August 30, 2019 Retirement Board Meeting
Section I: Regular Business:
Minutes:
Minutes of July 26, 2019 Regular Meeting
Minutes of July 26, 2019 Executive Session
Warrants:
Warrant #6 Dated June 30, 2019 $ 2,845,434.29 Final
Warrant #7 Dated July 31, 2019 $ 8,008,887.30 Partial
Warrant #8 Dated August 31, 2019 $ 2,548,833.10 Partial
Warrant #9 Dated September 30, 2019 $ 2,366,000.00 Partial
Trial Balance as of June 30, 2019: $174,949,606.31
Public Comment:
New/Old Business:
PERAC MEMOS:
Memo #21/2019: COLA Increase for Supplemental Dependent Allowance Paid to Accidental Disability Retirees and Accidental Death Survivors
MACRS Fall 2019 Conference:
MACRS Fall 2019 Conference will be held in Springfield MA from 9/29/19 - 10/2/19. Will the Board approve attendance for those that are able to attend.
Actuarial Valuation:
Board to review and vote on January 1, 2019 Actuarial Valuation, prepared by John Boorack of PERAC.
Investments:
2nd Qtr. 2019 Performance Review - Plymouth Fund and OPEB Trust
Section II: Membership:
Post Retirement Earnings:
John Rogers, former Police Department Captain, will be present to discuss post retirement earnings with the Board.
New Hires:
Town:
9% Chisholm, Howard, Group 1, Motor Equipment Operator-Highway
Perm. Full-time: $787.98 weekly
Start Date: August 26, 2019
9% Larsen, Adam, Group 4, Police Officer
Perm. Full-time: $1,518.38 weekly
Start Date: August 12, 2019
9% Stockel, Dakotah, Group 1, Administrative Secretary
Perm. Full-time: $782.63 weekly
Start Date: August 19, 2019
School:
9% Costa, Maritonia, Group 1, Family Engagement Liaison
Perm. Full-time: $1,806.00 bi-weekly
Start Date: August 27, 2019
9% Harty, Colin, Group 1, In-School Suspension Supervisor
Perm. Full-time: $2,110.91 bi-weekly
Start Date: August 28, 2019
9% Pizzi, Maureen, Group 1, Paraeducator
Perm. Full-time: $847.35 bi-weekly
Start Date: August 28, 2019
School:
Hoffer, Christine, Group 1, Paraprofessional, has requested to purchase prior part-time service from September 15, 2008 through August 26, 2014 with the Town of Plymouth School Department. Total Buyback Amount: $6,432.81
3(8)(c ) Liability:
Julie Schultz, former Paraprofessional for the Plymouth Public Schools is currently a member of the MA Teachers’ Retirement System. Ms. Schultz worked as a part-time Paraprofessional for the period of August 30, 2016 through June 30, 2017. Ms. Schultz worked part-time and was not allowed membership into the Plymouth Retirement System. If proper repayment of deductions and interest is made, will the Board take five (5) months liability for Ms. Schultz?
Retirements:
Town:
McKenna, Joseph E., Group 4, Firefighter
Thirty-Two (32) Years, Three (3) Months Creditable Service
Superannuation Retirement: opt c
Retirement Date: September 2, 2019
Section III:
Executive Session:
Pursuant to MGL Chapter 30A, Section 21 (a)(3), the Board will enter into executive session to discuss ongoing litigation.