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3 to <br />• JOSEPH VENO moved to approve that the Board attempt to collect the overpayment to retiree, Shirley <br />Robson, who passed away August 2, 2014. Board was notified in October that she passed away; therefore the <br />Board will request repayment from August 3 — September 30, 2014: <br />SECONDED BY: SHARON ANGSTROM <br />VOTED: (5 -0 -0) UNANIMOUS <br />• JOSEPH VENO moved to approve that the Board change from a 7/1 valuation to a 1/1 valuation as <br />recommended: <br />SECONDED BY: SHARON ANGSTROM <br />VOTED: (5 -0 -0) UNANIMOUS <br />• JOSEPH VENO moved to approve that membership for the Reading Retirement System remains at 1690 <br />hours: <br />SECONDED BY: SHARON ANGSTROM <br />VOTED: (5 -0 -0) UNANIMOUS <br />APPROVAL OF INVOICES TO BE PAID <br />• JOSEPH VENO moved to approve the following warrant #AP102014 totaling $752,258.18: <br />Commonwealth of Mass. <br />$ <br />385.69 <br />RHA Health Ins. Deductions <br />Commonwealth of Mass. <br />$ <br />1,819.63 <br />State Tax Deductions <br />Commonwealth of Mass. <br />$ <br />1,684.35 <br />Child Support <br />Internal Revenue Service <br />$ <br />67,960.46 <br />Federal Tax Deductions <br />Reading Credit Union <br />$ <br />33,883.00 <br />Credit Union Deductions <br />Oct Retirement Allowances <br />$ <br />592,835.04 <br />Net Retiree Payroll <br />Town of Reading Treasurer <br />$ <br />47,566.04 <br />Hlth, Life, & Dental Ins. Deductions <br />Town of Reading <br />$ <br />208.91 <br />Postage due Town <br />Town of Reading Treasurer <br />$ <br />5,356.58 <br />Oct Administrator's Salary & MedFICA <br />Colleen Loughlin <br />$ <br />272.38 <br />Travel Exp — 2014 Fall MACRS Conf. <br />Attorney Michael Sacco <br />$ <br />48.00 <br />Legal Exp — Memo to Board clients <br />Regarding recent decisions — dual <br />Membership & superannuation retirement <br />New England Office Supply <br />$ <br />143.10 <br />Admin Expense — Supplies <br />Calendar Press <br />$ <br />95.00 <br />Admin Expense - Envelopes <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (5 -0 -0) UNANIMOUS <br />INFORMATION /QUESTIONS /OTHER ITEMS <br />• Discussed GASB 67. Board agreed to change from a 7/1 valuation to a 1/1 valuation. <br />• Discussed Membership for the Reading Retirement Board. After review and discussion, the Board will <br />remain at 1690 hours for membership to the Reading Retirement Board. <br />• Reimbursements have been completed with the October 31, 2014 retirement payroll for members that had the <br />monetary value of the personal use of employer- supplied motor vehicle included as regular compensation. <br />