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.