February, 27, 2015 - Retirement Board Regular Meeting Agenda

Section I: Regular Business:

Minutes:

Minutes dated January 30, 2015 Regular Board Meeting
Minutes dated January 30, 2015 COLA Vote FY/2016

COLA Vote Certification

Warrants:

Warrant #12, Dated December 31, 2014: $4,023,166.58 Partial
Warrant #1, Dated January 31, 2015: $1,635,754.16 Partial
Warrant # 2, Dated February 28, 2015: $1,632,062.49 Partial
Warrant # 3, Dated March 31, 2015: $ 3,778.66 Partial

Trial Balance: December 31, 2014 $142,468,348.87

Public Comment:

Section II: General Correspondence:

PERAC:

PERAC Memo's

Legal:

Board to discuss and vote on the issuance of subpoenas for witnesses for the Debora Axon disability application.

Investments:

Anthony Tranghese from FIA will present 4th Qtr. 2014 Investment Review

Section III: Membership:

New Hires:

Town:

9% Parker, Ryan, Group 4, Police Officer
Perm. Full-time, $916.04 weekly
Start Date: January 20, 2015

9% Ruel, Joseph Group 1, Heavy Motor Equipment Operator
Perm. Full-time, $703.31 weekly
Start Date: January 20, 2015

9% Brulport, Mark, Group 1, Natural Resources Warden
Perm. Full-time, $936.01 weekly
Start Date: February 9, 2015

9% Strassel, Sandra, Group 1, Administrative Assistant
Perm. Full-time, $801.90 weekly
Start Date: January 26, 2015

9% Bernabe, Annikka , Group 1, Administrative Assistant
Perm. Full-time, $858.73 weekly
Start Date: February 17, 2015

School:

9% Daniels, Sasha, Group 1, Behavior Technician
Perm. Full-time, $1662.08 bi-weekly
Start Date: February 4, 2015

9% Paolini, Kathleen, Group 1, Paraprofessional
Perm. Full-time, $581.54 bi-weekly
Start Date: January 12, 2015

9% Claus, Brian, Group 1, Planetarium Program Instructor
Perm. Full-time, $1398.77 bi-weekly
Start Date: January 27, 2015

Refunds:

Town:

Cavanagh, Aaron P., Group 1, Transfer Station Operator
8 years, 11 months, Creditable Service (5/24/04-5/15/13)
Total Distribution Including FWT: $29,307.90

Stone, David, Group 1, Veterans' Services Director
2 years, 4 months, Creditable Service (4/4/07-8/17/09)
Total Distribution Including FWT: $12,459.31

School:

Flanagan, Margaret A., Group 1, Special needs Aide
5 months Creditable Service (10/29/01-4/22/02)
Total Distribution Including FWT: $299.24

Burton, Judith, Retired Group 1, School Secretary
Retired: June 30, 2012
Refund of deductions paid prior to retirement for employment during the summer school program. Ms. Burton requested these deductions be added to her accumulated total and used in her retirement calculation at retirement.
This request had been in appeal however, she rescinded her request and at the same time requested a refund of these additional deductions she paid prior to retirement.
Total amount of refund: $3,118.04 ($3,110.00 in deductions & $8.04 in interest)

Transfers:

Town:

Smith, Gregory M., Group 1, Solid Waste Manager
1 year, 1 month, creditable service (10/15/13-12/5/14)
Total Transfer to Needham Retirement Board: $75,982.60

McPeck, Timothy J., Group 4, Police Officer
Transfer of additional deductions due to retroactive contact settlement
Total Transfer to Bristol County Retirement Board: $16.08

Boyle, Paul F. Jr., Group 4, Police Officer
Transfer of additional deductions due to retroactive contract settlement
Total Transfer to Newton Retirement Board: $481.69

Mandeville, James R., Group 1, Water Dept. Maintenance
Transfer of additional deductions due to retroactive contract settlement
Total Transfer to Plymouth County Retirement Association: $67.01

Kouta, Bachir Y., Group 4, Police Officer
Transfer of additional deductions due to retroactive contract settlement
Total Transfer to State Retirement Board: $191.60

Whitney, Theodore T., Group 4, Police Officer
Transfer of additional deductions due to retroactive contract settlement
Total Transfer to State Retirement Board: $276.90

School

Loranger, Evon M., Group 1, Student Support Svs. Secretary
2 years, 2 months Creditable Service (1/23/12-4/4/14)
Total Transfer to Plymouth County Retirement Association: $5,448.31

3(8)(c) Liability:

Gibbons, Francis, A. (Glass) former School Dept. Title One Tutor. Ms. Gibbons is
currently a member of Massachusetts' Teachers Retirement System and has requested to buy back five (5) years, eleven (11) months Tutor/Assistant Teacher service. Ms. Gibbons was employed as a Title One Tutor from November 1978 thru June 1984 and Chapter One Assistant Teacher from September 1984 thru June 1986. If the proper repayment of deductions is made, will the Board approve Five Years (5), Eleven Months (11) of creditable service 3(8)(c) liability for Ms. Gibbons?

Survivor Benefits Application – Section 12(2)(d)

Member in-service, Laura L. Ballerini, deceased on February 12, 2015. Application for spousal survivor benefits has been received from her widower, David Ballerini to receive Section 12(2)(d) benefits.

Retirements:

Town:

Bent, Edward Jr, Group 1, Heavy Motor Equipment Operator
29 years, 1 month service
Superannuation retirement, opt c
Retirement date: March 19, 2015

Murphy, Patrick J., Group 1, Water Meter Foreman
21 years, 10 months service
Superannuation, opt c
Retirement date: February 20, 2015

School:

Forge, Shirley, Group 1, Special Needs Aide
29 years, 1 month service
Superannuation retirement, opt b
Retirement date: March 1, 2015

Langevin, Nancy, Group 1, School Dept Cafeteria Supervisor
10 years, 6 months service
Superannuation retirement, opt c
Retirement date: February 27, 2015

Executive Session:

Pursuant to MGL Chapter 30A, Section 21 (a)(3), and(5) the Board will enter into executive session to hear from its Attorney regarding ongoing litigation.

Pursuant to MGL Chapter 30A, Section 21 (a)(3), and(5) the Board will enter into executive session to hold a disability evidentiary hearings for an Accidental Disability retirement applications filed by:

Daniel Pomarole Plymouth Police Department - Dispatcher
Roland Santos Plymouth Police Department – Lieutenant
Anthony Collarusso Plymouth Fire Department – Fire Fighter

Next Meeting:

Friday, March 27, 2014, 8:00 a.m.