September 23, 2016 - Retirement Board Meeting Agenda
Section I: Regular Business:
Minutes:
Minutes of August 26, 2016 Minutes of Regular Meeting
Minutes of August 26, 2016 Executive Session
Warrants:
Warrant # 7 Dated July 31, 2016 $ 2,871,142.00 Final
Warrant # 8 Dated August 31, 2016 $ 4,077,462.61 Partial
Warrant #9 Dated September 30, 2016 $ 2,606,505.68 Partial
Warrant #10 Dated October 31, 2016 $ 2,593,873.13 Partial
Trial Balance as of July 31, 2016 $152,128,239.42
Public Comment:
Section II: General Correspondence:
PERAC Memos:
Memo #22/2016: Forfeiture of Retirement Allowance for Dereliction of Duty by Members
Financial Statement Audit:
Draft Financial Statements for year ended December 31, 2015, prepared by Powers & Sullivan.
Security Litigation Monitoring:
Labaton Sucharow 2nd Quarter 2016 Securities Litigation Report.
Section III: Membership:
New Hires:
Town:
9% Carney, Andrew, Group 4, Police Officer
Perm. Full-time: $967.30 weekly
Start Date: September 12, 2016
9% DeMeireles, Walasson, Group 1, Heavy Equip. Operator-Highway
Perm. Full-time: $795.34 weekly
Start Date: September 19, 2016
9% Hart, John, Group 1, Airport Operations
Perm. Full-time: $795.34 weekly
Start Date: September 6, 2016
9% McNulty, Sean, Group 1, Laborer-Parks
Perm. Full-time: $735.32 weekly
Start Date: September 12, 2016
School:
9% Carr, Kristyn, Group 1, Certified Occupational Therapist Assistant
Perm. Full-time: $1,528.37 bi-weekly
Start Date: August 29, 2016
9% Hennessy, Geoffrey, Group 1, Paraeducator
Perm. Full-time: $953.51 bi-weekly
Start Date: August 29, 2016
9% Johnson, Sara, Group 1, Paraprofessional
Perm. Full-time: $676.79 bi-weekly
Start Date: September 12, 2016
9% MacKenzie, Jessica, Group 1, Paraeducator
Perm. Full-time: $920.22 bi-weekly
Start Date: August 29, 2016
9% Malone, Shannon-Rose, Group 1, Paraeducator
Perm. Full-time: $1,126.87 bi-weekly
Start Date: August 29, 2016
9% Ruemker, Molly, Group 1, Cafeteria Worker
Perm. Full-time: $844.31 bi-weekly
Start Date: August 30, 2016
9% Schulman, Felicia, Group 1, Paraeducator
Perm. Full-time: $859.89 bi-weekly
Start Date: September 12, 2016
Retirements:
Town:
MacLeod, Bette, J., Group 1, Senior Librarian
28 years, 11 months service
Superannuation retirement, opt b
Retirement date: October 31, 2016
School:
Warner, Margaret A., Group 1, Paraeducator
20 years, 3 months service
Superannuation Retirement, opt b
Retirement date: September 16, 2016
Buybacks:
Town:
Higgins, Paul, Group 4, Police Officer, has requested a buyback of five (5) months of prior Park Police Service with the Town of Plymouth Police Department.
Total Buyback Amount: $1,183.82
Higgins, Paul, Group 4, Police Officer, has requested a buyback of one (1) year, five (5) months of prior Military Service.
Total Buyback Amount: $4,763.05
School:
Coombs, Cynthia, Group 1, Paraprofessional, has requested a buyback of one (1) year, eight (8) months of service for a prior refund with the State Retirement Board. The State Board of Retirement will take liability for this service time.
Total Buyback Amount: $3,478.95
Transfers:
Town:
Wallace-Gross, Matthew, Group 4, Firefighter
Six (6) Months Credible Service (7/30/07-2/28/08)
Transfer to MA Teachers’ Retirement System: $2,916.97
School:
Thomson, Jacqueline, Group 1, Speech Pathologist
Two (2) Years, Two (2) Months Credible Service (9/16/02-6/19/03)
Transfer to MA Teachers’ Retirement System: $6,169.92
Survivor Benefits Application – Section 12(2)(d)
Member in-service, Clemont Robson, Cremationist, died on August 12, 2016. Application for spousal survivor benefits has been received from his widow, Patricia A. Robson to receive Section 12(2)(d) benefits.
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 for the Accidental Disability Application of Paul Jennings.
Pursuant to MGL Chapter 30A, Section 21 (a)(3), the Board will enter into executive session to hear from its Attorney regarding ongoing litigation.