August 25, 2017 - Retirement Board Meeting Agenda
Section I: Regular Business:
Minutes:
Minutes of July 21, 2017 Regular Meeting
Warrants:
Warrant #6 Dated June 30, 2017 $ 2,569,735.42 Final
Warrant #7 Dated July 31, 2017 $ 4,501,444.36 Partial
Warrant #8 Dated August 31, 2017 $10,174,538.33 Partial
Warrant #9 Dated September 30, 2017 $ 3,911.19 Partial
Trial Balance as of June 30, 2017: $158,275,484.69 Final
Public Comment:
New/Old Business:
PERAC MEMOS:
Memo #22/2017: PROSPER and the Legal Review of Disabilities
Memo #23/2017: MTRS. C. 32, section 3(8)(C) Reimbursements
Memo #24/2017: Cost of Living Increase for Supplemental Dependent Allowance Paid to Accidental Disability Retirees and Accidental Death Survivors
Memo #25/2017: The Repeal of G.L. c. 32, Section 90G ¾
Memo #26/2017: Access to PROSPER
Memo #27/2017: Reinstatement to Service under G.L. C. 32sec. 105
Portfolio Monitoring Services:
Scott & Scott has sent their 2nd Qtr. 2017 Review
Board to review letter from Berman Tabacco (formerly Berman DeValerio), regarding a change in firm, has change its name to Berman Tabacco.
FY18 Appropriation:
Board to discuss a change in the final distribution of the FY18 appropriation funds scheduled for September 1, 2017 with Anthony Tranghese of FIA. An updated cash flow worksheet has been prepared for review/vote.
RFP for High Yield Fund:
Register of respondents to the High Yield RFP prepared by FIA.
Investment Performance:
Investment performance review for June 20, 2017.
Financial Statement Draft:
Draft copy of Powers & Sullivan’s Financial Statements for year ended December 31, 2016
Section II: Membership:
New Hires:
Town:
9% Horwitz-Willis, Nathaniel, Group 1, Director of Public Health
Perm. Full-time: $1,480.90 weekly
Start Date: August 28, 2017
9% Indeglia, Shane, Group 1, Library Associate
Perm. Full-time: $726.72 weekly
Start Date: July 31, 2017
9% Kerwin, Rachel, Group 1, Administrative Assistant-Maintenance
Perm. Full-time: $802.38 weekly
Start Date: August 21, 2017
9% Taylor, Lynn, Group 1, Library Technician
Perm. Full-time: $582.66 weekly
Start Date: August 7, 2017
9% Warnock, Liam, Group 1, Maintenance Worker – Highway
Perm. Full-time: $787.35 weekly
Start Date: August 14, 2017
School:
9% D’Agostino, Christopher, Group 1, Custodian
Perm. Full-time: $1,560.15 bi-weekly
Start Date: August 21, 2017
9% DeMille, William, Group 1, Custodian
Perm. Full-time: $1,560.51 bi-weekly
Start Date: August 21, 2017
9% Trask, Jeffrey, Group 1, Custodian
Perm. Full-time: $1,560.51 bi-weekly
Start Date: August 21, 2017
Buybacks:
Town:
Lydon, Patrick, Group 4, Firefighter, as requested a buyback of one (1) year prior Military Service
Total Buy Back Amount: $4,537.78
School:
Davin, Jill, Group 1, Building Use Coordinator, has requested to purchase prior service from July 1, 2012 through June 30, 2017 with the Plymouth School Department. Due to a payroll error no deductions were taken for this time period.
Total Buy Back Amount: $11,089.63
McKenna, Nicole, Group 1, Paraeducator, has requested to purchase
prior service from January 14, 2013 through April 13, 2017 with the Plymouth School Department.
Total Buy Back Amount: $4,415.11
Refunds:
Town:
Gomes, Antonio, Group 4, Police
Refund of overpayment of previous Police Intermittent Buyback Service
Total Refund Including FWT: $1,352.51
Transfers:
PHA:
Carpenter, Tracey, Group 1, Program Administrator
Five (5) Years, Six (6) Months Creditable Service (1/1/2002-6/30/2007)
Total Transfer to MA Teachers’ Retirement System: $12,975.34
Retirements:
Town:
Jesse, Johnathan, Group 4, Patrolman
Thirty-two (32) Years Creditable Service
Superannuation option: c
Retirement Date: August 1, 2017
Furtado, Kevin J., Group 4, Patrolman
Thirty (30) Years, Three (3) Months Creditable Service
Superannuation option: b
Retirement date: 8/9/2017
Healey, Patrick, T., Group 1, Heavy Equipment Operator
Twelve (12), Years, Six (6) Months Creditable Service
Superannuation Option c
Retirement Date: 8/25/2017
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 Accidental Disability Retirement Application of Bernice Leahy.
Pursuant to MGL Chapter 30A, Section 21 (a)(3), the Board will enter into executive session to hear from its Attorney regarding litigation strategy for the most recent Pomeroy complaint and preliminary injunction issue.