Friday, June 22 Retirement Board Meeting Agenda

Section I: Regular Business:

Minutes:

Minutes of May 25, 2018                               Regular Meeting                    

Warrants: 

Warrant #4 Dated April 30, 2018                               $       2,398,385.38 Final

Warrant #5 Dated May 31, 2018                                $       1,785,455.98 Partial

Warrant #6 Dated June 30, 2018                                $          270,917.54 Partial

Warrant #7 dated July 31, 2018                                  $             3,997.34 Partial

Trial Balance as of April 30, 2018                 $ 172,932,969.10       

Public Comment:

New/Old Business:

PERAC MEMOS:

Memo #18/2018:         Vernava Follow Up: Compliance with PERAC Memoranda

Regular Compensation:

Vernava Case/Workers Compensation

Investments:

Portfolio Update and Review/Appropriation Discussion

Section II: Membership:

New Hires:

Town:

9%       Anderson, Maureen, Group 1, Administrative Secretary -DPW Water

            Perm. Full-time: $752.24 weekly

            Start Date: June 4, 2018

9%       Dwyer, Amy, Group 1, Internal Auditor

            Perm. Full-time: $1,098.68 weekly

            Start Date: June 11, 2018

Refunds:

Town:

Schmit, Anne Marie, Group 1, Administrative Assistant

Two (2) Years, Six (6) Months Creditable Service (10/29/2015-5/11/2018)

Total Refund Including FWT: $10,261.23

School:

Keane, Christine, Group 1, Paraprofessional

Ten (10) Years, Ten (10) Months Creditable Service (2/5/2007-12/22/2017)

Total Refund Including FWT: $9,631.32

Rollovers:

School:

Bullock, Lucina, Group 1, Paraeducator

Six (6) Years, Nine (9) Months Creditable Service (9/5/2007-6/20/2014)

Total Rollover: $7,398.15

Transfers:

Town:

McNamee, Bruce, Group 4, Police Captain

Twenty-Eight (28) Years, Two (2) Months Creditable Service (12/21/1997-4/13/2018)

Total Transfer to Dukes County Retirement System: $202,293.79

Tarrant, Andrea, Group 1, Dispatcher

Seven (7) Months Creditable Service (10/2/2017-5/12/2018)

Total Transfer to Weymouth Retirement Board: $2,728.39

School:

Retirements:

Town:

Almeida, Gary, Group 1, Civil Engineer Technician

24 years, 6 months service

Superannuation retirement, opt b

Retirement date: June 29, 2018

School:

Sullivan, Brian, Group 1, Custodian

31 Years, 5 Months service

Superannuation retirement, opt b

Retirement date: June 29, 2018

Maggelet, Isabelle, M, Group 1, Security Receptionist

29 Years, 1 Month service

Superannuation retirement, opt c

Retirement date: 6/22/2018

Executive Session:

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

Next Meeting: