um all three chin hang onla she goes from uh 32 to 34 why I understand that no she was on FMLA and it went from 2121 2102 2102 just
must have been um when they went out her time doesn't stop her pay does right anniversary date did she get a raise on more contractually yeah yeah it's a longevity
raise right if came no it was probably the um the contract yeah that's what I'm saying they went out before we settled the contract so it's probably what it is ready this is one I want to check okay oh
why nice I'll Now call this meeting to order I pled alance to the flag of the United States of America and to the Republic for which it stands one nation under God indivisible with liy and justice for all
thank you please note this meeting is being recorded and broadcast Live on YouTube and distributed to the various local access stations around plumouth potential free broadcast first item on the agenda minutes February 13th I'll make a motion to accept February 13 Mo
commissioner right second commissioner Hanley all in favor I make a motion to uh well this is the one that I have a question I think that you know at this point what I would like to do instead of bulking them all together that we should probably vote in the future uh individually on each one because take
individual motion I see I see the one that this one right here yeah let me just take a quick end I might and this one here is the same okay thank you sorry we'll vote for him in and right now but uh in the future I'd
like to vote for them individually in case there's any question individually uh so vote to an accept and approve CPS forms uh Elizabeth white uh Phil existing vacancy assistant Register of Deeds Megan moja uh that you're doing them individual I said next time we'll
do this in both um Phil existing vacancy uh mmhg benefit uh assistant uh jg1 15-1 Lona green Baker returned from FMLA Anita Ro roou roel roel uh returned from flma
second motion commissioner white commissioner Wright second commissioner Hanley all in favor I H motion to uh vote for S uh leave Bay uh buyback for Timothy White that's r one
okay AUD that the county of treasur pay uh Timothy H white 35 Kimble Beach Road hangam Mass 02043 the sum of uh 3,7 7755 um to be paid from the Plymouth
County FY 25 budget as said Timothy H Weiss right yeah white retired from position of first assistant Register of Deeds at the Plymouth County Register of Deeds on February 4th 2025 with $ 28375 hours uh of his sick leave credit
the amount of sick Le buyback is 20% of 56.75 hours at the rate of compensation of $54 and uh 23 cents per hour second motion commissioner right second commissioner Hanley all in favor I I
vote to accept and approve vender vouchers Mr chairman motion commissioner Hanley second second commissioner right all in favor I vote to accept and approved payroll vouches motion commissioner Handley second second commissioner right all in favor I motion to accept and approve pay roll
vouches I think commission chairman pursuant to the terms and conditions of the American Rescue plan act the Plymouth County Commission is Grant dispersement of funds held and administered through the Plymouth County Opa program as follows payment to CB Inc and the amount of
$3,950 for administrative support Second motion commissioner Handley second commissioner right all in favor I extension director is not here uh register is not here treasurers report Mr O'Brien thank you chair just two bits of news for you you
seem disappointed when I didn't give a treasure last time thank you I just handed you your Plymouth County opab trust report for the period of January 2025 uh for the county of Plymouth our participation in peut uh is one of the
things that we should be extremely proud of I want you to note uh one month you earned $67,000 and4 $7,499 your total end balance at the end of the month over a very short period of time is
2,727 18914 you have made remarkable strides in fully funding this effort uh you're to be commended uh for continuing to fund it I am hoping in the next budget we continue to fund at the same rate uh
so that we can uh look forward to the same level of progress I will also Point your eyes down to the bottom investment return and for the oneyear ending 131 2025 we had a 15.57% return which once again puts us
in the top percentile uh for that as a frame of reference during that same time period the Commonwealth of Massachusetts burned a little under 10% so um once again uh this opep trust is doing exceedingly well but only in performance
not only in low fees but in administrative oversight and helping our member units we're up to 34 member units as we continue to get the news out I just expect that to continue to grow any questions about that because I did have one other I do have a question Mr
chairman for you uh Tom we earlier had a conversation about the Retirement Board and its assets and the advice that you receive from your actuaries on um future investments in you had indicated to me that they were going to go more
conservative when it comes to um Pars in OPB uh the Plymouth County opep trust do they allow the members there to make that decision much the way the um the Retirement Board would make that
decision the shorter answer is yes okay there's a longer answer if you want I think it's instructor for the Commissioners to know that one of the Innovations of the program we created is there are four investment opportunities through got there's uh income balanced
growth and aggressive growth we're in growth in fact every member but one is in growth uh that is predominantly a 7030 think 70% Equity 30% fixed it's really where you should be um the only member that isn't is a member that's
fully funded because they only have one employee and that employee retired I would suggest this one of the things we cannot do and shouldn't do is be Market timers I do believe there's some frothiness on the horizon in the marketplace but we are at early stages
with the pouth county op trust that we and I would be advising all of our members stay the course it's tempting particular to see some of these Challengers on the horizon to say we should pivot into perhaps the balance which would be a more 6040 55 45 the
challenge with that is I can almost assure anyone watching and Us in this room that we would pick the wrong back uh and so the best thing to do is stay the course in fact what I might suggest if we do have a significant downturn in US equities of 25 to 30% I actually
would suggest at that point we consider going into the aggressive growth portfolio that's we as the county not the US indivual this is just us individually but every member has that same opportunity and same decision making that they they can make we what I
really like about the county trust and I hope you folks remember this that we meet with our member units t a year so our administrative team predominantly Parts in US Bank but I go if asked meet with the treasurer and with the plan
administrators to talk about this uh if you're with other groups they meet when you want them to um I will say if you invest with the state have to beg them to come to a meeting but we insist on these meetings on a regular basis so that we can do a little bit of handholding and discussion about a
Marketplace that be be a bit B is the the advice given to both boards consistent with one another or are you getting two different opinions on the forecast of the future here with the when you say both boards you re it's the same similar yes we're not
funded enough at retirement though we're a lot closer uh to really change that rubric um these are long-term prived Investments and what we constantly get reminded of is that market timing or Market pivots are changing your
allocation is never a good idea if you're Investing For thank you anything else I had one other thing sorry second thing I did want to report I can publicly report now because the steering committee voted on it um the town of situ has been approved by the
steering committee to join the May m Health Group uh The Advisory Board vote will be on March 16th I think commissioner W is still the appoint to YouTu commissioner Val sorry about that that's okay unless she wants it you received notice of that meeting I think and please have that because that's
voting we'll also be voting the weit um and then secondly upper Cape Tech uh received a favorable vote by the studing committee to join I can also tell you that there are four groups that have asked to join the timing doesn't work they get in by the beginning of the fiscal year we're already looking to to
perhaps bring them in into the next year I will also remind the Commissioners that these groups have to pay in to join because we have a a very stable trust fund and they're gleaning the benefit of that that's why we have a a cost join which they're recognizing is is significantly valuable particular over
the next three to five years did you just restate up aape is um recommended yes recommended by the student committee okay and then whether they execute is a matter for them to decide no they've already requested and they've already made their decision and taken their vote yeah the only the last trle is the
general Advisory board so the general Advisory Board is one member of each of the member units uh two-thirds of the members have to be in attendance and two-thirds of those members have to vote to approve to authorize them to come in uh it's a system of checks and balances that has
worked out well um I encourage you if you're either suffering from insomnia or want to refresher I do this all the time is go on our website at www.m.org look on the overview which get updated each other regularly it gives a really
good look at what the Bas mpal Heth is about and what makes us better I think and different from other groups um I think I made this comment at the previous meeting um that there were nine joint for groups in the Commonwealth we're down to seven I do believe we'll be down to probably a handful in a year
or two and maybe only one or two here's the good news I do believe Mayflower is the strongest and we will certainly be able to uh weather the challenges that are coming over the next period of time um so that's a credit and you know we some of us had had
conversations earlier the value add to is the employees of the county that work down there that's another part of our secret sauce they know this business inside and out they are a reference point for all of us and our members and really are a huge value add to the
operation so we're very lucky to have them they do a great job and you just uh signed a CPS form because we are having the mbers come on we had to make that stuff a little bit more robust okay other a question sure uh treasure
O'Brien the ending balance as of uh 13125 what should that figure look like or what are we uh looking towards any yeah so you're ahead of the curve I will tell you when you adopted the P County opep trust don't forget you created the
opep Trust on January 15 2015 but we weren't able to fund until 2017 when you began to fund in 2017 so8 years ago we expected that you'd have about 800 or 900,000 in the trust why is it so much more two reasons
one you've had opportunities to add funds along the way um from onetime monies which has been great and your rate return has been pretty remarkable so you've been growing this uh exponentially which is exactly what you want to do when you're investing the power of compounding right compounding
is is great so you are way ahead of where you expected to be that being said we still have a long way way to go the liability is 32 million so we'll get there eventually but uh you've made great strides and I constantly remind
folks that are sometimes um challenged by having to invest in opep from our communities and not our members but outside members that say well how are we ever going to do this well your budgets are 50 60 70 million budg is million and
in that short period of time they've been able to grow to 7 million people are shocked at that that's because of your fiscal Prudence good decision making along the way which pays off another question sure is that figure
um just for for Plymouth County so each town has their own figure right uh yeah everyone that invests with us has their own Silo so better than figure they have their Silo their Investments but they're pulled and so what they get are economies of scale lower fees better
returns uh and so that's been the real value at and it's amazing when our towns get these reports they have to do a double take um because these returns are so good and I will say we have one or two members that had suggested they would
commit more and they look at this and probably regret that they didn't um because the time who have invested was years ago right you first joined um you know we have we have a member that had expected to to put four times what they
put in and that would have compounded significantly to their better that being said because of your your commitment even though we're one of the smaller groups I think we're fifth in terms of funding of the members of pup so doing great guns but the two that have
benefited the most and I can say this publicly because it returns are quiny college in the city of Rond they were early adopters they adopted big they've more than doubled their contributions in that shorter period of time which is which is great and what I
really like about the city of wouth is they have a pretty robust finance department they come down and review this twice a year uh and they were always been asking we better put more into this and we're pleased because one
of the counselors from the city of has is on our investment committee so some assets under management currently total assets under management are now over 50 million wow yeah I mean when I when I look at if you want to talk about
success stories this is just one of the better ones when we started in 2015 it was just us to give Carver andam the credit they were the first ones to come in in June uh which was which was fantastic um but we thought 20 you know
20 25 10 years later maybe we'd have 10 in maybe we'd be at if all went well 7 to10 million in assets of man but we're at at 35 with $50 million that's in growing so it's it's really been uh it's
amazing it's a it's a great story to tell of course we try to tell the news and they don't really care because it's good news but um it's a David and go story David wins again similar to what you just reported with Mayflower Municipal Health we have people begging
to get in now and you know I see the same pathway for opep you know it just the performance speaks for itself and for anyone who's not in the system they should we should really send out a newsletter or some sort of uh
information that we can then potentially I know MMA just went by but at the same time maybe always be closing we and you had made that suggestion we took we send out um Flyers reference there I like that we
sent out fers quarterly uh it's amazing to get a lot of clicks the challenge is the decision makers busy with other things it's not as sexy as we wish it were you know they they some of them are now dealing with debt exclusions and overrides and thinking about how they fund OPB is toward the bottom of their
list that being said it's a it's a great story to tell we tell it wherever we can in Word of Mouth is our best seller uh because people are are hearing about us but we had a presentation with a town that wants to get in but you know the treasure wasn't available the assistant treasure wasn't available the Selman
weren't available and so you know we'll get there eventually but it takes it's hard because I had the pleasure of dealing with you folks and you were able to make decisions pretty quickly gets frustrating when some of these communities have a harder time making those decisions uh in a Nimble fashion
question through Miss Chim one last one so Tom we go out and we present Opa still and with respect to getting on an agenda of the uh town that isn't in uh our program would it be could we ask for an opportunity to do an oped
presentation cuz when pretty when you see this information this data it sells itself yes so there's a does that sense I want to take a more jovial Approach at first because some of us and I was in this were challenged to go to
our home communities and convince that join and we made presentations and only one of us was successful in getting their home Community to join and that would be commissioner Wright that's right um and so we do that regularly and I love the idea but it just doesn't work because there are ultimately not the
decision makers um and the decision maker tends to be the treasurer uh and the assistant Treasurer the finance committees what I would like to do though uh if it's okay with the board is perhaps have um pars and usbank come and
present to you folks um I I think you'd love to hear the story again Dennis does a great job uh in talking about uh what we've done um sometimes it gets a little bit in the weeds uh but that's up to you I'd love to have them come in and talk
about it from the investment side yeah I mean that's fine we broadcast throughout the county now folks could see that and I think it sounds like we need to send commission a right to all of our communities that aren't using our services so she can get others on board in my defense the one
Community I approach actually voted for it it's still on their books but the individual that gets a decision has decided not yet to I came in a distant second now which Community am I going to be tasked with your hometown of yes yes I will say though that's not fair
because they're already in their retirement system right special legislation and they're actually doing quite well it's the one the one place that that thought ahead and is is where they need to be um would it be okay then because you have your meetings out that I would ask if they could come into an
April or a May meeting I know problem with that and is it okay if I choose whichever one is available and ask them then notify they can put it on the agenda yeah absolutely that's fine would that be I'm sorry through you of course yeah would it be beneficial to have other towns come in here too um I don't
do that individually um I think this is just an opportunity for you to say be amazed but to ask your questions and to become even better Advocates than you already are um because you'll be able to talk about the details of it and the
presentation that was made they're very sophisticated we couldn't have chosen better partner in your timeline Tom you mentioned April and May we just received notice from the administrator that we've scheduled two meetings of our electeds and um managers
administrators is is that something that might jive with that time frame or is it not no I was going to talk about this at the next meeting with Commissioners my recommendation to the Commissioners is that the two topics of those meetings the uh mih and fund management we need
the support of the towns on our mih program right been working diligently on that we have some ideas that we need to present to them and perhaps get their input and support and pond management we've been working over the last year to develop a program uh you folks authorize
me to talk to the council about creating anou or an Mo MOA council's working on that and I'd like to be able to present that at those meetings and have some serious discussions because if the towns don't join in then we're not going to do it because it's just not going to be sustainable well the other ones that
asked for it so to date you've done a great job but we've learned that just because they asked doesn't mean they're ready to accept so we've created a pretty we've had a number of meetings we've got what we think is a very good rubric for them to review uh we've had some conversations with managers and
with um conservation agents I'm excited about it I I think it's great uh Frank and Nancy and the team uh over in the commissioner's office have been extremely supportive uh talking about how this would work if we can get it to go but those meetings it's going to take all of our Collective abilities to
stated the towns you've asked for this here's what we need but you've got to step it up and and we don't think the ask is unreasonable um and I'd be presenting that at the next commissioner meeting so you guys can have an oversight before the meeting but that wasn't on my agenda for tonight thank
you great couple other questions if I may how many TS do we have in this in which in the um oped in oped 34 and it's not just Town not just Plymouth County well and not just County it's governmental entities right so
upper Tech yeah for instance we have a fire district we actually have a regional transfer District um and so um actually no I'm sorry that's but they're not just CS however in a good reminder I think by the chair we authorize Bristol
clth nor and barall County governmental enes to join and we have representation all four in fact there was one point although I think we've overcome that we had more in nor that we did from count um and that was largely because wayth
came in and head success and started cting um the other success we had was with the city of adoro um and they've been a good reference point because people look at there which like how are you doing that so we picked up a few of smaller
personal cing communities because of that and the other question I had is I know we had talked about it in the past or I'd mentioned in the past with wouldn't this be I mean I I know some of the um treasurers or town managers they get it they see the value of it but
wouldn't it be worth us to when we go out and present the checks that we you know do a little blip of you know what this is about and why they should be in it yeah and I think that's what commissioner Hanley was suggesting we can I think what we found at those check presentations and you recommend from
wrong you guys have been there is they're excited about that opportunity and want to talk about that and I don't want to distract from you know the the projects that were done in the town the opportunity for us to commend them for their participation and success I think
we begin to talk about this at the same time it it detracts from that and I don't think we'll have the focus on this yeah um I much rather try and do other presentations and event if we have G out I'm more than willing if you folks uh have a a particular community that you
want to do this in or have a suggestion will'll go out but we we try to rotate around um what I found and we've been doing this now for 10 years is R of Mal is the best right if one Treasurer has a conversation with another Treasurer about the success not only the success
investment wise but we take on the administrative which's great and I'll tell you as a Treasurer here and being pretty overworked we get the chance to say when an auditor calls I found this is one organization I can pick up and say hey I need you to respond to all
these a questions and it boom it's and it's done in 48 hours just really impressive right very good thank you any other questions no all right I will entertain
a motion to adj motion so moved second commission right second commission all in favor all thank you