Agenda

Winthrop Retirement Board · from the Town's website · released Apr 29, 2025 · 2 pages · 136 KB
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Winthrop Contributory Retirement System Board Meeting
1 Metcalf Square, Winthrop, Massachusetts, Harvey Hearing Room
April 29, 2025, 4:00 PM
Posted Agenda

Call to Order
Roll Call

Vote to approve the meeting minutes from March 18, 2025, meeting.

Vote to approve the executive session minutes from March 18, 2025.
Vote to approve the Eastern Bank Statement and Reconciliation for March 2025 in the amount of $1,297,412.14.
Vote to approve the Retirement System Warrant (Payroll, Accounts Payable, Investment transfers) for April 30, 2025

Vote to approve the Trial Balance, Cash Receipts, Cash Disbursements, General Ledger, and Adjustments for January 2025,
February 2025 and March 2025.

Vote regarding transfer of funds, if needed, effective May 1, 2025, from PRIM to Eastern Bank to cover payroll and accounts
payable for May 2025.

Vote to approve the acceptance of Edlyn Dos Santos, effective March 31, 2025, at 9% + 2%, $42,088.13. Edlyn isa
Laborer for the DPW.

Vote to approve the acceptance of Justin Shaponick, effective April 8, 2025, at 9% + 2%, $9.156.80, pro-rated. Justin is a
custodian with Winthrop Schools.

Vote to approve the acceptance of Alana Locke, effective April 22, 2025, at 9% + 2%, $39,000.00. Alana is a Library Assistant.

Vote to approve Joan Pena’s request to buyback his reserve employment with Winthrop Police prior to entering the Winthrop
Retirement System as a full-time police officer on December 15, 2024. Once payment is received in full, he shall be awarded
3 years and 10 months of creditable service. Payment options are available, and interest will accrue on the unpaid balance.

Vote to approve Lori Uminski’s request to buyback the time she was employed by the Town prior to entering the Winthrop
Retirement System: 9/17/2019-4/11/2021, 11 months of service. Her service time is as follows:

Year #of hours worked/creditable service __ Salary

2019 287.00 (1 month creditable service) $5.898.96

2020 1,152.50 (7 months creditable service) $24,716.01

2021 459.00 (3 months creditable service) $9,434.20

Payment options are available, and interest will accrue on the unpaid balance.

Vote to approve Lori Uminski’s request to buyback the time she was employed by the City of Chelsea. Lori was employed from
9/19/1994 to 6/16/2000 and took a refund of her deductions on 4/30/2021. Her creditable service time in Chelsea was 5.6667

years.
Payment options are available, and the interest will accrue on the unpaid balance.

Vote to approve the following transfers of accumulated deductions to the MA Teachers’ Retirement System effective 4/30/2025:

Name Dates of Service Winthrop’s 3(8)(c) liability
Courtney McSwiney 11/9/2022-9/1 8/2023 0.8333 years
Jason Osburn 9/28/2015-10/07/2020 5.0000 years
Ryan Skoczylas 9/18/2023-1 1/27/2023 0.1667 years
Katherine Teixeira 8/30/202 1-6/30/2022 1.0000 years
Jeannette Maher 2/14/2000-9/14/2002 2.5833 years

Vote to approve the transfer of Generoso Epifania’s total accumulated deductions effective April 30, 2025, to the
MWRA Employee’s Retirement Board. Dates of service: 9/16/2019-2/10/2023. Winthrop’s 3(8)(c) liability is 3.3333 years.

Vote to approve the rollover of Audrey Inkiarto’s total accumulated deductions effective April 30, 2025, to Empower Retirement.
Audrey was an ESP for Winthrop Schools. Dates of service 10/12/2021-06/30/2022.

Vote to approve the refund of Jennifer Gullotti’s total accumulated deductions effective April 30, 2025. Jennifer was an ESP for
Winthrop Schools. Dates of service 9/1/2010-9/3/2012.

Vote to approve the refund of Jean DeAngelis’ total accumulated deductions effective April 30, 2025. Jean was a secretary for
Winthrop Schools. Dates of service 2/2/2000-6/1/2001.

Vote to approve the refund of Joseph Kovacev’s total accumulated deductions effective April 30, 2025. Joseph was employed by
the DPW. Dates of service 2/28/2022- 12/21/2022.

Vote to approve the refund of Joseph Clemens’ total accumulated deductions effective April 30, 2025. Joseph was employed by
the DPW. Dates of service 10/2/2023-1/27/2025.

Vote to approve 1.5000 months of creditable service that the Winthrop Retirement Board will accept upon full payment by

Eleanor Lundy to the Weymouth Retirement Board. Eleanor had taken a full refund of her accumulated deductions. She worked
for the school department from 7/21/2014- 1/22/2016.

Vote to approve any Board member and the Retirement Coordinator to attend the MACRS Spring Seminar and Conference at the
Emerald Resort & Conference Center in Hyannis, June Ist-June 4",

Vote to approve the 2024 Annual Statement of the Winthrop Retirement Board — emailed to Board members on April 14, 2025.
New Business

Old Business

Administrators Announcements:

The next meeting is tentatively scheduled for May 27, 2025, at 4:00 PM

Vote to adjourn,