April 15, 2016 - Retirement Board Meeting Agenda
Section I: Regular Business:
Minutes:
Minutes of March 18, 2016 Regular Meeting
Minutes of March 18, 2016 Executive Session
Warrants:
Warrant # 2, Dated February 29, 2016 $ 4,449,184.46 Final
Warrant # 3, Dated March 31, 2016 $ 1,592,489.00 Partial
Warrant # 4, Dated April 30, 2016 $ 70,764.79 Partial
Warrant # 5, Dated May 31, 2016 $ 3,873.13 Partial
Trial Balance: January 31, 2016 $143,936,598.41 (Final)
Trial Balance: February 29, 2016 $142,638,658.83 (Final)
Public Comment:
Section II: General Correspondence:
Conferences:
2016 Annual MACRS Conference, June 5 – 8, 2016
PERAC Memos:
Memo #12/2016: Retirement Board Election Regulations
Memo #13/2016: Disability Regulations
Memo #14/2016: Mandatory Retirement Board Member Training - 2nd Qtr 2016
Investments:
Anthony Tranghese of FIA to review 1st Qtr. 2016 performance
IT Issue – Email Provider Change:
Clever Minds has recommended that the email be changed to a different host vendor to improve reliability and security. Jack Boyle will be available via conference call if necessary.
Request for Proposals:
Board to discuss responses to the RFP for Investment Consulting services.
Section III: Membership:
New Hires:
Town:
9% Ayers, Katherine, Group 4, Police Officer
Perm. Full-time: $925.20 weekly
Start Date: April 11, 2016
9% Golden, Nicholas, Group 4, Police Officer
Perm. Full-time: $925.20 weekly
Start Date: April 11, 2016
9% Harrington, Shane, Group 4, Police Officer
Perm. Full-time: $925.20 weekly
Start Date: April 11, 2016
9% Johnson, Daryl, Group 1, Heavy Motor Equipment Operator
Perm. Full-time: $760.72 weekly
Start Date: April 4, 2016
9% Lanoue, Adam, Group 1, Heavy Motor Equipment Operator
Perm. Full-time: $760.72 weekly
Start Date: March 21, 2016
9% Marsh, John, Group 1, Maintenance Worker
Perm. Full-time: $731.15 weekly
Start Date: March 21, 2016
9% Messner, Anna, Group 1, Administrative Secretary
Perm. Full-time: $698.54 weekly
Start Date: March 21, 2016
9% Tassinari, David, Group 4, Police Officer
Perm. Full-time: $925.20 weekly
Start Date: April 11, 2016
School:
9% Roderick, Nancy, Group 1, Educational/Financial Secretary
Perm. Full-time: $1,620.85 bi-weekly
Start Date: March 28, 2016
Rollovers:
School:
Osborn, Donna, Group 1, Paraprofessional
9 Years, 8 Months Creditable Service (2/5/01-4/1/16)
Total Rollover Amount$18,484.23
Buybacks:
Town:
Ann E. (Snarsky) Flynn, is a former part-time employee for the Library. She was not eligible for membership in the Plymouth Retirement System. Ms. Flynn is now a member of the Hampden County Regional Retirement System. She would like to purchase her prior service from September of 1977 to January of 1981. If the proper deductions and interest are deposited, will the Board accept one (1) year, six (6) months 3(8)(c) liability for Ms. Flynn?
Gomes, Antonio D., Group 4, Police Department, has requested a buyback of prior Permanent Intermittent Police Service for a period of five (5) years (June 21, 1987 – September 30, 1992)
Total Buyback Amount: $6,533.79
Board Policy for Interest on Errors:
Board to discuss and adopt a policy that addresses interest refunded & owed based upon errors.
Section IV: New Business:
Section V: Executive Session:
Pursuant to MGL Chapter 30A, Section 21 (a)(1), the Board will enter into executive session to hold an Evidentiary Hearing on the Involuntary Accidental Disability Application for Thomas Kelley.
Pursuant to MGL Chapter 30A, Section 21 (a)(3), the Board will enter into executive session to hear from its Attorney regarding ongoing litigation.
Next Meeting: