December 17, 2017 - Retirement Board Meeting Agenda

Section I: Regular Business:

Minutes:

Minutes of October 23, 2017                                                  Investment Meeting-Annual Reviews

Minutes of November 17, 2017                                              Regular Meeting

Warrants: 

Warrant #10/2017, Dated October 31,2017:                                      $3,030,215.15 Final

Warrant #11/2017, Dated November 30, 2017:                                 $8,642,773.00 Partial

Warrant #12/2017, Dated December 31, 2017:                                  $     65,866.71 Partial

Warrant # 1/2018, Dated January 31, 2018:                                       $       3,911.19 Partial

Trial Balance:                                      $171,107,827.67

Public Comment:

New/Old Business:

PERAC MEMOS:

Memo #35/2017:         Forfeiture of Retirement Allowance for Dereliction of Duty by Members

Section II: Membership:

New Hires:

Town:

9%       Grasso, Anthony, Group 1, Dispatcher

            Perm. Full-time: $783.23 weekly

            Start Date: November 30, 2017

9%       Sullivan, Christopher, Group 1, Motor Equipment Operator

            Perm. Full-time: $757.38 weekly

            Start Date: December 4, 2017

School:

9%       Kizelewicz, Mark J., Group 1, Custodian

            Perm. Full-time: $1,560.15 bi-weekly

            Start Date: November 27, 2017

9%       Mitchell, Holley, Group 1, Paraprofessional

            Perm. Full-time: $1,177.32 bi-weekly

            Start Date: November 7, 2017

9%       Nordberg, Andrea, Group 1, Main Office Secretary

            Perm. Full-time: $1,150.11 bi-weekly

            Start Date: November 1, 2017

9%       O’Connell, Nancy, Group 1, Paraeducator

            Perm. Full-time: $873.11 bi-weekly

            Start Date: November 16, 2017

9%       Powers, AnnMarie, Group 1, Registered Behavior Technician

            Perm. Full-time: $1,261.87 bi-weekly

            Start Date: November 27, 2017

9%       Ryan, Stacey, Group 1, Paraeducator

            Perm. Full-time: $818.56 bi-weekly

            Start Date: November 13, 2017

Refunds:

Johnson, Steven J., Group 1, Maintenance Worker – Water

Three (3) Years, Eleven (11) Months Creditable Service (11/18/2013-10/30/2017)

Total Refund Including FWT: $14,795.26

Lanoue, Adam, Group 1, Heavy Motor Equipment Operator – Highway

One (1) Year, Seven (7) Months Creditable Service (3/21/2016-11/20/2017)

Total Refund Including FWT: $6,979.38

Transfers:

Town:

DeManche, David, Group 1, Director of Community Development

Nine (9) Months Creditable Service (11/28/2016-9/15/2017)

Total Transfer to Bristol County Ret. Board: $49,116.04

Johnson, Daryl S, Group 1, Heavy Motor Equipment Operator-Highway

Zero months Creditable Service (4/4/2016-4/15/2016)

Total Transfer to State Retirement Board: $73.57

McDaniel, Scott, Group 1, Police Dispatcher

Nine (9) Months Creditable Service (11/7/2016-9/4/2017)

Total Transfer to Plymouth County Retirement Board: $11,540.27

Retirements:

Town:

Pereira, Dorothy, Group 1, Administrative Assistant

Fifteen (15) Years Creditable Service

Superannuation option b

Retirement Date: January 6, 2018

School:

Dube Gary, Group 1, Custodian

Thirteen Years (13), One (1) Month Creditable Service

Superannuation option: a

Retirement Date: November 28, 2017

Toomey, Cynthia, Group 1, Secretary

Twenty-Four (24) Years, One (1) Month Creditable Service

Superannuation option: b

Retirement Date: December 29, 2017

Brown Nancy, Group 1, Job Coach

Twenty-Nine (29) Years, Eleven (11) Months Creditable Service

Superannuation option: b

Retirement Date: January 2, 2018

Investments:

Fiduciary Investment Advisors

Tony Tranghese, CFA, Managing Partner

Performance Update – Capital Markets Flash

Status of manager RFPs

Manager Reviews

9:00     Intercontinental REIF IV

Bart Weinstein, Director, Institutional Services/Research

Dial in (mobile phone): 508-333-4602

9:10     PRIT Update – Hedge Funds, Real Estate and Private Equity

Paul Todisco, Senior Client Services Officer

Francesco Daniele, Client Services Officer

9:40     Invesco International Growth Fund – via conference call

Claire Potter, Managing Director

Greg Allison, Client Portfolio Manager via dial in

Executive Session:

Pursuant to MGL Chapter 30A, Section 21 (a)(1). The Board will enter into executive session to hold a hearing on the Regional Medical Panel findings for the Accidental Disability Application of James Vachon.

Pursuant to MGL Chapter 30A, Section 21 (a)(1). The Board will enter into executive session to hold a hearing on the Regional Medical Panel findings for the Accidental Disability 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 ongoing litigation.

Next Meeting: