Agenda
Winthrop Retirement Board · from the Town's website · released Oct 25, 2022 · 2 pages · 599 KB
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Winthrop Contributory Retirement System Board Meeting 1 Metcalf Square, Winthrop, Massachusetts, Harvey Hearing Room October 25, 2022 4:00 PM Posted Agenda Call to Order Presentation by Laura Strickland from PRIM R ECE | VE D Vote to approve the Retirement Board minutes for the meeting held on August 30, 2022. 1022 OCT 2 OPS 3 CLERK _ MASS, Vote to approve the transfer of funds for Carmine Bordonaro to the MWRA Retirement Board effective October 31, 2022. Winthrop’s 3(8)(c) liability is 4.7500 years. Vote to approve the Retirement Board minutes for the meeting held on September 27, 2022. Vote to approve the transfer of RETRO funds for Monica Ford to the Everett Retirement System effective October 31, 2022. Vote to approve the Retirement System Warrant (Payroll, Accounts Payable, Investment transfers) for October 2022. Vote to approve the Trial Balance, Cash Receipts, Cash Disbursements and Adjustments for August 2022 Vote to approve the Eastern Bank Statement and Reconciliation for August and September 2022 Discuss/Vote regarding the transfer of funds from Eastern Bank to PRIT of appropriation money received effective November 1, 2022 Vote to approve the following acceptances at 9% + 2%: Name Title/Group Start Date Salary Zoraida Murray Community Resource/1 8/8/2022 $ 45,500.00/full time Virginia Pittman School Nurse/1 8/28/2022 $ 60,507.00/full time Brendan Carritte Treasurer/1 8/29/2022 $110,000.00/full time Imani Combs Deputy Treasurer/1 8/29/2022 $78,000.00/full time Andrea Rodriguez School ESP& Office Aid/1 8/29/2022 $ 27,134.12/full time Danielle Navarro School ESP/1 8/30/2022 $27,134.00/full time Robin Fowle School ESP/1 8/30/2022 $19,437.00/full time Norina Schirripa School Nurse/1 8/30/2022 $50,115.00/full time Eve Sennott School caf/1 10/12/2022 $13.50/per hour/full time Brenton Crusinberry _ Firefighter/4 9/27/2022 $54,636.90/full time Kelli Conway School payroll/1 9/26/2022 $44,783.00/full time Susan DaSilva School ESP/1 9/30/2022 $22,712.97/full time/pro-rated Nancy Banfield School Physical Therapist/1 10/3/2022 7 $37,800.00/full time Laura Opincaru School ESP/1 10/3/2022 $19,853.19/full time/pro-rated Marc Ferullo Firefighter/EMT/4 10/16/2022 $57,606.15/full time Michael Moro Firefighter/4 10/16/2022 $54,636.29/full time Vote to approve John Nalen’s Application for Voluntary Superannuation Option C, beneficiary Janet Nalen, effective November 23, 2022. John is employed by the DPW and has 10.0000 years of creditable service. Vote to approve Nikolas Beshere’s request to buyback the time he was employed by Winthrop Public Schools prior to entering the Winthrop Retirement System: January 15, 2014-July 20, 2022, 1.0833 years of service. His service time is as follows: Year #of hours worked/creditable service __ Salary 2014-2016 earned less than $5,000 each year not eligible 2017 449,25 (2 months creditable service) $5,242.25 2018-2020 earned less than $5,000 each year _not eligible 2021 630.00 (4 months creditable service) $17,347.50 2022 910.00 (7 months creditable service) $27,733.50 Payment options are available and interest will accrue on the unpaid balance. Old Business Discuss DALA letter on Ralph Cali 91(b) overearnings Notice received from PERAC denying stipend paid to Kathleen Rappa as regular compensation Discuss/vote COLA base increase letter from President of Mass Retirees New Business Discuss/vote Section 91A excess earnings collection issue on John Hayes Vote to waive repayment of benefit payments of retirees per Chapter 32 Section 20(5)(b)(3) Administrators Announcements: Option B retiree Marilyn Kaplan passed away on September 4, 2022 Option A retiree Grace Corbett passed away on October 4, 2022 PERAC Memo #24/2022 Mandatory Board Training — 4" Quarter was emailed to the Board on September 27, 2022 Auditors have been back on site completing the audit of the Winthrop Retirement System Michelle Church attended the MACRS Fall Conference in Springfield, October 3-5" Retiree and survivor affidavits will be mailed by October 31, 2022 Schedule November 2022 Meeting Vote to adjourn.