February 23, 2018 Retirement Board Meeting Agenda

Section I: Regular Business:

Minutes:

Minutes of February 23, 2018                        Executive Session

Minutes of February 23, 2018                        Regular Meeting                            

Warrants:                   

Warrant #1/2018, Dated January 31, 2018                             $4,198,490.92 Final               

Warrant #2/2018, Dated February 28, 2018                           $2,090,994.66 Partial

Warrant #3/2018, Dated March 31, 2018                               $    699,109.31 Partial

Warrant #4/2018, Dated April 30, 2018                                 $         3,911.19 Partial

Trial Balance:                                                  $176,883,107.29                                

Public Comment:

New/Old Business:

PERAC MEMOS:

Memo #12/2018:        PERAC v. CRAB & others, SJC No. 12331 (February 13, 2018)

Memo #13/2018:         Mandatory Ethics Training

Memo #14/2018:         Interest Payments in Certain Situations

2017 Annual Statement:

Board to review and vote on the 2017 Annual Statement to be submitted to PERAC.

Investments:

Board to discuss and vote change of the Barings Capital Floating Rate Income Fund structure from a Cayman and Delaware LP to an Irish domiciled Qualifying Investor Alternative Investment Fund. 

Mr. Tranghese will give a review of the global multi-asset RFP as well as begin preliminary discussions on allocation for the upcoming appropriation.

Section II: Membership:

New Hires:

Town:

9%       Allegrini, Olivia, Group 1, Administrative Assistant

            Perm. Full-time: $752.24 weekly

            Start Date: February 21, 2018

School:

9%       Hoisington, Erin, Group 1, Cafeteria Worker

            Perm. Full-time: 1,027.71 bi-weekly

            Start Date: February 26, 2018

9%       Trepanier, Kenneth, Group 1, Custodian

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

            Start Date: March 5, 2018

Buybacks:

Town:

Wayne Morse, Heavy Motor Equipment Operator, has requested a buyback of On-Call Firefighter service with the Town of Lakeville from 2008 through 2012.  Plymouth County Retirement has denied 3(8)(c ) liability. Will the Board accept 3(8)(c ) liability for this service?

Refunds:

Town:

Cloud, Mark, Group 1, Former Water Quality Service Manager

Four (4) Years, Two (2) Months Creditable Service (10/21/2013-1/12/2018)

Total Refund Including FWT: $29,170.35

Moscheck, Dena, Former Group 1 Librarian

Three (3) Years, One (1) Month Creditable Service (6/25/2012-3/31/2018)

Total Refund Including FWT: $12,258.19

Rollovers:

School:

Botieri, Cheryl, Group 1, Former Parent Education Specialist

Two (2) Years, One (1) Month Creditable Service (4/23/2001-6/20/2003)

Total Rollover: $1,176.65

Retirements:

School:

Curt-Costa, Paulette, Group 1, Secretary

Thirty-One Years, Two Months Creditable Service

Superannuation Retirement, opt b

Retirement Date: March 30, 2018

Executive Session:

Pursuant to MGL Chapter 30A, Section 21 (a)(3), the Board will enter into executive session to discuss ongoing litigation.

Next Meeting: