Agenda
Winthrop Retirement Board · from the Town's website · released Dec 20, 2022 · 1 page · 443 KB
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Winthrop Contributory Retirement System Board Meeting 1 Metcalf Square, Winthrop, Massachusetts, Harvey Hearing Room December 20, 2022, 4:00 PM Posted Agenda Call to Order RECEIVED Roll Call 2022 DEC 15 A ig 59 WN CLERK NTHROP, MASS. Vote to approve the Retirement Board minutes for the meeting held on November 29, 2022 Vote to approve the Retirement System Warrant (Payroll, Accounts Payable, Investment transfers) for December 2022, - Vote to approve the Trial Balance, Cash Receipts, Cash Disbursements and Adjustments for November 2022 Vote to approve the Eastern Bank Statement and Reconciliation for November 2022 Vote to approve the following acceptances at 9% + 2%: Name Title/Group Start Date Salary Frank Ferrara Library/1 11/14/2022 $42,441,81/full time Erin Kelly School ESP/1 12/8/2022 $17,368.07/full time (prorated) Jaclyn Sernavsky School ESP/1 12/5/2022 $12,816.00/full time (prorated) Michael Brown DPW/1 12/12/2022 $40,453.79/full time Vote to approve Stephen Babcock’s Application for Voluntary Superannuation Option B, effective January 23, 2023. John is employed by the DPW and has 29.4167 years of creditable service. Vote to approve Kelli Conway’s request to buyback the time she was employed by Winthrop Public Schools prior to entering the Winthrop Retirement System: January 1, 2018-September 28, 2022, 1 year and seven months of service. Her service time is as follows: Year #of hours worked/creditable service __ Salary 2018 584.50 (3 months creditable service) $8,127.50 2019 660.95 (4 months creditable service) $9,297.30 2020 593.00 (4 months creditable service) $8,302.00 2021 734.75 (4 months creditable service) $10,482.75 2022 634.00 (4 months creditable service) $9,510.00 Payment options are available and interest will accrue on the unpaid balance. Old Business Discuss DALA letter on Ralph Cali 91(b) overearnings Discuss/vote Section 91A excess earnings collection issue of John Hayes Discuss/vote COLA base increase Annual review of the Retirement Coordinator Discuss/vote ex-officio stipend of $3,000 Update on collection of Retiree Affidavits New Business Discuss/vote amendment on travel regulations regarding meal allowances Discuss/vote 840 CMR 28.00 Electronic Signatures Administrators Announcements: Superannuation Option B retiree, Rose Brown, passed away on December 1, 2022 John Nalen, Superannuation C retiree moved his retirement date from November 23, 2022 to December 2, 2022 Schedule January 2023 meeting Vote to adjourn.