PLYMOUTH RETIREMENT BOARD
Friday, February 17, 2012 8:35 a.m.
10 Cordage Park Circle, Suite 240 Plymouth MA 02360
Section I: Regular Business:
Minutes:
Minutes dated December 23, 2011: Regular Board Meeting
Minutes dated January 27, 2012: Regular Board Meeting
Minutes dated January 27, 2012: Executive Session
Warrants:
Warrant #12, dated December 31, 2011: $1,730,227.37 (Partial)
Warrant # 1, dated January 31, 2012: $1,415,705.72 (Partial)
Warrant # 2, dated February 29, 2012: $ 241,717.73 (Partial)
Warrant #3, dated March 31, 2012 $ 3,545.76 (Partial)
Public Comment:
Section II: General Correspondence:
PERAC Memo's:
PERAC Memo #16/2012: Retirement Board Member Data
PERAC Memo #17/2012: Shift Substitution, Creditable Service and Regular Compensation
PERAC Memo #18/2012: Special Counseling for Members Seeking to Withdraw Their Funs
PERAC Memo #19/2012: 2011 Statement of Financial Interests
Correspondence:
Robbins Geller Rudman & Dowd LLP: Class Action Settlements Due March 2012
Legislation
Draft proposed legislation discussion – Section 91 of Chapter 32
Conferences:
NCPERS Annual Conference, May 6 – 10, 2012
Section III: Membership:
New Hires:
Town:
9% Young, Steven, Group 1, DPW Maintenance Floater
Perm. Full-time, $686.00 weekly
Start Date: February 6, 2012
9% Benedict, David, Group 1, DPW Heavy Equipment Opr.
Perm. Full-time, $659.60 weekly
Start Date: February 6, 2012
9% Meaney, Theresa, Group 1, DPW Maintenance Wkr.
Perm. Full-time, $686.00 weekly
Start Date: February 6, 2012
9% Bongiovanni, Michael, Group 1, DPW Laborer
Perm. Full-time, $659.60 weekly
Start Date: February 6, 2012
9% Blanchard, Joseph, Group 1, DPW Motor Equipment Opr.
Perm. Full-time, $659.60 weekly
Start Date: February 6, 2012
School:
9% Loranger, Evon, Group 1, Secretary
Perm. Full-time, $907.35 bi-weekly
Start Date: January 23, 2012
Refunds:
Town
Connelly, Jessica, Group 1, Branch Librarian
14 years service (7/15/96 – 5/12/11)
Total Distribution – Rollover: $41,834.42
Keane, Karen M., Group 1, Library Tech.
Three Years, 1 Month Creditable Service (5/03/2006 - 7/01/2009)
Total Distribution, including FWT: $2,664.45
Lovato, Myra, Group 1, Police Dispatcher
3 years, 9 months service (10/15/07 – 7/31/11)
Retro Deductions Refunded: $5.50
School:
Butler, Sandra, Group 1, Paraprofessional
1 years, 8 months service (9/26/05 – 6/12/07)
Total distribution - Rollover: 2,262.90
Noonan, Cheryl A, Group 1, Cafeteria Worker
4 years service (10/22/07 – 11/21/11)
Total distribution, including FWT: 2,718.59
Senior-Larson, Elise, Group 1, Student Activities Monitor
7 months service (2/5/07 – 9/21/07)
Total distribution, including FWT: $129.44
Tobin, James C., Group 1, Energy Conservation Coord.
Four Years, 1 Month Creditable Service (8/22/2005 – 4/28/2010)
Total distribution including FWT: $32,124.67
Transfers:
McNamara, Patrick M, Group 4, Police Officer
11 months service (11/15/10 – 10/17/11)
Transferred to: State Retirement Board
Total transfer: $3,651.66
Morgan, Patricia, Group 1, Procurement Clerk
Add'l retro deductions received: $ .76
Transferred to: Natick Retirement Board
Total transfer: $ .76
Retirements:
Plymouth Housing Authority:
Pimental, Joan C., Group 1, Executive Director
37 years, 1 month service (7/14/75 – 1/31/12)
Superannuation retirement, opt c
Retirement date: January 31, 2012
Buy Backs & 3(8)(c) Liability:
School:
Nancy A. Rozak (Jones), former Lab Aide for the Plymouth School Department, has requested a buy back of three (3) years and four (4) months creditable service for the period of September 24, 1991, through June 30, 1998. Ms. Rozak was never a member of the Retirement System. Will the Board accept 3(8)(c) liability for Ms. Rozak?
Option D Survivor Benefits:
James Walsh, spouse of deceased member, Linda Walsh (died 2/3/12), has submitted an application for survivor benefits. Ms. Walsh had 15 years, 4 months creditable service with the School Department as a Teachers Aid for the period of September 4, 1996 through February 3, 2012. Will the Board approve Mr. Walsh's application tor survivor benefits?
Section IV: Executive Session:
Next Meeting:
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