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1 2 59 <br />• RICHARD FOLEY moved to deny Section 48 of Chapter 176 of the Acts of 2011 for equity reasons. Section <br />48 adds a new section, G.L. c. 32, § 90131/2, that creates a local option that will establish a $15,000 minimum <br />retirement allowance for retirees who had been granted in excess of 25 years of creditable service. <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (4 -1 -0) <br />OPPOSED: FRANCIS DRISCOLL <br />• RICHARD FOLEY moved to approve to waive the overpayments for James Rich in the amount of $12.38 a <br />month from November 22, 2010 through June 30, 2012 in accordance with G.L. c. 32, § 20(5)(c)(3): <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (5 -0 -0) UNANIMOUS <br />• RICHARD FOLEY moved to approve request from eligible member to purchase prior non - membership <br />service for creditable service: <br />George Zambouras • Reading 1/1/72- 12/31/74 1 year, 6 months <br />The total purchase amount is $2,286.73. George will begin payroll deductions with the June 8, 2012 pay <br />period. <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (5 -0 -0) UNANIMOUS <br />APPROVAL OF INVOICES TO BE PAID <br />RICHARD FOLEY moved to approve the following warrant #AP052012 totaling $737,97076 <br />Commonwealth of Mass. <br />$ 628.89 <br />RHA Health Ins. Deductions <br />Commonwealth of Mass. <br />$ 1,882.60 <br />State Tax Deductions <br />Commonwealth of Mass. <br />$ 216.66 <br />Child Support <br />Internal Revenue Service <br />$ 58,613.71 <br />Federal Tax Deductions <br />Reading Credit Union <br />$ 31,708.00 <br />Credit Union Deductions <br />April Retirement Allowances <br />$ 502,553.28 <br />Net Retiree Payroll <br />Town of Reading Treasurer <br />$ 50,691.57 <br />Hlth, Life, & Dental Ins. Deductions <br />Cape Codder Resort & Spa * <br />$ 201.98 <br />Travel Expense — MACRS Conference <br />Essex Reg. Retirement Board <br />$ 55,568.26 <br />Section 3(8)(c) Reimbursement for 2011 <br />Marblehead Retirement Board <br />$ 18,947.59 <br />Transfer to Other Systems — J. Sullivan <br />Maureen Hanifan <br />$ 63.72 <br />Ref. to Member - overcharged buyback <br />Medical Record Associates, LLC <br />$ 61.38 <br />Medical Records— W. Van Horn <br />State Retirement Board <br />$ 12,968.67 <br />Transfer to Other Systems — A. Visconti <br />Town of Reading <br />$ 166.80 <br />Postage due to Town of Reading <br />Town of Reading Treasurer <br />$ 3,697.65 <br />May's Administrator's Salary <br />* Voided check #2523 dated 4/30/12 for $288.92 Cape Codder Resort & Spa <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (5 -0 -0) UNANIMOUS <br />INFORMATION/OUESTIONS /OTHER ITEMS <br />