April 2020 Retirement Board Meeting

Pursuant to Governor Baker’s March 12, 2020 Order Suspending Certain Provisions of the Open Meeting Law, G.L. c. 30A, §18, and the Governor’s March 15, 2020 Order imposing strict limitations on the number of people that may gather in one place, this meeting of the Plymouth Retirement Board is being conducted via remote participation. No in-person attendance of members of the public will be permitted, but every effort will be made to ensure that the public can adequately access the proceedings as provided for in the Order. Despite our best efforts, we are not able to provide for real-time access, and we will post a record of this meeting on the Retirement Board’s website as soon as we are able.

Any member of the public that wishes to join the Plymouth Retirement Board Meeting remotely may participate by following the instructions below:

Call this # 508-322-3983

When prompted for the ID# us this:

Conference ID 236942 then press the # button

Once on the call hit your MUTE button on your phone to prevent background noise on the call. If you want to participate in discussion and voting you will have to unmute your phone.

Section I: Regular Business:


Minutes of March 27, 2020                                        Regular Meeting                                            

Minutes of April 1, 2020                                            Emergency Investment Meeting


Warrant # 1 Dated January 31, 2020                                                  $ 2,779,080.92 Final              

Warrant # 2 Dated February 29, 2020                                                $15,602,451.67 Final

Warrant #3 Dated March 31, 2020                                                     $ 2,181,247.79  Partial   

Warrant #4 Dated April 30, 2020                                                       $15,058,361.15 Partial

Warrant #5 Dated May 31, 2020                                                        $         6,180.00 Partial

Trial Balance as of February 29, 2020                                   $ 194,899,301.05                                                       

Public Comment

New/Old Business:


Memo #17/2020                      Coronavirus Impact

Memo #18/2020                      Mandatory Retirement Board Member Training-2nd Qtr. 2020

Memo #19/2020                      Tobacco Company List

Memo #20/2020                      Corona Virus Update

Memo #21/2021          Post Retirement Restrictions During the State of Emergency

2019 PERAC Annual Statement:

Board to review and vote the 2019 PERAC Annual Statement

Financial Statements:

Board to review and vote the Draft copy of Audit of Specific Elements, Accounts and Items of Financial Statements, year ended December 31, 2018, prepared by Powers & Sullivan.

In-Person Medical Panel Waivers:

PERAC has lifted the suspension of Medical Panel Examinations and temporarily implemented “Telemedical” Panel Examinations during the COVID-19 Pandemic. The Member, Employer, and Board must sign a waiver before a “Telemedical” Panel Examination will be scheduled.

Board to vote Medical Panel Waiver for the Richard Brown III

Section II: Membership:

Sec. 101 Survivor Benefits:

Jane Healy has applied for Sec. 101 survivor benefits. John Healy, deceased March 4, 2020, was an accidental disability retiree, opt b, retired July 16, 1994. Current Sec. 101 survivor benefit is $9,000 annually, $750 per month.

New Hires:


9%       Delano, James, Group 4, Firefighter

            Perm. Full-time: $1,079.76 weekly

            Start Date: April 6, 2020

9%       Killion, Michael, Group 1, Laborer-Cemetery

            Perm. Full-time: $787.98 weekly

            Start Date: March 30, 2020

9%       McCarthy, Janet. Group 4, Firefighter

            Perm. Full-time: $1,079.76 weekly

            Start Date: April 6, 2020

9%       McGrath, Daniel, Group 4, Firefighter

            Perm. Full-time: $1,079.76 weekly

            Start Date: April 6, 2020 

9%       McHugh, Colin, Group 4, Firefighter

            Perm. Full-time: $1,079.76 weekly

            Start Date: April 6, 2020


9%       Manganiello, William, Group 1, Custodian

            Perm. Full-time: $1,623.19 bi-weekly

            Start Date: March 17, 2020



McNulty, Sean, Group 1, Laborer

Three (3) Years, Five (5) Months Creditable Service (9/12/2016-3/10/2020)

Total Refund Including FWT: $14,138.67


McFadyen, Abigail, Group 1, Paraeducator

Three (3) Months Creditable Service (10/25/2019-1/31/2020)

Total Refund Including FWT: $668.26



O’Donnell, Kathleen, Group 1, Senior Library Technician

Thirty-Two (32) Years, Ten (10) Months Creditable Service

Superannuation Retirement: opt b

Retirement Date: April 17, 2020

Executive Session:

Pursuant to MGL Chapter 30A, Section 21 (a)(3), the Board will enter into executive session to discuss ongoing litigation.