December 2019 Retirement Board Meeting

Section I: Regular Business:

Warrants: 

Warrant #10 Dated October 31, 2019                                     $         3,149,110.11 Final

Warrant #11 Dated November 30, 2019                                 $         2,842,380.94 Partial

Warrant #12 Dated December 1, 2019                                   $              314,163.57 Partial

Warrant # 1 Dated January 1, 2019                                        $                6,000.00 Partial

Trial Balance as of October 31, 2019                                                 $187,641,341.04                    

Public Comment:

New/Old Business:

COLA Vote:

Board to set the FY/2021 COLA Vote Meeting Date

PERAC MEMOS:

Memo #25/2019:         New Fraud Prevention Poster

Investments:

Anthony Tranghese from FIA will give a Portfolio Update and Review & Review the Large Cap Value RFP

Manager Interviews:

9:00 a.m. - Aristotle

9:30 a.m. - RBC Polaris

Section II: Membership:

New Hires:

Intermittent Police Service Buy Back:

Timothy O’Hara, Police Detective, has requested to appear before the Board to discuss the purchase of his Intermittent Police Service prior to membership.

Town:

Rupert, Jill, Group 1, Dispatcher

Perm. Full-time: $783.23 weekly

Start Date: December 17, 2019

School:

Admirand, Kevin, Group 1, Custodian

Perm. Full-time: $1,623.19 bi-weekly

Start Date: November 26, 2019 

Transfers:

School:

Amaral, John, Group 1, Supervisor of Attendance

Twenty (20) Years, Five (5) Months Creditable Service (11/23/1998-3/29/2019)

Total Transfer to MA Teachers’ Retirement System: $135,007.12

Refunds:

School:

Kelly, John, Group 1, Custodian

Six (6) Years, Five (5) Months Creditable Service (5/6/2013-11/1/2019)

Total Refund Including FWT: $24,477.81

Buybacks:

Town:

O’Hara, Timothy, Group 4, Police Detective, has requested to purchase Four (4) Years and Ten (10) Months of Intermittent Police Service (December 1, 1987 though October 3, 1992) with the Plymouth Police Department. Total amount of repayment with interest through January 31, 2020 is $10,168.76. Total Deductions: $8,083.20, Total Interest: $2,085.56.  

Retirements:

Town:

Carpenter, James, D., Group 1, Local Inspector B

Twenty-One (21) Years Creditable Service

Superannuation Retirement, opt c

Retirement Date: January 4, 2020

O’Hara, Timothy D., Group 4, Detective

Thirty-Two (32) Years Creditable Service

Superannuation Retirement, opt c

Retirement Date: January 4, 2020

Walkden, Wayne E., Group 1, Facilities Manager

Eleven (11) Years, Three (3) Months Creditable Service

Superannuation Retirement, opt b

Retirement Date: December 13, 2019

School:

Bisschop, Joanne M., Group 1, Cafeteria Worker

Fourteen (14) Four Years (4) Months Creditable Service

Superannuation Retirement, opt c

Retirement Date: November 19, 2019

Cavallo, Brenda, A., Group 1, Paraeducator

Fifteen (15) years, Seven (7) Months Creditable Service

Superannuation Retirement, opt c

Retirement Date: January 4, 2020

Patrician, Sandra A., Group 1, Cafeteria Team Leader

Twenty-Three (23) Years, Two (2) Months Creditable Service

Superannuation Retirement, opt c

Retirement Date: December 13, 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.