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2013-04-23 Retirement Board Minutes
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2013-04-23 Retirement Board Minutes
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9/24/2013 3:31:06 PM
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9/19/2013 4:38:04 PM
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1304 <br />SECONDED BY: SHARON ANGSTROM <br />VOTED: (4 -0 -0) UNANIMOUS <br />RICHARD FOLEY moved to approve final calculations for the following retirements approved by PERAC: <br />Donald Waters <br />(Superannuation) <br />Vincent Cameron, Jr <br />(Superannuation) <br />Francis Duclos <br />(Superannuation) <br />Engineering <br />RMLD <br />Police <br />SECONDED BY: SHARON ANGSTROM <br />VOTED: (4 -0 -0) UNANIMOUS <br />02/28/13 <br />Annuity: <br />Pension: <br />Yearly: <br />Monthly: <br />03/06/13 <br />Annuity: <br />Pension: <br />Yearly: <br />Monthly: <br />02/25/13 <br />Annuity: <br />Pension: <br />Yearly: <br />Monthly: <br />39 years, 8 mths <br />$ 9,161.04 <br />$ 36,675.48 <br />$ 45,675.48 <br />$ 3,806.29 <br />24 years, 9 mths <br />$ 27,114.12 <br />$ 79,994.76 <br />$107,108.88 <br />$ 8,925.74 <br />32 years, 0 mths <br />$ 13,349.04 <br />$ 58,259.76 <br />$ 71,608.80 <br />$ 5,967.40 <br />RICHARD FOLEY moved to approve application for refund of accumulated deductions: <br />Option B <br />Option A <br />Option B <br />Gregory Odin Resigned 2/22/13 .8 years, 3 mths <br />(DPW) Total deductions & interest (3% rule applied) $31,667.04 <br />Less Interest $ 0.00 <br />Less 20% federal tax $ 5,279.03 <br />Net refund (cash) $26,388.01 <br />SECONDED BY: SHARON ANGSTROM <br />VOTED: (4 -0 -0) UNANIMOUS <br />APPROVAL OF MISCELLANEOUS ITEMS <br />• RICHARD FOLEY moved to review, approve, and sign the Annual Statement for PERAC for calendar year <br />ended December 31, 2012: <br />SECONDED BY: SHARON ANGSTROM <br />VOTED: (4 -0 -0) UNANIMOUS <br />• RICHARD FOLEY moved to approve request from Board Administrator to attend the MACRS 2013 Spring <br />Conference being held June 1 — June 5, 2013 in Hyannis, MA: <br />
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