November 17, 2017 - Retirement Board Meeting Agenda
Section I: Regular Business:
Minutes:
Minutes of October 27, 2017 Regular Meeting
Warrants:
Warrant #9/2017, September 30, 2017: $ 6,081,020.09 Final
Warrant #10/2017, Dated October 31,2017: $1,808,044.23 Partial
Warrant #11/2017, Dated November 30, 2017: $1,340,812.97 Partial
Warrant #12/2017, Dated December 31, 2017 $ 3,911.19 Partial
Public Comment:
New/Old Business:
2018 Budget:
Board to review and vote 2018 Retirement System Budget
New Manager Funding/Termination of Prior Manager:
Columbia Threadneedle will be replacing Invesco as the High Yield manager as a result of the recent manager search. Board to vote on termination of Invesco.
Town Hall Time Capsule:
Review and vote on draft Retirement System Time Capsule report.
PERAC MEMOS:
Memo #33/2017: New Fraud Prevention Poster
Memo #34/2017: Administrator’s Training (November 14, 2017) – Location Change
Section II: Membership:
New Hires:
Town:
9% Correa, Caitlyn, Group 1, Administrative Secretary
Perm. Full-time: $752.24 weekly
Start Date: November 6, 2017
9% Long, Ammie, Group 1, Librarian
Perm. Full-time: $870.63 weekly
Start Date: November 20, 2017
9% Whalen, Margaret, Group 1, Director of Community Development
Perm. Full-time: $1,186.58 weekly
Start Date: November 20, 2017
School:
9% Allen, Obrean, Group 1, Custodian
Perm. Full-time: $1,588.80 bi-weekly
Start Date: October 30, 2017
Buybacks:
Fitzpatrick, Nicole, Group 1, Paraeducator, has requested to purchase prior service from November 3, 2015 through September 12, 2017 with the Plymouth School Department.
Total Buy Back Amount: $ 1,179.23
LeGeyt, Carrie, Group 1, Behavior Analyst, has requested to purchase prior service from September 1, 2015 through August 30, 2017 with the Plymouth School Department.
Total Buy Back Amount: $11,564.41
Transfers:
Town:
Brindisi, Derek, Group 1, Assistant Town Manager
One (1) Year Eight (8) Months Creditable Service (11/2/2015-7/28/2017)
Total Transfer to Worcester Regional Retirement Board: $125,186.74
Retirements:
School:
Cretinon, Alan, Group 1, Skilled Craftsman
Thirty-Five (35) Years, Two (2) Months Creditable Service
Superannuation option: c
Retirement Date: November 28, 2017
Dagesse, Susan, Group 1, Cafeteria Worker,
Twenty-One (21) Years, Five (5) Months Creditable Service
Superannuation option: c
Retirement Date: December 1, 2017
Investments:
Tony Tranghese, CFA, Principal/Senior Consultant – Fiduciary Investment Advisors
Quarterly Investment Review
Update on High Yield transition
Vintage Year 2018 Private Equity Discussion
8:30 Barings Floating Rate Income Fund
Mike Ziobrowski, Client Portfolio Manager, Director, High Yield Product Management
9:30 Acadian International Small Cap Fund
Heather Mazzarella, Client Service Associate
Scott Brymer, Vice President, Portfolio Manager
Next Meeting: Friday, December 15, 2017