May 20, 2016 - Retirement Board Meeting Agenda
PLYMOUTH RETIREMENT BOARD Friday, May 20, 2016 8:05 a.m.
10 Cordage Park Circle, Suite 240 Plymouth MA 02360
Section I: Regular Business:
Minutes:
Minutes of April 15, 2016 OPEB Meeting
Minutes of April 15, 2016 Regular Meeting
Minutes of April 15, 2016 Executive Session
Warrants:
Warrant # 3, Dated March 31, 2016 $ 3,018,669.66 Final
Warrant # 4, Dated April 30, 2016 $ 1,475,061.47 Partial
Warrant # 5, Dated May 31, 2016 $ 153,543.43 Partial
Warrant # 6 Dated June 30, 2016 $ 3,873.13 Partial
Trial Balance: March 31, 2016 $143,114,874.35
Public Comment:
Section II: General Correspondence:
PERAC Memos:
Memo #15/2016: Disability Regulations and Signed Transmittals
Investments:
Anthony Tranghese from FIA to give preliminary April 2016 performance update & discuss the Appropriation Distribution due July 1, 2016.
Portfolio Monitoring Service:
Scott & Scott has sent the Board their 1st Qtr. 2016, Quarterly Review Reports
Request for Proposals:
Board to discuss and review rating of applicants of RFP for Investment Consulting Services
New Hires:
Town:
9% Healey, Virginia, Group 1, Volunteer Coordinator
Perm. Full-time: $536.21 weekly
Start Date: May 11, 2016
9% Hickey. Michael, Group 1, Laborer-Cemetery
Perm. Full-time: $717.38 weekly
Start Date: May 16, 2016
9% Livera, Frank, Group 1, Recreation Assistant
Perm. Full-time: $737.23 weekly
Start Date: April 19, 2016
PHA:
9% Letourneau, JoAnna, Group 1, Administrative Secretary
Perm. Part-time: $1,040.00 bi-weekly
Start Date: April 11, 2016
Retirements:
School:
Kirkland, Patricia, Group 1, Kitchen Manager
18 years service
Superannuation retirement, opt c
Retirement date: June 20, 2016
PHA:
Blanchard, Stephanie, Group 1, Computer Systems Manager
14 Years, 5 months service
Superannuation retirement, opt b
Retirement Date: May 31, 2016
Transfers:
School:
Carey, Susan, Group 1, Secretary
8 Years 5 Months Creditable Service (10/9/12-6/17/15)
Total Transfer to State Retirement Board: $15,811.40
Buybacks:
Town:
McCall, Kerin, Group 1, Environmental Technician, has requested a buyback of eight (8) months of service for prior seasonal employment with the Parks Division – DPW
Total Buyback Amount: $3,013.05.
Board Policy for Interest on Errors:
Board to discuss and adopt a policy that addresses interest refunded & owed based upon errors.
Staff Bylaw Amendments:
Discussion on possible amendment to Retirement Office Staff Bylaw for LTIA buy back. Request made to change LTIA buy back from five (5) days per year to ten (10) days per year, upon accrual of 180 days.
Section V: Executive Session:
Pursuant to MGL Chapter 30A, Section 21 (a)(1), the Board will enter into executive session to hold an Evidentiary Hearing on the Ordinary/Disability Application for Richard Civetti.
Pursuant to MGL Chapter 30A, Section 21 (a)(1), the Board will enter into executive session to hold an Evidentiary Hearing on the Involuntary Accidental Disability Application of Thomas Kelley.
Pursuant to MGL Chapter 30A, Section 21 (a)(3), the Board will enter into executive session to hear from its Attorney regarding ongoing litigation.
Next Meeting: