Agenda packet
Winthrop Retirement Board · from the Town's website · released Jul 27, 2021 · 3 pages · 135 KB
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Agenda 07-27-21_RETIREMENT_BOARD.PDF Meeting Materials MEETING.RETIREMENT.7-27-21.PDF 1. Documents: 2. Documents: Winthrop Contributory Retirement System Board Meeting Meeting will be held via conference call using Zoom meeting ID: 896 7506 0405 July 27, 2021, 6:00 PM Posted Agenda Call to Order RE CEI VED Vote to approve the Retirement Board minutes for the meeting held on June 29,2021. 2 gut 2 2 AGE S5 Vote to approve the Retirement System Warrant (Payroll, Accounts Payable, Investment transfers) for July2021." Vote regarding transfer of funds, if needed, effective August 1, 2021, from PRIM to Rastern Bank to cover payroll and accounts payable for July 2021 Update the election for the 3" and 4" seat of the Winthrop Retirement Board for the term commencing September 22, 2021, through September 21, 2024. If not more than one person submits nomination papers for each seat, vote to declare Election by Declaration : Vote to approve the following acceptances at 9% + 2%: Name Title/Group Start Date Salary Brian Perrin Jr. Police Officer/4 6/6/2021 $50,936.23/full time James Morgan DPW/1 7/6/2021 $38,046.36/ full time Kory Silck DPW/i 1/6/2021 $38,046.36/full time Michael Aiello DPW/1 7/12/2021 $38,046.36/full time Wendy Millar-Page Solid Waster Manager/1 7/12/2021 $62,977.79/full time Vote to approve the following transfers effective July 30, 2021 Name Receiving Board 3(8)(c) liability Maryann Shepard Mass Teachers Retirement 9.9167 years Daniel Bertrand Saugus Retirement 0.3333 years Anna Freedman Salem Retirement 2.4167 years New Business Old Business The Board may discuss/vote the Retirement Coordinator’s COLA payment effective July 1, 2021 Discuss/vote extending PERAC funding for FY23 Administrators Announcements: 3% Cost of Living Adjustment (COLA) is reflected in the Retirees/Survivors allowances this month PERAC Memo #19/2021 3"4 Quarter Board Member Training was emailed to the Board on July 12, 2021 PERAC 2020 Investment Report emailed to Board members Schedule August 2021 Meeting Vote to adjourn. Winthrop Contributory Retirement System Board Meeting Meeting will be held via conference call using Zoom meeting ID: 896 7506 0405 July 27, 2021, 6:00 PM Posted Agenda Call to Order Vote to approve the Retirement Board minutes for the meeting held on June 29,2021. Vote to approve the Retirement System Warrant (Payroll, Accounts Payable, Investment transfers) for July2021. Vote regarding transfer of funds, if needed, effective August 1, 2021, from PRIM to Eastern Bank to cover payroll and accounts payable for July 2021 Update the election for the 3 rd and 4 th seat of the Winthrop Retirement Board for the term commencing September 22, 2021, through September 21, 2024. If not more than one person submits nomination papers for each seat, vote to declare Election by Declaration Vote to approve the following acceptances at 9% + 2%: Name Title/Group Start Date Salary Brian Perrin Jr. Police Officer/4 6/6/2021 $50,936.23/full time James Morgan DPW/1 7/6/2021 $38,046.36/ full time Kory Silck DPW/1 7/6/2021 $38,046.36/full time Michael Aiello DPW/1 7/12/2021 $38,046.36/full time Wendy Millar-Page Solid Waster Manager/1 7/12/2021 $62,977.79/full time Vote to approve the following transfers effective July 30, 2021 Name Receiving Board 3(8)(c) liability Maryann Shepard Mass Teachers Retirement 9.9167 years Daniel Bertrand Saugus Retirement 0.3333 years Anna Freedman Salem Retirement 2.4167 years New Business Old Business The Board may discuss/vote the Retirement Coordinator’s COLA payment effective July 1, 2021 Discuss/vote extending PERAC funding for FY23 Administrators Announcements : 3% Cost of Living Adjustment (COLA) is reflected in the Retirees/Survivors allowances this month PERAC Memo #19/2021 3 rd Quarter Board Member Training was emailed to the Board on July 12, 2021 PERAC 2020 Investment Report emailed to Board members Schedule August 2021 Meeting Vote to adjourn.