July 2022 Retirement Board Meeting
Pursuant to Governor Baker’s March 12, 2020, Order Suspending Certain Provisions of the Open Meeting Law, G.L. c. 30A, §18, and the Governor’s March 15, 2020, Order imposing strict limitations on the number of people that may gather in one place, this meeting of the Plymouth Retirement Board is being conducted via remote participation. No in-person attendance of members of the public will be permitted, but every effort will be made to ensure that the public can adequately access the proceedings as provided for in the Order.
Any member of the public that wishes to join the Plymouth Retirement Board Meeting remotely may call the Retirement Office at (508) 830-4170 or send an email to:
Section I: Regular Business:
Minutes:
Minutes of March 25, 2022 Executive Session
Minutes of March 25, 2022 Regular Session
Minutes of April 22, 2022 Executive Session
Warrants:
Warrant #5 Dated May 31, 2022 $ 2,546,818.82 Final
Warrant #6 Dated June 30, 2022 $ 2,106,563.00 Partial
Warrant #7 Dated July 31, 2022 $ 4,044,725.80 Partial
Warrant #8 Dated August 31, 2022 $ 2,006,556.00.00 Partial
Trial Balance as of May 31, 2022 $ 242,002,353.28
May 2022 Accounting Reports Presented to Board for Review:
Rockland Trust - Checking & Money Market Acct Statements
Treasurer’s Reconciliation – RTC Checking & Money Market Accts
Trial Balance
Cash Receipts
Cash Disbursements
Adjustments
Public Comment:
New/Old Business:
January 1, 2022 Actuarial Valuation & COLA Increase Study:
Linda Bournival of KMS Actuaries will be present to discuss the January 1, 2022, Actuarial Valuation. She will also discuss the COLA base increase study with the Board.
PERAC:
2021 PERAC Investment Report
PERAC Memos:
Memo #17/2022: Mandatory Retirement Board Member Training – 3rd Quarter 2022
Memo #18/2022: Expiration of Open Meeting Law Waiver
Memo #19/2022: Extension of Open Meeting Law Waivers
Memo #20/2022: Reinstatement to Service under G.L. c. 32 sec 105
Investments:
Anthony Tranghese from Fiducient Advisors will give a Portfolio Update & Review and, discuss the investing of the upcoming Appropriation.
Section II: Membership:
New Hires:
Town:
9% Antone, Ronda, Group 1, Administrative Secretary
Perm. Full-time: $814.24 weekly
Start Date: June 13, 2022
9% Dayie, Katherine, Group 1, Finance Administrator
Perm. Full-time: $832.62 weekly
Start Date: July 1, 2022
9% Dutra, Eliomar, Group 1, Laborer-Cemetery
Perm. Full-time: $931.72 weekly
Start Date: July 18, 2022
9% Flynn, Connor, Group 4, Police Officer
Perm. Full-time: $1,316.01 weekly
Start Date: July 18, 2022
9% Ford, Daniel, Group 4, Police Officer
Perm. Full-time: $1,401.00 weekly
Start Date: July 11, 2022
9% Freeman, Cole, Group 1, Laborer
Perm. Full-time: $931.72 weekly
Start Date: August 8, 2022
9% Gallerani, Anthony, Group 1, Inspector/Lister
Perm. Full-time: $1,134.92 weekly
Start Date: July 11, 2022
9% Ludwig, Scott, Group 1, Town Surveyor
Perm. Full-time: $1,717.45 weekly
Start Date: June 22, 2022
9% McElreath, Kelly, Group 1, Town Clerk
Perm. Full-time: $1,867.29 weekly
Start Date: July 14, 2022
9% Mone, Cheryl, Group 1, Administrative Secretary
Perm. Full-time: $930.92 weekly
Start Date: July 18, 2022
9% Reil, Mark, Group 1, Climate Resiliency/Sustainability Planner
Perm. Full-time: $1,830.26 weekly
Start Date: July 5, 2022
9% Senesi, Anthony, Group 1, Administrative Assistant
Perm. Full-time: $1,248.98 weekly
Start Date: July 5, 2022
9% Tocco, Jeff, Group 1, Administrative Assistant
Perm. Full-time: $972.29 weekly
Start Date: August 1, 2022
School:
9% Crawford, Joseph, Group 1, Custodian
Perm. Full-time: $1,840.00 bi-weekly
Start Date: June 27, 2022
Refunds:
School:
Arthurs, Denise, Group 1, Paraprofessional
Nine (9) Months Creditable Service (9/5/2007-6/20/2008)
Total Refund Including FWT: $501.60
PHA:
Robbins, Cari, Group 1, Program Coordinator
Eleven (11) Months Creditable Service (1/13/2020-12/26/2020)
Total Refund Including FWT: $3,685.01
3(8)(c ) Liability:
Christine Blanchard, Group 1, Former School Department Aide from September 15, 1988 through April 25, 1989, is currently a member of the MA Teachers’ Retirement System. Ms. Blanchard took a refund of her deductions on June 1, 1989. If proper repayment of deductions and interest is made, will the Board take 3(8)(c ) Liability for seven (7) months of service?
Robin Hess, Group 1, Former Part-time Employee for the Plymouth Airport, is currently a member of the MA Teachers’ Retirement System and currently works for the Town of Plymouth School System. Ms. Hess worked part-time from December 1990 through March 1994. Ms. Hess would like to purchase her part-time service. If proper payment of deductions and interest is made, will the Board take 3(8)(c ) Liability for seven (7) months of creditable service?
Lauren Mulligan, Group 1, Former Special Needs Aide, is currently a member of the MA Teachers’ Retirement System. Ms. Mulligan took two refunds of her deductions: one (1) month of service – refunded February 28, 2001; one (1) year, eight (8) months of service – refunded April 30, 2006. If proper repayment of deductions and interest is made, will the Board take 3(8)(c ) Liability for one (1) month of service and one (1) year, eight (8) months of service?
Retirements:
Town:
Blanchard, Joseph, Group 1, DPW Highway Foreman
Ten (10) Years, Five (5) Months Creditable Service
Superannuation Retirement: opt c
Retirement Date 7/22/2022
Stundis, Louise F., Group 1, Animal Control Officer
Thirty-Five (35) Years, Eleven (11) Months Creditable Service
Superannuation Retirement: opt b
Retirement Date: July 23, 2022
Executive Session:
Pursuant to MGL Chapter 30A, Section 21 (a)(3), the Board will enter into Executive Session to discuss ongoing litigation.