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2003-06-25 Retirement Board Minutes
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2003-06-25 Retirement Board Minutes
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857 <br />PERAC has approved the Reading Retirement Board's supplementary regulation regarding military credit <br />The board administrator has received a worksheet from PERAC, as provided in G.L. c. 32, § 91A, that lists disability <br />retirees who have reported earnings in an amount that may result in an adjustment to their disability retirement allowance. <br />The board administrator will complete the worksheet on or before July 3" as requested by PERAC. <br />Jessie Killam, who was a cafeteria worker and retired on June 30, 1984, passed away on 5/23/03. She chose Option A at <br />her retirement. Mrs. Killam was also receiving a survivor's allowance as a result of her husband's death in 1971. <br />First quarter 2003 review of the PRIT fund performance. <br />The board members discussed the new asset allocation plan for the PRIT fund that was received from B. Michael Reardon, <br />PRIM Senior Client Services Officer. They would like to have Mike Reardon attend the July or August board meeting to <br />address concerns that they have with this new asset allocation plan. <br />Memos received: <br />PERAC - Memo #17/2003, dated May 29, 2003 — 2003 limits under Chapter 46 of the Acts of 2002. <br />PERAC - Memo #18/2003, dated June 5, 2003 — Health Insurance Portability and Accountability Act (HIPAA). <br />PERAC - Memo #19/2003, dated June 9, 2003 — Privacy and security of boards' records, documents and <br />communications. <br />PERAC - Memo #20/2003, dated June 12, 2003 — Eligibility for membership of elected officials. <br />Retired State. County & Municipal Employees — June 5, 2003 —Local ERI/Pension funding schedule adjustment. <br />The next Board meeting will be July 23, 2003. <br />Meeting adjourned at 6:40 P.M. <br />Present: Boissoneau, Foley, Klepeis, Veno, Seferian, and DeAngelis <br />Henry J. B ' s eau, It elected <br />d <br />/Irn it /) 'y/7 <br />3 P. Foley, Ex Officig V <br />A. r . n <br />Eliza W. Klepeis, I pp( rd <br />n II <br />J ph R. Venno(, 2 elected <br />- 1) a <br />
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