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1215 <br />Joel Trimble Cemetery Date of hire — 6/13/10 9%+2% <br />(DPW) Date of Membership — 5/30/11 <br />(Seasonal — Eligible for BB) <br />Ann Visconti Secretary Date of hire — 12/16/96 9%+2% <br />(School) Date of Membership — 7/1/11 <br />(Possibly eligible for BB) <br />SECONDED BY: GAIL LAPOINTE <br />VOTED: (3 -0 -0) UNANIMOUS <br />• RICHARD FOLEY moved to approve the following retirement application: <br />William Connors Finance - IT 7/1/11 25 years, 10 mths Option C <br />(Superannuation) <br />SECONDED BY: GAIL LAPOINTE <br />VOTED: (3 -0 -0) UNANIMOUS <br />• RICHARD FOLEY moved to approve the following transfer of funds to other system: <br />Larry Ramdin To Salem Retirement Board <br />(Community Service) <br />SECONDED BY: GAIL LAPOINTE <br />VOTED: (3 -0 -0) UNANIMOUS <br />APPROVAL OF MISCELLANEOUS ITEMS <br />$63,668.21 11 years, 7 months <br />• RICHARD FOLEY moved to approve to change the bank for retiree payroll & the fee of approximately $750 <br />that PTG will charge to implement the change. <br />SECONDED BY: GAIL LAPOINTE <br />VOTED: (3 -0 -0) UNANIMOUS <br />INFORMATION /QUESTIONS /OTHER ITEMS <br />• Retiree Paul Sheridan received a "Notification of Termination" from PERAC for failure to file his 2010 <br />Annual Statement of Earned Income. The Board Administrator sent a letter to Mr. Sheridan regarding this <br />issue. <br />• The Board Administrator attended the MACRS Training and Spring Conference in Hyannis, MA. Some <br />topics that were discussed: RFP's, QDROS, board attendance, and the State Retirement System is developing <br />anew system for other boards to use to transfer funds. <br />• Rosemary Cross, who worked for Finance Dept. and retired on March 5, 1998, passed away on 6/9/11. She <br />chose Option A at her retirement. <br />• Received letter from Alliant Insurance Services inquiring if Reading Retirement Board would like to be <br />included in the Fiduciary and Fidelity Insurance Program. Reading Retirement Board has a bond with Cabot <br />Risk Strategies LLC with a $500,000 limit; $100,000 Blanket plus the Excess $400,000 for each board <br />member which expires August 2012. <br />