PLYMOUTH RETIREMENT BOARD - AMENDED AGENDA
Friday, January 27, 2012 8:30 a.m.
10 Cordage Park Circle, Suite 240 Plymouth MA 02360
Section I: Regular Business:
Minutes:
Minutes dated December 23, 2011: Regular Board Meeting
Warrants:
Warrant #11, dated November 30, 2011 $2,308,684.06 Final
Warrant #12, dated December 31, 2011 $1,195,755.33 Partial
Warrant # 1, dated January 31, 2012 $ 292,671.77 Partial
Warrant # 2, dated February 1, 2012 $ 3,545.76 Partial
Trial Balance: November 2011 $103,891,531.42
Public Comment:
Section II: General Correspondence:
MACRS Notification of Continuing Education Hours at the Spring Conference for Board
and Staff Members
PERAC Memo's:
PERAC Memo #43/2011: 840 CMR 10:10(3) & 10:15(4)-Annual Review of Medical Testing Fee
PERAC Memo #44/2011: Taxation and Reporting Requirements Workbook, Form 1099R Overview
PERAC Memo #1/2012: Chapter 268A Compliance Pledge (See Counsel Letter dated 1/18/2012)
PERAC Memo #2/2012: Local Option Increasing Board Members' Stipend
PERAC Memo #3/2012: Tobacco Company List
PERAC Memo #4/2012: Annual Eligibility Certification
PERAC Memo #5/2012: 2012 Interest Rate set at 0.1%
PERAC Memo #6/2012: Preparation of the Annual Statement Classes
PERAC Memo #7/2012: Placement Agent Policy Implementation
PERAC Memo #8/2012: Evergreen Clause Legislation – Amendment of Chapter 150E
PERAC Memo #9/2012: Actuarial Data Request from PERAC – deadline 3/31/2012
PERAC Memo #10/2012: 2012 Limits on retirement benefit under Chapter 46 of the
Acts of 2002
PERAC Memo #11/2012: 2012 Limits for calculation of benefits under Section 23 of
Chapter 131 of the
Acts of 2010
PERAC Memo #12/2012: Buyback and Make-up Repayment Worksheets
Using Buyback Interest
PERAC Memo #13/2012: COLA Notice
PERAC Memo #14/2012: Local Option Increasing Minimum Allowance in G.L. c. 32 § 12 Sections 29 and 30 of Chapter 176 of the Acts of 2011
PERAC Memo#15/2012: Procurement Under Chapter 176 of the Acts of 2011
INVESTMENTS
Board to consider a commitment to the following commingled funds:
Commingled Accounts:
Wellington Management Core Bond Fund Series 1
Wellington Management Opportunistic Investment Allocation
Received: Impacts to Portfolio
Wellington Management Research Equity Fund
Wellington Management Legacy PPIF Fund (Locked Commitment)
Wellington Management Reports 12/31/2011
Babson Capital Management Babson Floating Rate Income Fund
Received: * Outlook Summary as of 12/31/2011
BlackRock BlackRock Global Allocation Fund
INVESCO High Yield Fund
State Street Global Advisors SSgA S&P 500 Index NL Fund
Received: *Notification received of Amended and restated Declaration of Trust governing SSGA Received: *Commingled investment funds discussion.
Received: *Copy of Certificate of Liability
Insurance received.
Received: *Quarterly Investment Commentary
Received: * Introduction of Beta Book
Eaton Vance Large Cap Value Fund:
Received: * Equity Market Insight
Franklin Templeton Templeton Foreign Equity Series A
PRIT RIT Core Real Estate Fund Amendment not Applicable
PRIT Vintage Year Portfolios 2006-2011 (Locked
Commitment) Amendment not Applicable
Received: *PRIM Board 2011 Annual Comprehensive Annual Financial (CAFR) Report
Received: *PRIM update Report as of 12/31/2011
Received: * Update for documentation of signers for Account (Letter of Encompency)
Intercontinental Real Estate Intercontinental REIF Fund IV (Locked
Commitment)
Monitoring Consultants
Robbins Geller Rudman & Dowd Amendment 5 year
Labaton Sucharow Amendment Amendment January 1, 2012- Dec. 31, 2016
Scott & Sott: Notification of available Claim filing –
*State Street Custody filing claim for
system.
Investment Contracts: Active Managemenet
Boston Trust Amendment 2/1/12-1/31/2017
Boston Advisors Amendment 2/1/12-1/31/2017
Westfield Capital Amendment 2/1/12-1/31/2017
*ADV Annual Amendment Documents as of: 12/21/2011
* Large Cap Growth Equity Investment 4th Qtr Commentary
Custodian:
State Street Custody Amendment 1/1/2012-12/31/2016
Investment Consultant
Fiduciary Investment Advisors - Amended Contract 2/1/2012-1/31/2017
& Adjustment of fees for Additional RFP's Received: * 12/31/2011 FIA Flash Report
Actuarial:
Stone Consulting Engagement Letter 1/2012-2/2016
Legal
Correspondence from the IRS, received on 1/10/12: Waiver of penalty notification
received.
Response from Counsel to PERAC Memo# 1/2012 Board Member Chapter 268A
Compliance Pledge.
Legislation
Board to consider acceptance of Chapter 176, Acts of 2011, Section 48, that will increase the minimum retirement allowance to $15,000, for retirees with 25 years of service at retirement.
Correspondence:
Section III: Membership:
New Hires:
Town:
9% Genovese, Samuel, Group 4, Firefighter
Perm. Full-time, $872.65 weekly
Start Date: January 9, 2012
9% Hadfield, Beth, Group 1, COA-Activities Coordinator
Perm. Full-time, $552.50 weekly
Start Date: January 17, 2012
9% Jordan, Joshua, Group 4, Firefighter
Perm. Full-time, $872.65 weekly
Start Date: January 9, 2012
9% Lovendale, Daniel, Group 4, Firefighter
Perm. Full-time, $872.65 weekly
Start Date: January 9, 2012
School:
9% Hoey, Sean, Group 1, Custodian
Perm. Full-time, $1,359.20 bi-weekly
Start Date: January 3, 2012
Retirements:
Town:
Neri, Alan C., Group 1, Police Department Patrolman
17 years, 10 months service (6/1/98 – 4/8/12)
Superannuation retirement, opt c
Retirement date: April 8, 2012
School:
Richardson, Susan L., Group 1, Data Processing Secretary
17 years, 4 months service (9/12/94 – 2/3/12)
Superannuation retirement, opt b
Retirement date: February 3, 2012
Buy Backs & 3(8)(c) Liability:
School:
Carol-Ann (Cimina) Comperchio, former Title I Tutor for the Plymouth School Department, has requested a buy back of five (5) months service for the period of December 1, 1979 –June 30, 1980. Ms. Comperchio was never a member of the Retirement System. Will the Board accept 3(8)(c) liability for Ms. Comperchio?
Section IV: Executive Session:
Pursuant to MGL Chapter 30A, Section 21(a)(3) and Section 5, the Board will enter into Executive Session to discuss the legal strategy for current litigation matters.
Next Meeting:
| < Prev | Next > |
|---|
