September 25, 2015 - Retirement Board Regular Meeting Agenda

Section I: Regular Business:

Minutes:

Minutes of August 21, 2015 Regular Board Meeting
Minutes of August 21, 2015 Executive Session

Warrants:

Warrant # 7, Dated July 31, 2015: $ 11,935,453.23 Final
Warrant # 8, Dated August 31, 2015: $ 3,953,189.97 Partial
Warrant # 9, Dated September 30, 2015: $ 2,499,835.35 Partial
Warrant #10, Dated October 31, 2015: $ 3,778.66 Partial

Public Comment:

Section II: General Correspondence:

PERAC:

GASB 67 & 68 Exhibits prepared by James Lamenzo of PERAC. Exhibits are based on actuarial valuation performed on January 1, 2013 & rolled forward to December 31, 2014.

PERAC Memo's

Memo #19/2015: Proposed Regulations Regarding Disability Retirement (840 CMR 10.00) and Retirement Board Election (840 CMR 7.00)

Memo #20/2015: Tobacco Company List

Lease Extension:

Board to review and vote the Amendment of Lease for the office space at 10 Cordage Park Suite #240, Plymouth, MA.

Investments:

Anthony Tranghese of FIA will be present and will discuss the following items:
• Portfolio update through August 31, 2015
• Review of potential custody services search
• Review of off-site manager interviews October 28, 2015

Section III: Membership:

New Hires:

Town:

Coombes, Andrue. Group 1, Social/Outreach Worker
Perm. Full-time, $787.82 weekly
Start Date: September 2, 2015

Frizzell, Hayley, Group 1, Administrative Secretary
Perm. Full-time, $698.54 weekly
Start Date: September 8, 2015

Mayo, Nicholas, Group 1, Local Building Inspector
Perm. Full-time, $1002.20 weekly
Start Date: September 1, 2015

School:

Anzalone, Tracy, Group 1, Paraprofessional
Perm. Full-time, $924.87 bi-weekly
Start Date: September 1, 2015

Bolle, Jennifer, Group 1, Secretary
Perm. Full-time, $1153.39 bi-weekly
Start Date: August 18, 2015

Braun, Denise, Group 1, Paraprofessional
Perm. Full-time, $924.83 bi-weekly
Start Date: September 1, 2015

Brown, Amy, Group 1, Secretary
Perm. Full-time, $1,376.73 bi-weekly
Start date: August 10, 2015

Byrne, Brian, Group 1, Education Production Mgr
Perm. Full-time, $2307.70 bi-weekly
Start Date: August 24, 2015

Caruso-Stracco, Antonietta, Group 1, Paraprofessional
Perm. Full-time, $736.61 bi-weekly
Start Date: September 1, 2015

Cicchetti, Karen, Group 1, Paraprofessional
Perm. Full-time, $628.12 bi-weekly
Start Date: September 1, 2015

Coombs, Cynthia, Group 1, Paraprofessional
Perm. Full-time, $924.83 bi-weekly
Start Date: September 1, 2015

Donovan, Lori, Group 1, Paraprofessional
Perm. Full-time, $924.83 bi-weekly
Start Date: September 1, 2015

Fratus, Tanya, Group 1, Cafeteria Worker
Perm. Full-time, $1,111.43 bi-weekly
Start Date: September 1, 2015

Frechette, Galynn, Group 1, Paraprofessional
Perm. Full-time, $669.60 bi-weekly
Start Date: September 1, 2015

Goonan, Emily, Group 1, Media & Communications Specialist
Perm. Full-time, $2,045.45 bi-weekly
Start Date: August 21, 2015

Groom, Jessica, Group 1, Paraprofessional
Perm. Full-time, $616.38 bi-weekly
Start Date: September 1, 2015

Hanson, Matthew, Group 1, Paraprofessional
Perm. Full-time, $924.89 bi-weekly
Start Date: September 1, 2015

Hilton, Patricia, Group 1, Paraprofessional
Perm. Full-time, $924.83 bi-weekly
Start Date: September 1, 2015

Johnson, Kathleen, Group 1, Paraprofessional
Perm. Full-time, $791.92 bi-weekly
Start Date: September 1, 2015

Mackay, Tracyann, Group 1, Paraprofessional
Perm. Full-time, $669.56 bi-weekly
Start Date: September 1, 201

McLoud, Nancy, Group 1, Paraprofessional
Perm. Full-time, $924.87 bi-weekly
Start Date: September 1, 2015

McNamara, Evan, Group 1, TV Studio Tech. Asst
Perm. Full-time, $1,538.47 bi-weekly
Start Date: August 18, 2015

Parks, Andrea, Group 1, Paraprofessional
Perm. Full-time, $924.83 bi-weekly
Start Date: September 1, 2015

Petrosino, Sean, Group 1, Paraprofessional
Perm. Full-time, $679.91 bi-weekly
Start Date: September 1, 2015

Reardon, Michele, Group 1, Paraprofessional
Perm. Full-time, $791.92 bi-weekly
Start Date: September 1, 2015

Ruley, Rosanne, Group 1, Paraprofessional
Perm. Full-time, $924.87 bi-weekly
Start Date: September 1, 2015

Stinchfield, Jennifer, Group 1, Paraprofessional
Perm. Full-time, $924.83 bi-weekly
Start Date: September 1, 2015

Vincent, Yona, Group 1, Paraprofessional
Perm. Full-time, $924.87 bi-weekly
Start Date: September 1, 2015

Walker, Maureen, Group 1, Paraprofessional
Perm. Full-time, $924.87 bi-weekly
Start Date: September 1, 2015

Wright, Marijane, Group 1, Paraprofessional
Perm. Full-time, $924.83 bi-weekly
Start Date: September 1, 2015

Zacchini, Beth, Group 1, Paraprofessional
Perm. Full-time, $924.83 bi-weekly
Start Date: September 1, 2015

Rollovers:

Town:

Discussion:

Shawn Coughlin, former group 4, Police Office, with 16 yrs, 10 months
creditable service, has requested to roll his annuity saving fund in the amount of
$103,055.58 into a qualified IRA.

School:

Gray, Maureen, Group 1, Cafeteria Worker
7 Years 6 Months Creditable Service (9/6/06-3/7/14)
Total Rollover Amount: $6,976.44

Retirements:

Town:

Oliva, Lorie, Group 1, Admin. Secretary
10 years service
Superannuation retirement, opt c
Retirement date: September 11, 2015

School:

Sheridan, Marcia, W., Group 1, Cafeteria Worker
24 years, 7 months
Superannuation retirement, opt b
Retirement Date: September 29, 2015

Section V: Executive Session:

Pursuant to MGL Chapter 30A, Section 21 (a)(3), and(5) the Board will enter into executive session to hold a disability evidentiary hearing for an Accidental Disability retirement application filed by Joseph Burkhead.

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.

Next Meeting: