August 21, 2015 - Retirement Board Regular Meeting Agenda
Section I: Regular Business:
Minutes:
Minutes dated July 24, 2015 OPEB Meeting
Minutes dated July 24, 2015 Regular Meeting
Minutes dated July 24, 2015 Executive Session
Warrants:
Warrant # 6, Dated June 30, 2015: $ 3,076,844.95 Final
Warrant # 7, Dated July 31, 2015: $ 10,966,647.00 Partial
Warrant # 8, Dated August 31, 2015: $ 2,593,039.76 Partial
Warrant # 9, Dated September 30, 2015: $ 2,363,778.66 Partial
Public Comment:
Section II: General Correspondence:
Conferences:
MACRS Annual Fall 2015 Conference, October 4 – 7, 2015, Springfield MA
PERAC 2015 Emerging Issues Forum, September 17, 2015, 9:00 – 3:00 p.m., Holy Cross, Worcester MA
PERAC:
PERAC has sent the 2014 Annual Report
PERAC Memo's
Memo # 16/2015 Cost of Living Increase for Supplemental Dependent Allowance Paid to Accidental Disability Retirees and Accidental Death Survivors
Memo #17/2015 Reinstatement to Service under G.L. c. 32 Section 105
Memo #18/2015 Section 54 of Chapters 46 of the Acts of 2015
Investments:
Anthony Tranghese of FIA to review of 2nd Quarter 2015 performance.
Board to review and sign updated Investment Policy Statement prepared by Fiduciary Investment Advisors.
Third Party Fund Monitoring:
Client notice from Robbins, Geller, Rudman & Dowd
Section III: Membership:
New Hires:
Town:
Cardillo, Matthew, Group 1, Airport Coordinator
Perm. Full-time, $732.78 weekly
Start Date: August 12, 2015
Keane, Karen, Group 1, Local Inspector B
Perm. Full-time, $936.02 weekly
Start Date: August 10, 2015
McAlister, William, Group 1, Laborer
Perm Full-time, $703.31
Start Date: August 14, 2015
School:
Bernard, Jeffrey, Group 1, Custodian
Perm. Full-time, $1,448.81 bi-weekly
Start Date: August 10, 2015
Hickey, Kevin, Group 1, Custodian
Perm. Full-time, $1,448.81 bi-weekly
Start Date: August 10, 2015
Kelley, Jason, Group 1, Maintenance Floater
Perm. Full-time, $1,459.20 bi-weekly
Start Date: August 10, 2015
Dolan, Michael, Group 1, Custodian
Perm. Full-time, $1,448.81 bi-weekly
Start Date: August 5, 2015
PHA
Sotirkys, Mary, Group 1, Administrative Assistant
Perm. Full-time, $1200.00 bi-weekly
Start Date: July 27, 2015
Refunds:
Town:
Cipriani, Jennifer, Group 1, Administrative Assistant
8 Years 3 Months Creditable Service (4/5/07-7/10/15)
Total Refund Including FWT: $33,979.12
O'Rourke, Dianne, Group 1, Administrative Assistant
1 Year 8 Months Creditable Service (11/14/13-7/14/15)
Total Refund Including FWT: $5,811.77
Kelleher, Shawn, Group 1, Heavy Motor Eq. Operator
9 Months Creditable Service (8/4/15-5/5/15)
Payable to James Kelleher, Father and Designated Beneficiary
Date of Death: 5/6/2015
Total Refund Including FWT: $2,889.74
School:
Sharnick, Joann, Group 1, Paraprofessional
11 Years Creditable Service (5/12/03-5/20/15)
Total Refund Including FWT: $8766.93
Rollovers:
School:
Izzo, Timothy, Group 1, Computer Lab Aide
1 Year 10 Months Creditable Service (10/9/12-8/18/14)
Total Rollover Amount: $3,667.41
Transfers:
School:
Finley, Paul, Group 1, Custodian
1 year, 5 months Creditable Service (1/13/2014-6/26/2015)
Total Transfer to Plymouth County Retirement Board: $5,200.55
3(8)(c) Liability:
Lynn A. McIsaac, former MCAS Tutor for Plymouth Public Schools is currently a member of the Barnstable County Retirement Association. Ms. McIsaac worked as an MCAS Tutor from September 27, 2004 – May 4, 2007. Ms. McIsaac was not allowed membership in the Retirement System therefore, she paid into OBRA. If proper repayment of deductions and interest is made, will the Board take 3(8)(c) Liability for eleven (11) months service.
Retirements:
School:
Burns, Margaret M., Group 1, Clerical Aide
22 years, 8 months service
Superannuation retirement, option b
Retirement Date: September 3, 2015
Section 91A:
Board to discuss termination of retiree payroll allowance for Martin Carney for failure to file PERAC's 2014 Annual Statement of Earned Income.
Section IV: New Business:
Board to review quote from Dell to replace two (2) complete computer system & one (1) replacement monitor for the Retirement Office.
Section V: Executive Session:
Pursuant to MGL Chapter 30A, Section 21 (a)(3), and(5) the Board will enter into executive session to discuss and vote on the Accidental Disability retirement applications of Debora Axon, former Group 1, Parking Meter Enforcement.
Pursuant to MGL Chapter 30A, Section 21 (a)(3), and(5) the Board will enter into executive session to vote on the Accidental Disability retirement applications of Matthew Macomber, Group 4, Police Officer.
Pursuant to MGL Chapter 30A, Section 21 (a)(3), and(5) the Board will enter into executive session to hold an Evidentiary Hearing on the Accidental Disability retirement applications of Kenneth Elliott, Group 4, Police Officer.
Pursuant to MGL Chapter 30A, Section 21 (a)(3), and(5) the Board will enter into executive session to hear from its Attorney regarding ongoing litigation.
Next Meeting: