brownberger of Belmont

Section III: Membership:

New Hires:

Town:

9%       DeMaio, Matthew D., Group 4, Firefighter

Perm. Full-time, $872.65 weekly

Start Date: 12/27/2010

9%       Garber, Wesley N., Group 4, Firefighter

Perm. Full-time, $872.65 weekly

Start Date: 12/27/2010

9%       Soell, Joshua C., Group 4, Firefighter

Perm. Full-time, $872.65 weekly

Start Date: 12/27/2010

9%       Correa, Chadwick J., Group 4, Firefighter

Perm. Full-time, $872.65 weekly

Start Date: 12/27/2010

9%       Milne, John W., Group 4, Firefighter

Perm. Full-time, $872.65 weekly

Start Date: 12/27/2010

9%       Sampson, Shaune E., Group 4, Firefighter

Perm. Full-time, $872.65 weekly

Start Date: 12/27/2010

9%       Murray, Thomas D., Group 4, Firefighter

Perm. Full-time, $872.65 weekly

Start Date: 12/27/2010

Refunds:

PHA:

Stefani, Richard, Housing Authority Employee

7 years & 11 months service (1/20/03-12/31/2010)

Total distribution including FWT: $49,998.87

Transfers:

School:

Transfer to MTRB

Terranova, Marita, Group1, Special Needs Aide

10 years 11 months of creditable service (9/7/94-6/12/07)

Total transfer: $45,766.84

Retirements:

Town:

Crombie, George R., Group1 DPW Director

10 years service (1/20/04 – 2/23/07) and (2/2/92-1/20/04 w/s)

Superannuation retirement, option c

Retirement date: February 1, 2011

New Business

Next Meeting:

Executive Session:

Pursuant to M.G.L. Chapter 39, Section 23B, Board to enter into executive session to hold an Accidental Disability evidentiary hearing for a Group 4 Fire Fighter.

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