December 2022 Retirement Board Meeting
Pursuant to Governor Baker’s March 12, 2020, Order Suspending Certain Provisions of the Open Meeting Law, G.L. c. 30A, §18, and the Governor’s March 15, 2020, Order imposing strict limitations on the number of people that may gather in one place, this meeting of the Plymouth Retirement Board is being conducted via remote participation. No in-person attendance of members of the public will be permitted, but every effort will be made to ensure that the public can adequately access the proceedings as provided for in the Order.
Any member of the public that wishes to join the Plymouth Retirement Board Meeting remotely may call the Retirement Office at (508) 830-4170 or send an email to:
Section I: Regular Business:
Warrants:
Warrant #10 Dated October 31, 2022 $ 3,448,857.21 Final
Warrant #11 Dated November 30, 2022 $ 5,285,052.00 Partial
Warrant #12 Dated December 31, 2022 $ 34,887.23 Partial
Warrant #1 Dated January 31, 2022 $ 6,556.00 Partial
Trial Balance as of October 31, 2022: $227,732,610.23
October 2022 Accounting Reports Presented to Board for Review:
Rockland Trust Checking & Money Market Acct Statements
Treasurer’s Reconciliations of RTC Checking & Money Market Accts
Trial Balance
Cash Receipts
Cash Disbursements
Adjustments
Public Comment:
New/Old Business:
Board Meeting Schedule:
Board to discuss and set Board Meeting dates through June 30, 2023.
FY 2024 COLA Vote
Board to schedule FY/2024 COLA Vote to be posted 30 days in advance
PERAC Memos:
Memo #29/2022: 5% Local COLA Option
Memo #30/2022: Proposed Regulations Regarding Compliance with the IRS Code
Memo #31/2022: 840 CMR 10:10(3) & 10:15(1)(c )-Annual Review of Medical Testing Fee
Memo #32/2022: Tobacco Company List
RFP’s:
Legal services RFP has been completed with 2 respondents. Board to discuss.
Custodial services RFP. Current contract expires February 2023.
Investments:
Anthony Tranghese from Fiducient Advisors will give a Portfolio Update & Review.
Annual Investment Manager Reviews:
Acadian
Lazard
Section II: Membership:
Section 101 Benefits:
Claire Walsh, widow of Group 4 Firefighter John Walsh, Jr., has applied for Section 101 survivor benefits. Mr. Walsh died on November 15, 2022.
New Hires:
Town:
9% Bregoli, Jason, Group 1, Motor Equipment Operator – Highway Division
Perm. Full-time: $965.86 weekly
Start Date: November 28, 2022
9% Doyle, Connor, Group 4, Police Officer
Perm. Full-time: $1,230.93 weekly
Start Date: December 5, 2022
9% Duggan, Matthew, Group 4, Firefighter
Perm. Full-time: $1,145.85 weekly
Start Date: December 5, 2022
9% Foster, Kristine, Recreation Office Manager/Program Administrator
Perm. Full-time: $1,210.58 weekly
Start Date: December 5, 2022
9% LaPlante, Scott, Group 4, Firefighter
Perm. Full-time: $1,145.85 weekly
Start Date: December 5, 2022
9% McElroy, Kyle, Group 4, Firefighter
Perm. Full-time: $1,145.85 weekly
Start Date: December 5, 2022
9% McManus, Sean, Group 4, Firefighter
Perm. Full-time: $1,145.85 weekly
Start Date: December 5, 2022
9% Moss, Jr., Andrew, Group 4, Firefighter
Perm. Full-time: $1,145.85 weekly
Start Date: December 5, 2022
9% Ralph, Dylan, Group 4, Firefighter
Perm. Full-time: $1,230.93 weekly
Start Date: December 5, 2022
9% Stone, Liam, Group 4, Police Officer
Perm. Full-time: $1,230.93 weekly
Start Date: December 5, 2022
School:
9% Ollerhead, Dianna, Group 1, Student Services Secretary
Perm. Full-time: $1,055.35 bi-weekly
Start Date: November 21, 2022
9% Sheehan, Brendan, Group 1, In-School Suspension Supervisor
Perm. Full-time: $2,240.00 bi-weekly
Start Date: October 31, 2022
9% Whitman, Brynda, Group 1, Registered Behavior Technician
Perm. Full-time: $1,582.40 bi-weekly
Start Date: December 12, 2022
Buybacks:
Town:
DeBlasio, Barry, Group 1, Director of Community Resources, has requested a buyback of four (4) months of service for a prior refund with the Middlesex County Retirement Board. The Middlesex County Retirement Board will take liability for this service.
Total Buyback Amount: $4,644.86.
Executive Session:
Pursuant to MGL Chapter 30A, Section 21 (a)(3), the Board will enter into Executive Session to discuss ongoing litigation.
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 Retirement Application of Melissa Preston.
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 Application of Matthew Sullivan.
Pursuant to MGL Chapter 30A, Section 21 (a)(1), The Board will enter into Executive Session to vote a Regional Medical Panel for the Involuntary Accidental Disability Application of Michael Kane.