Minutes
Winthrop Retirement Board · from the Town's website · 2 pages · 712 KB
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Winthrop Contributory Retirement System Board Meeting Minutes from the Meeting Held on May 25, 2021 6:00 PM L Meeting was held remotely via Conference Call using Zoom ce Present Were: Francis Carberry Karin Chavis James F eeley Stacy Calla 4fC SF ty Chairman Carberry called the meeting to order at 6:02PM Voted on a motion by Karin Chavis, seconded by James Feeley, to approve the Retirement Board minutes for the meeting held on April 27, 2021. After a roll call vote the motion passed 3-0 with Stacy Calla abstaining. Voted on a motion by James Feeley, seconded by Karin Chavis, to approve the Retirement System Warrant (Payroll, Accounts Payable, Investment transfers) for May 2021 in the amount of $486,647.04. After a roll call vote the motion passed 4-0. Voted on a motion by Karin Chavis, seconded by James Feeley, to transfer of funds in the amount of $325,000, effective June 1, 2021, from PRIM to Eastern Bank to cover payroll and accounts payable for June 2021. After a roll call vote the motion passed 4-0, Voted on a motion by James F eeley, seconded by Stacy Calla, to approve the following acceptances at 9% + 2%: Name Title/Group Start Date Salary Lori Uminski Senior Clerk/1 4/12/2021 $27,082.64/25 hours a week Elizabeth Carsley School Paraprofessional/1 4/26/2021 $5,672.94/pro-rated/full time Joseph DiPietro DPW/1 5/3/2021 $37,484.19/full time Jennifer Adamson Police Officer/4 5/5/2021 $50,936.23/full time After a roll call vote the motion passed 4-0. Voted on a motion by Stacy Calla, seconded by James Feeley, to approve the following acceptance at 8% + 2%: Name Title/Group Start Date Salary Gregory McClay Library Director/} 4/26/2021 $75,000/full time After a roll call vote the motion passed 4-0. Voted on a motion by James Feeley, seconded by Stacy Calla, to approve the following application for Voluntary Superannuation Option A retirement effective July 2, 2021: Barbara Marino Accounts Payable /WHA 16.5833 years of service After a roll call vote the motion passed 4-0 Voted on a motion by James Feeley, seconded by Stacy Calla, to approve the following refund of accumulated deductions effective May 28, 2021: Derek Savage DPW Dates of service: 9/3/2019 — 04/14/2021 1.5833 years After a roll call vote the motion passed 4-0. New Business A Notice of Election will be mailed to members and retirees on June 14, 2021, with nomination papers available for the 3'4 and 4" seats of the Winthrop Retirement Board. Chairman Carberry stated a request was received by the Board from the MTA for the names and addresses of Winthrop Public School retirees. Based on a discussion with Attorney Sacco, the Board is not required to provide this information. The Board agreed due to privacy reasons not to release and asked the Retirement Coordinator to follow up with Attorney Sacco for a formal response. The next item Chairman Carberry discussed was longevity for the Retirement Coordinator. The non-union employees of the Town received longevity payments on May 25, 2021, retro to July1, 2020 for FY21. Voted on a motion by Karin Chavis, seconded by James Feely to pay the Retirement Coordinator longevity of $925 for FY21. After a roll call vote the motion passed 4-0. MACRS Conference will be held virtually on June 7" & 8". The cost of the conference is $100. Voted on a motion by Karin Chavis, seconded by James Feeley to cover the cost of the Retirement Coordinator attending. Old Business There was no old business Administrators Announcements: Superannuation Option B retiree Claire Sheltry passed away on April 21, 2021 MACRS is scheduling a virtual conference June 7"-June gt The next meeting is scheduled for June 29, 2021, at 6:00PM via Zoom, the Board agreed to hold the June meeting virtually at this time. Karin Chavis asked the Chairperson if there was a way to extend the PERAC funding schedule for another year or two to help the town with fiscal FY22. Chairman Carberry will put together some numbers for the Board to review and discuss with PERAC if we can extend. The matter will be tabled to the June meeting for further review. Voted on a motion Stacy Calla, seconded by James Feely to adjourn at 6:1 8PM, After a roll call vote the motion passed 4-0. ad a Onn Francis Carberry Karin Chavis Stacy Cajla James Feeley