RET 9-26-24 BEVERLY CONTRIBUTORY RETIREMENT BOAR®
MEETING MINUTES
September 26, 2024 6:OOPM
The Beverly Retirement Board held an in-person meeting at 275 Rantoul Street, as well as a
teleconference meeting through meet.google.com/bvs-yecp-ops Dial in (US) +1 929-277-6253 PIN: 865
057 958#on Thursday, September 261h 2024. Individuals present were Carol Augulewicz,Adam Travinski,
Colleen Loughlin, Meaghan McLaughlin, Chris Wallace and Paul Wallace from Bay State Pension
Solutions. Participating remotely, Bryant Ayles, Kevin Smith, and D.Wesley Slate Jr.
The Meeting was called to order at 6:05 R M.
Bay State Pension Solutions presentation on software. Chris and.Paul presented the slides which are
attached.
Chris and Paul Wallace left the meeting at 6:37 PM.
The Board discussed their thoughts on the presentation. It was decided that the.Board would not be
converting to Bay State at this time.
The Board discussed PTG software and running the payroll in house.The Director will reach out to PTG to
see if they can temporarily give us access to payroll so a true mock payroll can be posted, and reports/
files can be sent to HR and Treasurer as an example.Colleen informed the.Board that she would be
sending the file for the bank securely through a shared drive folder.
OPEB Update: None
A Motion was made by Bryant and Seconded by Adam to approve the Minutes of the August 29t"Meeting
as read. On a roll call vote, Bryant-Yes, Carol-Yes, Kevin-Abstained Wes-Yes,Adam-Yes.Vote 4-0 in
favor:
A Motion was made by Adam and Seconded by Wes to approve the Superannuation Retirement of Kelly
Daly-Paraprofessional-DOR: 09/21/24-Option B. Gail Carmody-Administrative Assistant for
Recreation-DOR: 09/28/24--Option A. On a roll call vote, Bryant-Yes, Carol Yes, Kevin-Yes,Wes-Yes,
Adam-Yes.Vote 5-0 in favor.
A Motion was made by Adam and Seconded by Wes to approve the refund of Steven pieroni-Custodian-
4years 3 months -$21,449.87. On a roll call vote, Bryant Yes, Carol-Yes, Kevin-Yes,Wes -Yes,Adam-
Yes.Vote 5-0 in favor.
A Motion was made by Adam and Seconded by Wes to approve the Rollover of Jody Brean--
Paraprofessional--6 years and 11 months creditable service-$43,115.16 to JP Morgan. On a roll call
vote, Bryant-Yes, Carol-Yes, Kevin Yes,Wes_Yes,Adam-Yes.Vote 5-0 in favor.
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.September 26, 2024 PAGE TWO
A Motion was made by Adam and Seconded by Wes to approve the Transfers of Irina Boulnova- 1 month
of service-$294.64 to Newburyport.Jillian Clark- Para-4 yrs.1 mo creditable service to MTRS. Allison
Edwards-Para-9 months creditable service-$2,102.92 to Milton, Joshua Richardson-Custodian 5 years
11 months-$22,082.70 to Swampscott. Debra. Roy-extra deductions-$31.8.42. Luis Cardone-extra
deductions-$331,68. On a. roll call vote, Bryant-Yes, Carol-Yes, Kevin-Yes,Wes --Yes,Adam-Yes.Vote 5-0
in favor,
A Motion was made by Kevin and Seconded by Adam to approve the following new members to the
Beverly Retirement System. On a roll call vote, Bryant-Yes, Carol-Yes; Kevin-Yes,Wes-Yes,Adam-Yes.
Vote 5-.0 in favor.
Amanda Stefanik-8128/24-Para-9%
Matt McAniff--8/28/24-Para-9%
Meralis Rogers-8/28/24-Para-9o/a.
Douglas Fortado-8/28/24-Para-9a/o
Victoria Guarino-8/28/24--Speech Therapist-9%+ 2%
Marika MamiUo-8/28/24-Para-9%
Jill Jakle-8/28/24-Para-9%
Gina Papandrea-8/28/24-Para-9%
Emlyn Marcinkowski--8/28/24-Para-9%
Abigail Czwakiel-08/28/24-Speech Therapist-9% +2%
Grace Trefry-.08/28/24-Para-9a/o
Meaghan Rafter--08/28/24-Para-9a/o
Julia Jefferson-08/28/24-Para-9fl/o
Cynthia Gebhardt-08/28/24--Para-9a/o
Nicholas Morrissey--08/24/24--Custodian-9%+2%
Isabella Clark--08/28/24-Para-9%
Brennan Cameron-08/28/24-Para-9°/a
Erin Lally--08/28/24--Para--0%
Owen Fisher--08/28/24-Para-9%
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September 26,2024 PAGE THREE
Jennifer Garofa to 08/28/24-Para-9%
Hayley PaWno-Biraielli-08/28/24-Para-9%
Kia Khaleghpour-08/28/24-Para-9%
Luc Marcus-08/28/24-Para-9%
Pavlina Bettanti-08/28/24.-Para--9%
Marina White-08/28/24-Para-9%
Kyle Stiscia-08/28/24-Para-9p/n
Janzel De La Cruz-08/26/24-School Clerk-9%}2%
Tyler Hatch-09/16/24-DPW Mechanic-9%+2%
Ina Rossman.-08/28/24-Para--9%
Tessa Botswick-09/09/24-Speech Therapist--9%+2%
Janet Valcourt-09/16/24 BHA-9% +2%
The notice of death of Dolores Gray was acknowledged.
A Motion was made by Adam and Seconded by Kevin to,approve the Financial information containingTrial.
Balances, Cash Receipts, Cashbisbursements,Adjusting Journal Entries, Cash Reconciliations, and
Bank Statements for June 2024(REVISED).and Juty 2024. On a roll call vote, Qryant-Yes, Carol-Yes,
Kevin-Yes,Wes-Yes,Adam-Yes.Vote 5-0 in favor.
A Motion was made by Adam and Seconded by Wes to approve Septembers Warrants which consisted of
the A warrant in the amount of$1,625.00,the staff satary B Warrant of$15,732.68,the Monthly A/P and
Retiree Warrant of$1,434,242.75, and the Refund Warrant of$21,449,87. On a roil call vote, Bryant-Yes,
Carol-Yes, Kevin-Yes,Wes-Yes,Adam-Yes.Vote 5-0 in favor.
Old Business:The Board discussed the funding schedules. Bryant states that he would be inclined to.
maintain the current funding schedule. Carol concurred with Bryant. Kevin also agreed to stick to the
current funding schedule rather than the more aggressive alternative which would increase the
appropriation by 6%. A Motion was made by Bryant and.Seconded by Adam to adopt the Alternative 1
Funding Schedule. On a roll call vote, Bryant-Yes, Carol-Yes,.Kevin-Yes,Wes Yes,Adam-Yes. Vote 5-0 in
favor.
New Business:General office updates.
Budget 2025 and performance reviews Bryant stated that the Board needs the staff evaluations and
performance reviews so compensation numbers can accurately go on the Budget for 2025. Carol asked
that Colleen and Meaghan get this information out to the Board within the next week to give the Board
time to review it before the October Meeting.
The following Distributed items were reviewed and discussed: PERAC Memo#24/2024--Beverly
Valuation Results-Bay State Pension Solutions letter-PTG Migrating to new production servers on
September 7.
The next Meeting wilt be held on Wednesday October.23rd at 4:00 PM.
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September 26,2024 PAGE FOUR
As there was no further business to come before the Board the Meeting was adjourned at 7:15 PM on a
Motion made by Adam and Seconded by Wes. On a roll call vote, Bryant-Yes, Corot-Yes, Kevin Yes,Wes=
Yes,Adam-Yes;Vote 5-0,in favor.
Respectfully submi led,
VI _
Meaghan McLaughlin
X
Bryant Ayles
Chairman,Appointed Member
X f
Carol Auqulewicz
Ex-Off lcio
t
Kevin Smith
Elected Member
D.Weslevsl teJr. .
Elected Mem er
AdamTravinski
Fifth Member
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