October 16, 2015 - Retirement Board Regular Meeting Agenda

Section I: Regular Business:

Minutes:

Minutes of September 25, 2015 Regular Board Meeting
Minutes of September 25, 2015 Executive Session

Warrants:

Warrant # 8, Dated August 31, 2015: $ 5,549,013.09 Final
Warrant # 9, Dated September 30, 2015: $ 3,830,806.17 Partial
Warrant # 10, Dated October 31, 2015: $ 23,713.18 Partial
Warrant #11, Dated November 30, 2015: $ 3,873.13 Partial

Trial Balance August 31, 2015: $151,273,466.97

Public Comment:

Section II: General Correspondence:

PERAC Memo's

Memo #21/2015: Mandatory Retirement Board Member Training-4th Quarter 2015
Memo #22/2015: Appropriation Data Due October 31, 2015

Investments:

Board to discuss and vote to accept the amendment to extend existing contract term, consistent with the recent amendment to Section 23B:

• Westfield Capital Management extended to April 16, 2022
• Labaton Sucharow extended to December 31, 2018

Section III: Membership:

New Hires:

Town:

Dawley, Robert M., Group 1, Assistant Harbormaster
Perm. Full-time, $936.01 weekly
Start Date: October 5, 2015

Milner, Sara, Group 1, Library Associate
Perm. Full-time, $712.47 weekly
Start Date: September 29, 2015

McGarry, Dennis, Group 1, Motor Equipment Operator
Perm. Full-time, $703.31 weekly
Start Date: October 5, 2015

Sealy, Linda, Group 1, Administrative Secretary
Perm. Full-time, $698.54 weekly
Start Date: October 8, 2015

School:

Creager, Frederick, Group 1, Cafeteria Truck Driver
Perm. Full-time, $728.95 bi-weekly
Start Date: September 21, 2015

Nolan, Jennifer, Group 1, Academic Coordinators' Secretary
Perm. Full-time, $1,573.65 bi-weekly
Start Date: September 21, 2015

Osborne, Nicole, Group 1, Paraprofessional
Perm. Full-time, $568.96 bi-weekly
Start Date: October 5, 2015

3(8)(c) Liability:

Kimberly Sylvia, former Paraprofessional for Plymouth Public Schools, is currently a member of the Barnstable County Retirement Association. Ms. Sylvia worked as a Paraprofessional from December 9, 2002 – December 12, 2007. She also transferred in one (1) year, five (5) months from Plymouth County Retirement Board (1/20/00-6/30/01) and three (3) months from State Retirement Board (9/4/01-12/7/01). Ms. Sylvia rolled over her deductions on April 23, 2009. If proper repayment of deductions and interest is made, will the Board take 3(8)(c ) Liability for six (6) years, three (3) months service?

Retirements:

School:

Cardillo, Holly, Group 1, Student Activities Monitor
12 years, 8 months service
Superannuation retirement, opt a
Retirement date: October 5, 2015

Section IV: New Business:

2016 Budget:

Board to review draft 2016 Budget.

Board to discuss FY 2017 Staff COLA, as proposed in the draft 2016 Budget.

Section V: Executive Session:

Pursuant to MGL Chapter 30A, Section 21 (a)(3), and(5) the Board will enter into executive session to hear from its Attorney regarding ongoing litigation.

Pursuant to MGL Chapter 30A, Section 21 (a)(3), and(5) the Board will enter into executive session to hold a disability hearing to hear witness testimony for an Accidental Disability retirement application filed by Roland Santos, Group 4, Police Sergeant.

Next Meeting: