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: