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1395 <br />Internal Revenue Service <br />$ <br />67,633.91 <br />Federal Tax Deductions <br />Reading Credit Union <br />$ <br />34,209.00 <br />Credit Union Deductions <br />Dec Retirement Allowances <br />$ <br />592,678.07 <br />Net Retiree Payroll <br />Town of Reading Treasurer <br />$ <br />47,395.80 <br />Hlth, Life, & Dental Ins. Deductions <br />Town of Reading <br />$ <br />177.59 <br />Postage due Town <br />Town of Reading Treasurer <br />$ <br />5,356.61 <br />Dec Administrator's Salary & MedFICA <br />Boston Retirement Board <br />$ <br />8,679.94 <br />Section 3(8)(c) Reimb for 2013 <br />Colleen Loughlin, Petty Cash <br />$ <br />77.60 <br />Administrative Expense - Postage <br />Attorney Michael Sacco <br />$ <br />120.00 <br />Legal Expense — Conference call on <br />pension matters <br />State Retirement Board <br />$ <br />55,269.54 <br />Section 3(8)(c) Reimb for 2013 <br />Pension Technology Group <br />$ <br />19,425.00 <br />Support & Maintenance <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (4 -0 -0) UNANIMOUS <br />INFORMATION /QUESTIONS /OTHER ITEMS <br />• Discussed position of Town /School Electrician. Member should be categorized under group 2. <br />• Review and approved letter addressed to the Board of Selectmen stating that Richard Foley is not planning to seek <br />a new term and the Board is recommending a member for the vacated seat. <br />• A transfer amount of $99,980.85 dated 11 /1 /l4 was received from Montague Retirement Board for Edward <br />Wilkins, Jr. Montague Retirement System will accept liability for 28 years and 4 months of creditable <br />service. <br />• A transfer amount of $22,394.01 dated 11/30/14 was received from Belmont, MA Contributory Retirement <br />Board for Patrick Fallon. Belmont, MA Contributory Retirement System will accept liability for 2 years, 4 <br />months, and 10 days of creditable service. <br />• Received notification from PERAC that they have received the completed 2013 Annual Statement of <br />Earnings from Perry Raffi whose name had appeared on the termination list previously sent to the Board, <br />pursuant to G. L. c. 32, § 91A. <br />• Final notices for Affidavits were mailed to all retirees. All have been received. <br />• A check was received from the following Boards for full payment of its Section 3(8)(c) reimbursement. <br />- State Retirement Board <br />• Received application from member, Brenda Wettergreen, who has elected to have retirement deductions <br />withheld beyond the age of 70. <br />• Copies of the following Reading Retirement Board reports were emailed for review: <br />The PRIT fund's monthly statement & fund performance for period ending November 30, 2014. <br />General Ledger Trial Balance as of November 30, 2014. <br />Cash Receipts, Adjustments, and Disbursements as of November 30, 2014, <br />Bank Reconciliation for the month ending November 30, 2014. <br />Reading Co -op Bank Statement for the month ending November 30, 2014. <br />MMDT Bank Statement for the month ending November 30, 2014. <br />• The next board meeting is scheduled for Tuesday, January 27, 2015 at 5:30 pm in the Lower Level <br />Conference Room. <br />