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2003-12-16 Retirement Board Minutes
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2003-12-16 Retirement Board Minutes
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871 <br />Memos & miscellaneous letters received: <br />Coalition to Preserve Retirement Security (CPRS) — CPRS invited the Reading Retirement Board to attend a <br />regional meeting with local CPRS members at Holy Cross College in Worcester on December 5. CPRS is a <br />national organization that exists to oppose the imposition of mandatory Social Security on state and local <br />government employees. They have also recently expanded to include advocacy on behalf of the reform of the <br />Government Pension Offset (GPO) provision of Social Security. <br />Marblehead Board of Retirement — The Marblehead Retirement Board is supporting legislation filed by Senator <br />McGee of Lynn which would require PERAC to review its combined table of mortality used in calculating Option <br />C benefits and updating this table from the 1928 table that is currently used. The actuarial reduction for Option C <br />for most retirees when using the 1928 table is much too large as compared to using a modem mortality table. <br />Marblehead is asking retirement boards to urge their legislators to vote in favor of this legislation. <br />Middlesex Retirement System — Middlesex sent a letter to inform retirements boards that the public hearing for <br />H3584 — An Act Relating to the Management of the Middlesex Regional Retirement System — has been <br />rescheduled to 12/11/03. They ask that retirement boards write, fax or call the Committee on Public Service <br />regarding their position, and attend the hearing if possible. <br />The next two board meetings will be January 28, 2004 and February 25, 2004. <br />Meeting adjourned at 6:50 P.M. <br />Present: Boissoneau, Foley, Klepeis, Veno, Seferian, and DeAngelis <br />Henry J. Bdirssuffeau, I�' elected <br />aid <br />Richard P. Foley, Ex Offrc o <br />a , <br />WA <br />Veno, 2' elected <br />Daniel B. <br />
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