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2011-08-23 Retirement Board Minutes
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2011-08-23 Retirement Board Minutes
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1/3/2012 7:08:59 PM
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1223 <br />Frances Fink <br />(Superannuation) <br />William Connors <br />(Superannuation) <br />Conservation <br />Technology <br />SECONDED BY: RICHARD FOLEY <br />VOTED: (4 -0 -0) UNANIMOUS <br />APPROVAL OF MISCELLANEOUS ITEMS <br />7/1/11 <br />20 years, ,O mths <br />Annuity: <br />$ 5,502.00 <br />Pension: <br />$16,386.24 <br />Yearly: <br />$21,888.24 <br />Monthly: <br />$ 1,824.02 <br />7/1/11 <br />25 years, 10 mths <br />Annuity: <br />$12,293.28 <br />Pension: <br />$27,563.40 <br />Yearly: <br />$39,856.68 <br />Monthly: <br />$ 3,321.39 <br />Option A <br />Option C <br />INFORMATION /QUESTIONS /OTHER ITEMS <br />• The Board discussed the regulation to submit to PERAC for approval regarding buybacks of prior non- <br />membership service from another Commonwealth. <br />APPROVAL OF INVOICES TO BE PAID <br />• FRANCIS DRISCOLL moved to approve the following warrant #AP082011 totaling $643,917.94: <br />Commonwealth of Mass. <br />$ <br />674.69 <br />RHA Health Ins. Deductions <br />Commonwealth of Mass. <br />$ <br />1,969.11 <br />State Tax Deductions <br />Commonwealth of Mass. <br />$ <br />216.66 <br />Child Support <br />Internal Revenue Service <br />$ <br />57,585.62 <br />Federal Tax Deductions <br />Reading Credit Union <br />$ <br />32,018.00 <br />Credit Union Deductions <br />August Retirement Allowances <br />$ 494,217.74 <br />Net Retiree Payroll <br />Town of Reading Treasurer <br />$ <br />53,240.65 <br />Hlth, Life, & Dental Ins. Deductions <br />Town of Reading <br />$ <br />168.56 <br />Postage due Town <br />Town of Reading Treasurer <br />$ <br />3,734.12 <br />August's Administrator's Salary <br />Colleen Loughlin, Petty Cash <br />$ <br />92.79 <br />Admin Expense — Postage & Mailings <br />SECONDED BY: RICHARD FOLEY <br />VOTED: (4 -0 -0) UNANIMOUS <br />INFORMATION /QUESTIONS /OTHER ITEMS <br />
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