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936 <br />APPROVAL OF NEW MEMBERS RETIREMENTS. TRANSFERS AND REFUNDS <br />• DANIEL SEFERIAN moved to approve the following superannuation retirement application: <br />Elizabeth Klepeis Finance Director Retiring 6/24/05 Creditable service of 29 years, 0 months <br />SECONDED BY: FRANCIS DRISCOLL <br />VOTED: (4 -0 -1) ABSTAINED: ELIZABETH KLEPEIS <br />ELIZABETH KLEPEIS moved to approve the following new members: <br />Permilyn Dudley Collector's Date of hire 5/31/05 Deduction rate 9% + 2% <br />James D'Entremont DPW- Engineering Date of hire 6/13/05 Deduction rate 9 %+ 2% <br />(took refund from Reading in Jan 2002) <br />SECONDED BY: DANIEL SEFERIAN <br />VOTED: (5 -0) UNANIMOUS <br />APPROVAL OF MISCELLANEOUS ITEMS <br />Barbara Hickey has requested to redeposit funds that were refunded to her by the Mass Teachers' Retirement <br />Board in February 1969. Upon proper repayment to the Reading Retirement Board, the Mass Teachers' <br />Retirement Board will accept liability for 7 years and 4 months of creditable service. The cost to redeposit is <br />$11,974.71. <br />Mrs. Hickey will make a lump -sum payment. The bulk of her payment will be a rollover from a retirement <br />account and the remainder will be a personal check. Mrs. Hickey had applied for a retirement date of June 24, <br />2005 but she will delay her retirement date until the Retirement Board receives the checks. <br />• RICHARD FOLEY moved to approve the redeposit of funds by Barbara Hickey that were refunded to her by <br />Mass Teachers' Retirement Board in February 1969. <br />SECONDED BY: ELIZABETH KLEPEIS <br />VOTED: (5 -0) UNANIMOUS <br />James D'Entremont, a rehired employee, has requested to redeposit funds that were refunded to him by the <br />Reading Retirement Board on April 30, 2002. The cost to buyback 6 years and 1 month of creditable service is <br />$13,423.30. Mr. D'Entremont will have deductions taken from his bi- weekly paycheck in the amount of $103.26, <br />which will result in his balance being paid off in about five years. He will begin payroll deductions with the July <br />1, 2005 pay period. <br />• ELIZABETH KLEPEIS moved to approve the redeposit of funds by James D'Entremont that were refunded <br />to him by the Reading Retirement Board on April 30, 2002. <br />SECONDED BY: DANIEL SEFERIAN <br />VOTED: (5 -0) UNANIMOUS <br />