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Richard Stansfield RMLD 9/1/12 <br />30 years, 2 mths <br />(Superannuation) Annuity: <br />$ 9,501.48 <br />Pension: <br />$33,124.68 <br />Yearly: <br />$42,626.16 <br />Monthly: <br />$ 3,552.18 <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (5 -0 -0) UNANIMOUS <br />APPROVAL OF MISCELLANEOUS ITEMS <br />Option C <br />• FRANCIS DRISCOLL moved to approve request from eligible member to purchase prior creditable service <br />for which he received a refund. <br />Marc DiLeo Middlesex County 10/28/02 - 11/26/10 8 years, 29 days <br />The total purchase amount is $25,960.26. Middlesex County Retirement Board will accept liability for 8 <br />years, 29 days. Marc will begin payroll deductions with the November 9, 2012 pay period. <br />SECONDED BY: RICHARD FOLEY <br />VOTED: (5 -0 -0) UNANIMOUS <br />APPROVAL OF INVOICES TO BE PAID <br />• FRANCIS DRISCOLL moved to approve the following warrant #AP102012 totaling $667,088.95: <br />Commonwealth of Mass. <br />$ <br />646.05 <br />RHA Health Ins. Deductions <br />Commonwealth of Mass. <br />$ <br />1,749.40 <br />State Tax Deductions <br />Commonwealth of Mass. <br />$ <br />216.66 <br />Child Support <br />Internal Revenue Service <br />$ <br />59,201.27 <br />Federal Tax Deductions <br />Reading Credit Union <br />$ <br />33,578.00 <br />Credit Union Deductions <br />Oct. Retirement Allowances <br />$ <br />516,503.05 <br />Net Retiree Payroll <br />Town of Reading Treasurer <br />$ <br />50,867.67 <br />Hlth, Life, & Dental Ins. Deductions <br />Town of Reading <br />$ <br />170.50 <br />Postage due Town <br />Town of Reading Treasurer <br />$ <br />4,156.35 <br />October's Administrator's Salary <br />SECONDED BY: RICHARD FOLEY <br />VOTED: (5 -0 -0) UNANIMOUS <br />APPROVAL OF MISCELLANEOUS ITEMS <br />• RICHARD FOLEY moved to approve request from eligible member to purchase military service for <br />creditable service. <br />Joseph Belmonte USMC -11 4/1/77- 11/30/81 4 years <br />In February 2003, there was a change to the Military Service Credit Provision. Chapter 468 of the Acts of <br />2002 removed the ten -year creditable service requirement in order to purchase service for military service. <br />On March 28, 2003, Joseph Belmonte Jr. was notified of the change. Because he did not receive the Notice of <br />Potential to Benefits form at the time of entry into the system and the 10 -year creditable service requirement <br />