Agenda
Winthrop Retirement Board · from the Town's website · released Jan 26, 2022 · 1 page · 75 KB
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Winthrop Contributory Retirement System Board Meeting Meeting will be held via conference call using Zoom meeting ID: 817 3125 2503 January 26, 2022, 6:00 PM - Posted Agenda Call to Order R Vote to approve the Retirement Board minutes for the meeting held on December 20, 2021. - ECE] VE, D 2022 JAN Vote to approve the Retirement System Warrant (Payroll, Accounts Payable, Investment transfers) AN N2u 2bon 3: U Wy Vote regarding transfer of funds, if needed, effective February 1, 2022, from PRIM to Eastern: Bangs Repo and accounts payable for February 2022 Vote to approve the following acceptances at 9% + 2%: Name Title/Group Start Date Salary Harry Anthopoulos DPW Laborer/1 12/06/2021 $38,046.32/full time George Quilty III DPW Laborer/1 12/06/2021 $38,046.32/full time Mary Lou Osborne Library/1 1/18/2022 $37,499.28/full time Krystin Antonious School ESP/1 01/03/2022 $11,212.95/full time Lynne Novia School Cafeteria/1 01/19/2022 $14.18 per hour/full time Vote to approve Mary Lou Osborne’s request to buyback the time she was employed by the Town of Winthrop prior to entering the Winthrop Retirement System: December 17, 2014 — January 17, 2022, she was a permanent full-time employee and should have been enrolled in the Retirement System. This is equal to seven years and one month of creditable service. Payment options are available and interest will accrue on the unpaid balance. Old Business Annual review of the Retirement Coordinator Vote/Discuss to increase COLA base to $13,000 for July 1, 2022 New Business Review and vote on Actuarial Equivalent Interest Rate for correction of errors for 2022, the current interest rate is 3%. Administrators Announcements: Stephen Roche has requested to change his retirement date from January 20, 2022 (voted at December meeting) to January 27, 2022 Retirement Board received the FY2021 Annual Report of the PRIT Fund Quarter 1, Year 2022 Course Offerings were mailed to Board members on January 13, 2022 Social Security Administration has announced that the latest COLA effective July 1, 2022, is 5.9%. Pursuant to Section 103(i), effective July 1, 2022, the COLA will be 3%. 3(8)(c) bills were mailed January 12, 2022. 1099R’s were mailed January 18, 2022. Schedule February 2022 Meeting Vote to adjourn.