Plymouth Retirement Board Agenda February 18, 2011
PLYMOUTH RETIREMENT BOARD Friday, February 18, 2011 8:30 a.m. - Agenda

10 Cordage Park Circle Suite #240
Plymouth, MA 02360

Section I:  Regular Business – Regular Meeting

Minutes:

Minutes dated January 28, 2011:                    Regular Board Meeting

Minutes dated January 28, 2011:                    Executive Session

Warrants:

Warrant dated December 31, 2010:                $1,989,412.02 & Trial Balance (unaudited)

Warrant dated January 31, 2011:                    $1,957,506.33 (Partial)

Warrant dated February 28, 2011:                  $2,167,756.35 (Partial)

Warrant dated March 31, 2011:                      $       3,545.76 (Partial)

Public Comment:

Section II: Solicitation & Correspondence:

PERAC Memo’s:

PERAC Memo #10/2011:  Video Presentation: How to Prepare 2010 Annual Statement

PERAC Memo #11/2011: Data Verification for PERAC’s 2010 Annual Report

Investment Correspondence:

Fiduciary Investment Advisors – Firm & Capital Markets Update

Fiduciary Investment Advisors – Perspectives on the Markets for 2011

Scott & Scott has sent the Town of Plymouth Retirement Board 4th Qtr. 2010 Quarterly Review Reports.

Wellington Management has sent the Town of Plymouth Retirement System’s Fourth Qtr. 2010, Investment Review

Boston Advisors has sent the Plymouth Retirement System Investment Review for 4th Qtr. 2010.

Franklin Templeton Institutional has sent the Fourth Qtr. 2010 TIF-Foreign Equity Series Quarterly Report.

State Street Global Advisors – Performance & Analysis for as of January 31, 2011

MacKay Shields has announced that Gary Goodenough, head of Investment Grade Investment Team, will retire from the first in two years. This retirement will not impact the System’s High Yield Fund with MacKay Shields.

Third Party Portfolio Monitoring

Robbins, Geller, Rudman & Dowd LLP has sent the Class Action Settlements Claims Due April 2011

Conferences:

NCPERS 2011 Annual Conference and Exhibition, May 22-26, 2011.

Section III: Membership:

Option D Application:

Application for Option D benefit for Gregory Santos, deceased February 9, 2011.

New Hires:

Town:

9%       Whitney, Theodore, Group 4, Police Officer

Perm. Full-time $ 833.65 weekly

Start Date:  02/07/2011

9%       Westgate, Dennis, Group 1, Asst. DPW Director

Perm. Full-time $88,957.44

Start Date:  01/19/2011

9%       Gurwitch, Jennifer, Group 1, Social/Outreach Worker COA

Perm. Full-time $38,966.72 weekly

Start Date:  02/14/2011

School:

9%       Anderson, Janet, Group 1, Date Processing Secretary

Perm. Full-time $963.81 bi-weekly

Stare Date:  1/5/2011

Refunds:

Town:

Castro, Hector D., Group 1, DPW Director

11 months creditable of service

Total Distribution Including FWT: $10,020.47

School:

Sullivan, Tracy A., Group 1, Special Needs Aide

13 years and 1 month of creditable service

Total Distribution Including FWT: $11,402.14

Rogers, Bert, R., Group 1, Custodian

8 years and three months of creditable service

Total Distribution Including FWT: $26,359.54

Buy Backs:

Ellen R. (Davis) Murphy, former School Department Title One Teacher, is now a member of Massachusetts Teachers’ Retirement System and has requested a buyback of service prior to membership. Will the Board vote to approve 3(8)(c ) liability of 4 months service for the period of October 1976 - March 1977?

Retirees:

Receipt of approved PERAC Medical Review for continued Disability Retirement of Charles L. Broder.

Receipt of approved PERAC Medical Review for continued Disability Retirement of Dennis M. Govoni

Retirements:

School:

Perry, Nancy, Group 1, Cafeteria Worker

15 years, 4 months service (10/20/95 – 3/4/11)

Superannuation retirement, opt c

Retirement date: March 4, 2011

Section IV: Executive Session:

Pursuant to MGL Chapter 30A, Section 21B, the Board will enter into executive session to discuss medical panel certificates and vote on two (2) accidental disability retirement applications.

Next Meeting:

February-18-2011.pdf 

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