August 26, 2016 - Retirement Board Meeting Agenda
PLYMOUTH RETIREMENT BOARD Friday, August 26, 2016 8:00 a.m.
10 Cordage Park Circle, Suite 240 Plymouth MA 02360
Section I: Regular Business:
Minutes:
Minutes of July 29, 2016 Minutes of Regular Meeting
Minutes of July 29, 2016 OPEB Meeting
Warrants:
Warrant # 6 Dated June 30, 2016 $ 2,775,307.19 Final
Warrant # 7 Dated July 31, 2016 $ 1,628,232.76 Partial
Warrant # 8 Dated August 31, 2016 $ 2,629,164.32 Partial
Warrant #9 Dated September 30, 2016 $ 2,558,873.13 Partial
Public Comment:
Section II: General Correspondence:
PERAC Memos:
Memo #19/2016: Cost of Living Increase for Supplemental Dependent Allowance Paid to Accidental Disability Retirees and Accidental Death Survivors
Memo #20/2016: Reinstatement to Service under G.L. c.32 sec.105
Memo #21/2016: Updating PERAC’s Website on Supplemental Regulations
Investments:
Tony Tranghese of FIA will be present to discuss 2nd Quarter 2016 Performance & OPEB RFP respondents.
Section III: Membership:
New Hires:
Town:
Cahill, Michael, Group 1, Natural Resources Warden
Perm. Full-time: $978.60 weekly
Start Date: August 1, 2016
Curley, Michael, Group 4, Police Officer
Perm. Full-time: $967.30 weekly
Start Date: August 1, 2016
DeCelle, Eric, Group 4, Police Officer
Perm. Full-time: $967.30 weekly
Start Date: August 1, 2016
Donovan, Joseph, Group 1, Heavy Motor Equipment Operator
Perm. Full-time: $795.34 weekly
Start Date: August 26, 2016
Dupras, Bradford, Group 1, Laborer
Perm. Full-time: $735.32 weekly
Start Date: August 1, 2016
Gill, Lawrence, Group 1, Zoning Inspector
Perm. Full-time: $897.80 weekly
Start Date: August 1, 2016
Kane, Michael, Group 4, Police Officer
Perm. Full-time: $967.30 weekly
Start Date: August 1, 2016
Ketterer, Corey, Group 4, Police Officer
Perm. Full-time: $967.30 weekly
Start Date: August 1, 2016
Mahony, Madeline, Group 1, Library Associate
Perm. Full-time: $726.72 weekly
Start Date: August 15, 2016
Miranda, Izabelle, Group 4, Police Officer
Perm. Full-time: $967.30 weekly
Start Date: August 1, 2016
Ragan, James, Group 4, Police Officer
Perm. Full-time: $967.30 weekly
Start Date: August 9, 2016
Reddington III, Donald, Group 4, Police Officer
Perm. Full-time: $967.30 weekly
Start Date: August 9, 2016
School:
Hall, Sandra, Group 1, Secretary
Perm. Full-time: $1,074.46 bi-weekly
Start date: August 17, 2016
Jesse, Barbara, Group 1, School Athletic Dept. Bus Driver/Coordinator
Perm. Full-time: $1,461.54 bi-weekly
Start Date: August 1, 2016
PHA:
Dixon, Jaime, Group 1, Administrative Assistant
Perm. Full-time: $1,050.00 bi-weekly
Start Date: August 1, 2016
Retirements:
Town:
Eriksson, Nancy, Group 1, Emergency Management Admin, Assistant
22 years, 4 months service
Superannuation retirement, opt b
Retirement date: August 12, 2016
O’Neill, Michael, Group 1, Police Dispatcher
10 years service
Superannuation retirement, opt c
Retirement date: July 19, 2016
School:
Leahy, Bernice, Group 1, Student Activities Monitor
10 years, 5 months service
Superannuation retirement, option b
Retirement date: August 19, 2016
Hahn, Stephen A., Group 1, Athletic Dept. Bus Driver/Coordinator
29 years
Superannuation retirement, option c
Retirement date: September 23, 2016
Refunds:
School:
Deschamp-Savard, Wanda, Group 1, Paraeducator
Nine (9) years Nine (9) Months Creditable Service (9/18/06-6/20/16)
Total Refund Including FWT: $10,953.91
Buybacks:
Town:
Audette, Michelle, Group 4, Police Officer, has requested a buyback of one (1) year and seven (7) months of prior service (12/6/1982-7/10/1984) as a School Traffic Supervisor and Park Police Officer with the Town of Plymouth Police Department.
Total Buyback Amount: $2,231.30
Audette, Michelle, Group 4, Police Officer, has requested to purchase seven (7) months of Permanent Intermittent Police service (7/22/1985-2/27/1986)
Total Buyback Amount: $158.46
Waive Partial Interest on Buy Back
Johnathan Jesse, Group 4, Police Officer, has requested to purchase four (4) months of service that he was a member of the System but due to a payroll error, did not have deductions taken. Officer Jesse was appointed as a full-time Police Officer effective 9/9/1985, but had his first retirement deduction taken beginning January 1, 1986. This payroll error was noticed in 2003, and Mr. Jesse was sent a letter on May 1, 2003, explaining that he was eligible to purchase this time if he chose to. Mr. Jesse has made a request to the Board to waive the interest due on the buyback from 9/9/1985 through 5/1/2003, when he was first notified of the error. The adjusted amount for Mr. Jesse to repay the System for service from 9/9/85-12/31/85, if paid in full by August 31, 2016, is equal to $674.98. Will the Board waive the interest from 9/9/1985-5/1/2003?
Section IV: New Business:
Ralph White of Retired State, County & Municipal Employees Association, will be present to conduct a Board profile for their quarterly newsletter.
Office Equipment Purchase:
Board to discuss the purchase of 2 computers and monitors. Current computers are approximately 6 years old.
Section V: Executive Session:
Pursuant to MGL Chapter 30A, Section 21 (a)(1), the Board will enter into executive session to vote the Accidental/Ordinary Disability Application for Richard Civetti.
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 filed on behalf of Ralph Patterson.
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 filed on behalf of Thomas Kelley.
Pursuant to MGL Chapter 30A, Section 21 (a)(1). The Board will enter into executive session to hold an evidentiary hearing for the Accidental Disability Application of Bruce Eddy.
Pursuant to MGL Chapter 30A, Section 21 (a)(3), the Board will enter into executive session to hear from its Attorney regarding ongoing litigation.