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2011-11-22 Retirement Board Minutes
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2011-11-22 Retirement Board Minutes
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Mary Ellen Begonis School 10/29/11 <br />(Superannuation) Annuity: <br />Pension: <br />Yearly: <br />Monthly <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (5 -0 -0) UNANIMOUS <br />APPROVAL OF MISCELLANEOUS ITEMS <br />1132 <br />26 years, 0 mths Option C <br />$ 5,860.80 <br />$17,829.72 <br />$23,690.52 <br />$ 1,974.21 <br />• FRANCIS DRISCOLL moved to approve a pay date of December 16, 2011 for the December retiree checks. <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (5 -0 -0) UNANIMOUS <br />• FRANCIS DRISCOLL moved to approve accidental death benefits to Betsey Hoyt. <br />Gerald Hoyt, who worked for the Police Dept. and retired on June 15, 1984, passed away on 10/9/11. He <br />chose Option B at his retirement. He retired on an accidental disability retirement. He retired from coronary <br />atherosclerotic heart disease, angina pectoris, and hypertension, and he died of atherosclerotic cardiovascular <br />disease and chronic lymphoid leukemia. His spouse, Betsey has applied for accidental death benefits. <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (5 -0 -0) UNANIMOUS <br />• FRANCIS DRISCOLL moved to approve the Segal actuarial report dated July 1, 2011. <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (5 -0 -0) UNANIMOUS <br />APPROVAL OF INVOICES TO BE PAID <br />FRANCIS DRISCOLL moved to approve the following warrant #AP11201 1 totaling, $645,52130 <br />Commonwealth of Mass. <br />$ <br />583.72 <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 />57,699.46 <br />Federal Tax Deductions <br />Reading Credit Union <br />$ <br />32,423.00 <br />Credit Union Deductions <br />Nov. Retirement Allowances <br />$ 495,685.90 <br />Net Retiree Payroll <br />Town of Reading Treasurer <br />$ <br />52,934.71 <br />Hlth, Life, & Dental Ins. Deductions <br />Town of Reading <br />$ <br />311.09 <br />Postage due Town <br />Town of Reading Treasurer <br />$ <br />3,697.65 <br />November's Administrator's Salary <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (5 -0 -0) UNANIMOUS <br />INFORMATION /QUESTIONS /OTHER ITEMS <br />
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