Agenda
Winthrop Retirement Board · from the Town's website · released Mar 29, 2022 · 2 pages · 97 KB
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Winthrop Contributory Retirement System Board Meeting Meeting will be held via conference call using Zoom meeting ID: 822 4075 8400 March 29, 2022, 6:00 PM Posted Agenda Call to Order R E CEIVED Vote to approve the Retirement Board minutes for the meeting held on February 22, 2022.MAR 2 uP ESE Vote to approve the Retirement System Warrant (Payroll, Accounts Payable, Investment Hhalsfegrs) forIyfaxch 2022. ; . ; ; 4iRTHROP, MASS” Vote regarding transfer of funds, if needed, effective April 1, 2022, from PRIM to Eastern Bank to cover payroll and accounts payable for April 2022 Vote to approve Domenic DeMasi’s request to buyback late entry time from July 5, 2021 through December 7, 2021. Domenic was enrolled as a member on August 31", but due to an oversight in the payroll department deductions were not taken. In addition, Domenic would like to buyback his part time service in the Library from March 31, 2020 through June 20, 2021. This would provide Domenic an additional 10 months of creditable service. Vote to approve James Gioiosa’s request to buyback four years of military time. Vote to approve the following acceptance at 9% + 2%: [Name Title/Group Start Date Salary Joseph Kovacev DPW Laborer/1 02/28/2022 $38,046.36/full time Sean Donahue Police/4 3/14/2022 $50,936.23/full time Vote to approve the following transfers of accumulated deductions to the Mass Teachers Retirement System effective March 31, 2022: Name Winthrop’s 3(8)(c) liability: Jennifer Arena 1.0000 Tara Beuoy 1.2500 Erin Calichman 1.0000 Ashley Cimmino : 2.0000 Christina Deeb 4.8333 Darnelle Esposito 2.0000 Daria Millerick 1.0000 Marygail Murphy 8.8333 Meaghan McGhee 2.0000 Nicholas Raponi 3.1667 Vote to approve Michael Hickey’s Application for Voluntary Superannuation Option C, beneficiary Stacie Hickey, effective May 8, 2022. Michael is the Maintenance Supervisor for Winthrop Housing and has 36.5000 years of creditable service. Discuss/vote Paul Flanagan’s request to elect either Option A or Option B for his retirement. Vote to approve the 2021 Annual Statement — emailed to the Board for review on March 9, 2022 Old Business Update to Town Council on COLA increase Update Board on Pension Technology Group ESS process New Business Update to Board on PRIM cash request deadlines Administrators Announcements: Option C survivor Patricia Keough passed away on February 19, 2022 Michelle Church, Retirement Coordinator attended the PERAC Cybersecurity for Retirement Boards webinar on February 28, 2022 Michelle Church attended the PRIM Cash Transaction Processes and Procedures webinar on March 9, 2022 Statement of Financial Interest for Board members are due to PERAC by May 1, 2022 Schedule April 2022 Meeting Vote to adjourn.