Regular & Annual Investment Manager Reviews Meeting Agenda

Section I: Regular Business:

Minutes:

Minutes of October 25, 2019                                                  Regular Meeting

Minutes of October 25, 2019                                                  Executive Session

Warrants: 

Warrant #9 Dated September 30, 2019                                  $       13,126,514.77 Final

Warrant #10 Dated October 31, 2019                                     $         1,869,828.32 Partial

Warrant #11 Dated November 30, 2019                                 $         1,146,486.01 Partial

Warrant #12 Dated December 1, 2019                                   $                6,000.00 Partial

Trial Balance as of: September 30, 2019                               $188,657,005.49                         

Public Comment:

New/Old Business:

PERAC MEMOS:

Memo #24/2019:         Appropriation Data

PTG Software Support & Hosting Agreement:

Board to review and vote PTG Software Support and Hosting Agreement for period of January 1, 2020 – December 31, 2026.

Investments:

Anthony Tranghese will give a portfolio review and update the Board on the current RFP’s for Large Cap Value & International Value Managers.

2019 Investment Manager Interviews:

8:30 a.m.         Barings

9:00 a.m.         Wellington

Section II: Membership:

New Hires:

Town:

9%       Fernandes Jr., Antonio, Group 1, Heavy Motor Equipment Operator-Solid Waste

            Perm. Full-time: $852.30 weekly
            Start Date: October 28, 2019

9%       Masiello, Steven, Group 1, Local Inspector B

            Perm. Full-time: $1,007.96 weekly

            Start Date: November 1, 2019

School:

9%       Dutch, Rosalie, Group 1, Paraeducator

            Perm. Full-time: $704.02 bi-weekly

            Start Date: November 25, 2019

9%       McFayden, Abigail, Group 1, Paraeducator

            Perm. Full-time: $1,112.99 bi-weekly

            Start Date: October 25, 2019

Transfers:

School:

Cavacco, Siobhan, Group 1, Academic Coordinator

Twelve (12) Years, Five (5) Months Creditable Service (8/3/2005-9/20/2019)

Total Transfer to Barnstable County Retirement: $46,828.80

Refunds:

School:

Boutilier, Suzanne, Group 1, Paraeducator

Five (5) Years, One (1) Month Creditable Service (8/27/2014-10/2/2019)

Total Refund Including FWT: $11,924.41

Smith, Kelley, Group 1, Cafeteria Worker

Twelve (12) Years, Ten (10) Months Creditable Service (10/30/2006-9/27/2019)

Total Refund Including FWT: $9,801.58

Buybacks:

Town:

Larsen, Adam, Group 4, Police Officer, has requested to purchase a prior refund of eleven (11) years, six (6) months service (January 24, 2005 through August 5, 2016) with the Plymouth Police Department.  Total amount of this refund was $80,703.87.  Interest will accrue monthly on this buyback.

School:

3(8)(c ) Liability:

Town:

Joseph Matterazzo, Inspector of Wires, was previously employed part-time for the Town of Duxbury and not allowed membership into their system.  He would like the Town of Plymouth Retirement Board to take seven (7) months 3(8)(c ) liability for his part-time service with the Town of Duxbury if proper repayment is made. Will the Board take seven (7) months liability?

School:

Betsy Sampson-Day (Donelan) is currently a member of the Plymouth County Retirement Association.  She was previously employed by the Town of Plymouth School Department from November 1, 1995 through November 1, 1999 and took a refund of her deductions on July 31, 2003.  If proper repayment of deductions and interest is made will the Board take two (2) years, nine (9) months liability?

Retirements:

Town:

Smith, Francis E., Group 1, Fire Apparatus Mechanic

Twenty (20) Years Creditable Service

Superannuation Retirement, opt b

Retirement Date: December 27, 2019

Section III:

Executive Session:

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