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2005-02-23 Retirement Board Minutes
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2005-02-23 Retirement Board Minutes
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• ELIZABETH KLEPEIS moved to approve the following transfer to another system after the Board discussed <br />whether or not it could reject the request to transfer as a result of this employee withdrawing Town of <br />Reading funds that were inadvertently paid to her and unwilling to return the funds: <br />Aprile Boos To Somerville Retirement $2,308.12 10 months <br />SECONDED BY: DANIEL SEFERIAN <br />VOTED: (4 -0) UNANIMOUS <br />APPROVAL OF VOUCHERS <br />• ELIZABETH KLEPEIS moved to approve the following vouchers: <br />2005 Voucher # 17 <br />Town of Reading Treasurer <br />$468,588.62 <br />February retiree payroll <br />18 <br />Town of Reading Treasurer <br />$ 2,980.80 <br />February administrator's salary <br />19 <br />Town of Reading Treasurer <br />$ 144.03 <br />20% Fed taxes (J Whalen benefs) <br />20 <br />Andover Contrib Retirement <br />$ 52,131.47 <br />Trsf to other system (K Lynn) <br />21 <br />Stoneham Board of Retirement <br />$ 18,310.57 <br />Trsf to other system (F Golden) <br />22 <br />Barnstable County Retirement <br />$ 3,907.33 <br />Section 3(8)(c) reimb for 2004 <br />23 <br />Essex Regional Retirement <br />$ 20,870.37 <br />Section 3(8)(c) reimb for 2004 <br />24 <br />Medford Retirement Board <br />$ 1,381.66 <br />Section 3(8)(c) reimb for 2004 <br />25 <br />State Board of Retirement <br />$ 14,486.89 <br />Section 3(8)(c) reimb for 2004 <br />26 <br />Corporate Express <br />$ 53.94 <br />Supplies for election & office <br />27 <br />Postmaster Reading <br />$ 111.00 <br />Stamps for election <br />28 <br />Commonwealth of Mass <br />$ 38.00 <br />MA Public Retirement guides (25) <br />29 <br />Somerville Retirement Board <br />$ 2,308.12 <br />Trsf to other system (A Boos) <br />SECONDED BY: <br />DANIEL SEFERIAN <br />VOTED: <br />(4 -0) UNANIMOUS <br />APPROVAL OF MISCELLANEOUS ITEMS <br />ELIZABETH KLEPEIS moved to approve Stephen Murphy's request to purchase his military service for <br />creditable service for 2 years, 9 months he served in the Army during the period 9/17/85 - 6/16/88. The total <br />purchase amount is $8,528.83 and Stephen will begin payroll deductions with the March 11, 2005 pay period. <br />SECONDED BY: DANIEL SEFERIAN <br />VOTED: (4 -0) UNANIMOUS <br />• ELIZABETH KLEPEIS moved to continue using Segal Company for actuarial services. The quote submitted <br />by Segal is $14,000 fee for the July 1, 2005 actuarial valuation and $1,500 fee for the July 1, 2006 update. <br />SECONDED BY: DANIEL SEFERIAN <br />VOTED: (4 -0) UNANIMOUS <br />
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