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:
Minutes of March 27, 2020 Regular Meeting
Minutes of April 1, 2020 Emergency Investment Meeting
Warrants:
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:
PERAC MEMOS
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:
Town:
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
School:
9% Manganiello, William, Group 1, Custodian
Perm. Full-time: $1,623.19 bi-weekly
Start Date: March 17, 2020
Refunds:
Town:
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
School:
McFadyen, Abigail, Group 1, Paraeducator
Three (3) Months Creditable Service (10/25/2019-1/31/2020)
Total Refund Including FWT: $668.26
Retirements:
Town:
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.