November 18, 2016 - Retirement Board Meeting Agenda
PLYMOUTH RETIREMENT BOARD Friday, November 18, 2016 8:00 a.m.
10 Cordage Park Circle, Suite 240 Plymouth MA 02360
Section I: Regular Business
Minutes:
Minutes of October 28, 2016 Minutes of OPEB Meeting
Minutes of October 28, 2016 Executive Session
Warrants:
Warrant #9 Dated September 30, 2016 $ 4,007,271.85 Final
Warrant #10 Dated October 31, 2016 $ 5,620,884.41 Partial
Warrant #11 Dated November 30, 2016 $ 179,499.03 Partial
Warrant #12 Dated December 31, 2016 $ 3,873.13 Partial
Trial Balance as of September 2016 $154,111,532.57
Public Comment:
Section II: Membership:
Hearing Pursuant to M.G.L. c.32 sec. 15(4) &16(1):
Board to hold a hearing for Lynda Scolamiero, former Health Department Administrative Assistant.
New Hires:
Town:
9% Gordon, Peter, Group 1, Cross Connection Inspection-Water Div.
Perm. Full-time: $889.02 weekly
Start Date: November 14, 2016
9% Mascio, Michael, Group 4, Firefighter
Perm. Full-time: $1007.61 weekly
Start Date: November 14, 2016
9% McDaniel, Scott, Group 1, Dispatcher
Perm. Full-time: $741.87 weekly
Start Date: November 7, 2016
9% Smith, Joshua, Group 4, Student Police Officer
Perm. Full-time: $967.30 weekly
Start Date: October 31, 2016
9% Vico, Austin, Group 4, Student Police Officer
Perm. Full-time: $967.30 weekly
Start Date: October 31, 2016
School:
9% Hester, Mark, Group 1, Paraeducator
Perm. Full-time: $808.58 bi-weekly
Start Date: November 7, 2016
9% Moniz, John, Group 1, Paraprofessional
Perm. Full-time: $869.87 bi-weekly
Start Date: August 29, 2016
9% Slazas, Christina, Group 1, Paraeducator
Perm. Full-time: $846.55 bi-weekly
Start Date: October 24, 2016
Retirements:
Town:
Higgins, Victor, M., Group 4, Police Lieutenant
Thirty-nine (39) years and eleven (11) months service
Superannuation retirement, opt c
Retirement Date: November 30, 2016
Walulik, Barbara, Group 1, Assistant Collector
Twenty-one years (21), three (3) months service
Superannuation retirement, opt b
Retirement Date: December 16, 2016
School:
Pollard, Nancy, Group 1, Paraprofessional
Twenty-six (26) years and nine (9) months Creditable Service
Superannuation retirement opt b
Retirement Date: December 9, 2016
Refunds:
School:
Martel, Debra, Group 1, Custodian
Four (4) Years, Five (5) Months Creditable Service (12/27/11-6/17/2016)
Total Refund Including FWT: $17,472.86
McLoud, Nancy, Group 1, Paraprofessional
Nine (9) Months Creditable Service, (9/1/2015-6/20/2016)
Total Refund Including FWT: $2,032.66
Tibbetts, John, Group 1, Custodian
One (1) Months Creditable Service (8/9/2005-9/1/2006)
Total Refund Including FWT: $298.44
Rollovers:
School:
Kerr, Michelle, Group 1, Special Needs Aide
Eight (8) Years Seven (7) Months Creditable Service (3/1/04-10/24/12)
Total Rollover Amount: $9,377.44
3(8)(c ) Liability:
School:
Kathryn Gravelle, is a former part-time Paraprofessional. She was not eligible for membership in the Plymouth Retirement System. Ms. Gravelle is now a member of the Massachusetts Teachers’ Retirement System. She would like to purchase her prior service from October 14, 2008 to June 20, 2011. If proper deductions and interest are deposited, will the Board accept one (1) year 3(8)(c ) liability for Ms. Gravelle?
Transfers:
School:
Chapman, Adam, Group 1, Custodian
One (1) Year, Six (6) Months Creditable Service
Total Transfer to Plymouth County Retirement Board: $5,619.57
Liskov, Tricia, Group 1, Technical Studies Secretary
Five (5) Years, Three (3) Months Creditable Service (9/2/10-1/1/16)
Total Transfer to Barnstable County Retirement Board: $16,295.08
Section III: Investments Agenda with Manager Reviews
Annual Investment Manager Interviews:
8:30 a.m. Third Quarter Investment Review
Tony Tranghese, CFA principal/Senior Consultant-Fiduciary Investment Advisors
9:00 a.m. Barings Floating Rate Income Fund
Steve Rixham, Managing Director, HY Product
Mike Ziobrowski, Director, HY Product Management
Lauren McDermott, Assoc. Director, Business Development
9:30 a.m. Acadian International Small Cap Fund
Mike Goulet-Client Services Associate
Scott Brymer-Vice President, Portfolio Manager
10:00 a.m. Invesco-High Yield Fund and International Growth Fund
Keri Hepburn, Managing Director
Scott Roberts, Portfolio Manager (High Yield)
Greg Allison, Client Pertfolio Manager (International Growth Fund)
10:30 a.m. RhumbLine S&P 500 Index Fund
Denise D’Entremont, Director
Section IV: Executive Session:
Pursuant to MGL Chapter 30A, Section 21 (a)(1). The Board will enter into executive session to hold a hearing on the Regional Medical Panel findings for the Accidental /Ordinary Disability Application of Jeremy Sullivan.
Pursuant to MGL Chapter 30A, Section 21 (a)(3), the Board will enter into executive session to hear from its Attorney regarding ongoing litigation.