March 2020 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. Despite our best efforts, we are not able to provide for real-time access, and we will post a record of this meeting on the Retirement Boards’s website as soon as we are able.

Section I: Regular Business:

Minutes:

Minutes of January 31, 2020                                      Regular Meeting                                            

Minutes of February 28, 2020                                    Executive Session

Minutes of February 28, 2020                                    Regular Meeting

Warrants:  

Warrant # 1 Dated January 31, 2020                                                  $   2,779,080.92 Partial          

Warrant # 2 Dated February 29, 2020                                                $ 14,955,833.34 Partial

Warrant #3 Dated March 31, 2020                                                     $      436,520.55 Partial

Warrant #4 Dated April 30, 2020                                                       $         6,180.00 Partial                       

Trial Balance as of January 31, 2020                                     $ 196,770,031.29                   

Public Comment:

New/Old Business:

PERAC MEMOS:

Memo #13/2020                      Updated Forms on the PERAC Website

Memo #14/2020                      Required Minimum Distribution: Still Age 70 ½ For This Year’s Notifications

Memo #15/2020                      Coronavirus: Contingency Planning

Memo #16/2020                      Coronavirus Update

2019 PERAC Annual Statement:

Board to review and vote the 2019 PERAC Annual Statement

Financial Statements:

Board to review and vote the Draft copy of Audit of Specific Elements, Accounts and Items of Financial Statements, year ended December 31, 2018, prepared by Powers & Sullivan.

Portfolio Monitoring:

Scott & Scott has sent the Board copies of Quarterly Review Reports for the 4^th Qtr. 2019

Legal:

Joseph McKenna, retired Plymouth Fire Fighter, has appealed his reduction in service to DALA. Mr. McKenna was a call Fire Fighter for the Town of Bourne (prior to his appointment on the Town of Plymouth Fire Department) and later was appointed as a full-time Fire Fighter with the Town of Bourne. He was laid off after six months of full-time permanent service with the Town of Bourne and returned to call service with the Town of Bourne until his full-time appointment with the Town of Plymouth on January 5, 1993. After Mr. Mckenna’s retirement we received notification from the Barnstable County Retirement Board that although in their original transfer letter, they listed all Mr. McKenna’s call service, they would accept 3(8)( c) Liability for 3 years, 8 months  and 16 days creditable service only, since he was not rehired to a full time position with the Town of Bourne Fire Department. A correction of negative 1 year and 6 months was made to Mr. McKenna’s creditable service reducing his retirement allowance by $179.16 per month.

Section II: Membership:

New Hires:

Town:

9%       Antonson, Kenneth, Group 1, Fire Apparatus Mechanic

            Perm. Full-time: $1,048.68 weekly

            Start Date: March 2, 2020

9%       Gauthier, Alfred, Group 1, Recreation Assistant

            Perm. Full-time: $809.77 weekly

            Start Date: March 18, 2020

9%       Milroy, Rachael, Group 1, Public Health Technician

            Perm. Full-time: $1,048.68 weekly

            Start Date: February 24, 2020

School:

9%       Burton, Robert, Group 1, Custodian

            Perm. Full-time: $1,623.20 bi-weekly

            Start Date: March 9, 2020

9%       Condon, Michelle, Group 1, Moderate Special Needs Paraeducator

            Perm. Full-time: $866.09 bi-weekly

            Start Date: March 2, 2020

9%       Sawicki, Anna, Group 1, Paraeducator

            Perm. Full-time: $982.24 bi-weekly

            Start Date: March 9, 2020

Transfers:

Town:

Bishop, Madison, Group 1, Librarian

Two Years (2) Six (6) Months Creditable Service (7/17/2017-1/28/2020)

Total Transfer to Northampton Retirement Board: $12,292.20

Retirements:

Town:

Fitzgibbons, Margaret, Group 1, DPW-Water Administrative Secretary

Twenty-One (21) Years, Eight (8) Months Creditable Service

Superannuation Retirement opt: a

Retirement Date: March 31, 2020

Section III:

Executive Session:

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