February 2020 Retirement Board Meeting
Section I: Regular Business:
Minutes:
Minutes of January 31, 2020 COLA Meeting
Minutes of January 31, 2020 Executive Session
Warrants:
Warrant #12 Dated December 31, 2019 $ 2,534,732.70 Final
Warrant # 1 Dated January 31, 2020 $ 2,054,256.86 Partial
Warrant # 2 Dated February 29, 2020 $13,279,856.99 Partial
Warrant #3 Dated March 31, 2020 $ 6,180.00 Partial
Trial Balance as of December 31, 2019 $ 198,197,624.96
Public Comment:
New/Old Business:
PERAC MEMOS:
Memo #10/2020: 2020 Interest Rate set at 0.1%
Board will discuss PERAC Memo #11/2020
Memo #11/2020: Payment Required for Service Credited under G.L.c.32 sec. 4(2)(b)
Memo #12/2020: IRS Determination Letters
Investments:
Anthony Tranghese from FIA will give a performance update and discuss upcoming Appropriation
Section II: Membership:
New Hires:
Town:
9% Bennett, Alyssa, Group 4, Police Officer
Perm. Full-time: $996.32 weekly
Start Date: February 17, 2020
9% Burchill, Kaitlyn, Group 4, Police Officer
Perm. Full-time: $996.32 weekly
Start Date: February 17, 2020
9% Caraher, Cory, Group 4, Police Officer
Perm. Full-time: $51,808.64 weekly
Start Date: February 18, 2020
9% Godfrey, Brian, Group 1, Building Custodian
Perm. Full-time: $787.98 weekly
Start Date: February 10, 2020
9% MacDonald, Scott, Group 4, Police Officer
Perm. Full-time: $996.32 weekly
Start Date: February 17, 2020
9% Moore, Thomas, Group 1, Community Development Inspector
Perm. Full-time: $1,048.68 weekly
Start Date: March 9, 2020
9% Sweeney, Zachary, Group 4, Police Officer
Perm. Full-time: $996.32 weekly
Start Date: February 17, 2020
School:
9% Adduci, Christine, Group 1, Paraeducator
Perm. Full-time: $965.50 bi-weekly
Start Date: February 7, 2020
9% Button-West, Catherine, Group 1, Cafeteria Team Leader
Perm. Full-time: $777.60 bi-weekly
Start Date: February 3, 2020
Refunds:
Town:
Dowling, Jr. Sean, Group 4, Firefighter
Three (3) Months Creditable Service (2/18/2019-5/27/2019)
Total Refund including FWT: $1,578.55
Hannon, Kevin, Group 4, Firefighter
Refund of Prior Purchase of Call-Fire Service per Gomes Decision
Total Non-Taxable Refund-$2,894.68
Kearney, Donald, Group 1, Retired Building Maintenance Craftsman
Refund of Six (6) Months Creditable Service Purchased Prior to Retirement.
It was discovered this Plymouth County Sheriff’s Department Service ran concurrent with
Town of Plymouth Service.
Total Refund Including FWT: $1,845.59
MacKinnon, Robert, Group 4, Firefighter
Refund of Prior Purchase of Call-Fire Service per Gomes Decision
Total Non-Taxable Refund-$1,409.43
Rollovers:
Peterson, Dianne, Group 1, Cafeteria Worker
Seventeen (17) Years, Five (5) Months Creditable Service (9/27/1999-3/3/2017)
Total Rollover: $12,952.78
Transfers:
Town:
Howell, Aimee, Group 1, Recreation Program Supervisor
Twelve (12) Years, Four (4) Months Creditable Service (1/22/2007-6/5/2019)
Total Transfer to Barnstable County Retirement: $54,480.10
Tierney, Richard, Group 1, Water Superintendent,
Fourteen (14) Years, Six (6) Months Creditable Service (6/20/2005-1/3/2020)
Total Transfer to Bristol County Retirement Board: $128,108.27
Retirements:
Town:
Meehan, Michael, P., Group 4, Battalion Chief
Thirty-Three (33) Years, Ten (10) Months Creditable Service
Superannuation opt: b
Retirement Date: February 20, 2020
Frizzell, Gary P., Group 1, Wastewater Superintendent
Forty-Two (42) Years, Five(5) Months Creditable Service
Superannuation opt: c
Retirement Date: March 31, 2020
Section III:
Executive Session:
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 Sandra Patrician.
Pursuant to MGL Chapter 30A, Section 21 (a)(3), the Board will enter into executive session to discuss ongoing litigation.