10 Cordage Park Circle Suite #240 Plymouth, MA 02360
Section I: Regular Business – Regular Meeting
Minutes:
Minutes dated August 26, 2011: Regular Board Meeting
Minutes dated August 26, 2011: Executive Session
Warrants:
Warrant dated July 31, 2011: $15,017,706.58 (Final)
Warrant dated August 31, 2011: $ 1,420,043.87 (Partial)
Warrant dated September 30, 2011: $ 92,672.78 (Partial)
Warrant dated October 1, 2011: $ 3,545.76 (Partial)
Trial Balance:
1/1/2011-7/31/2011 Assets: $117,921, 587.81
Public Comment:
Section II: Solicitation & Correspondence:
Investment Correspondence:
The Board received the following investment correspondence:
August 31, 2011 Wellington Performance Report
Attorney Correspondence re:Babson Floating Rate regarding statutory restrictions of
PERAC
Eaton Vance Performance Report 8/31
Babson Capital Market Update
SSGA Performance Update
Invesco: Balanced-Risk Commodity Strategy Fact Sheet, Pemia Plus Fact Sheet
General Information – O'Melveny & Myers – China Review
SSGA Contact Changes
Wellington Summary on European Debit Crisis
FIA: Capital Markets Flash Report dated August 2011
Conference
Prim's Investment conference – Nov 3, 2011 Bentley University, Waltham, MA
Third Party Monitoring:
Robbins Geller Rudman & Dowd notifications of class action settlements claims Due
10/7/11-10/22/11
Legal:
Letter from Michael Sacco dated 9/7/11, regarding: Fifth Amended and Restated Declaration of Trust regarding State Street Bank and Trust Company Investment Funds for Tax Exempt Retirement Plans
Section III: Membership:
New Hires:
School:
9% Collyer, Steven, Group 1, Custodian
Perm. Full-time $1,359.20 bi-weekly
Start Date: 08/01/2011
Refunds:
Town:
Lovato, Myra, Group 1, Police Dispatcher
3 years, 9 months service (10/15/07 – 7/31/11)
Total distribution, including FWT: $14,811.53
School:
Gillis, Jeanne, Group 1, Special Needs Aide
9 years, 7 months service (11/12/96 – 6/12/06)
Total distribution: $7,889.53 (Rollover)
Transfers:
Town:
Morgan, Patricia, Group 1, Procurement Assistant
8 years, 1 month total service
(3 months with Plymouth Retirement System 4/11/11 – 7/14/11)
Tranferred to: Natick Retirement Board
Total transfer: $47,028.07
3(8)( C Liability:
Ryan (Brown), Marjorie, former Substitute and Physical Education Teacher, worked for the Plymouth School Department from January 1977, through February 1979. Ms. Ryan (Brown) was not allowed membership into the Retirement System. Ms. Ryan (Brown) is currently a member of the MTRB and would like to purchase this 1 year and 1 month of service. Will the Board accept 3(8)(c ) liability for this Substitute and Teacher Employment?
Victor Pasolini, former Plymouth South High, Night Bus Driver, has requested a buy back of four (4) months service for the period of September 1997 through June 1998. Mr. Pasoloni was never a member of the Retirement System. Will the Board accept 3(8)(c) liability for Mr. Pasolini?
Retirements:
Town:
Spivey, Nancy A., Group 1, Program Coordinator
13 years, 10 months (11/4/97 – 9/30/11)
Superannuation retirement, option c
Retirement date: September 30, 2011
School:
Donnelly, Michael, Group 1, Custodian
23 years service (8/18/88 – 8/30/11)
Superannuation retirement, option c
Retirement date: August 30, 2011
Budget
Chairman will make a recommendation for adjustment to 2011 budget to be consistent with Town cost of living payment.
Section IV: Executive Session:
Pursuant to MGL Chapter 30A, Section 21(a)(3) and Section (5), the Board will enter into executive session to Vote on Accidental Disability Retirement Application of Robert Ferrari, former Group 4 Firefighter.
Pursuant to MGL Chapter 30A, Section 21(a)(3) and Section (5), the Board will enter into executive session to discuss pending litigation with Jeffrey McGinnis, former Airport Supervisor.
Pursuant to MGL Chapter 30A, Section 21(a)(3) and Board to discuss pending litigation on various matters.
Next Meeting:
Annual Manager Review Meeting: Wednesday, September 28, 2011
Regular October Board Meeting: Friday, October 21, 2011
Annual Manager Review Meeting: Wednesday, November 16, 2011
Regular November Board Meeting: Wednesday, November 30, 2011
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