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2014-04-22 Retirement Board Minutes
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2014-04-22 Retirement Board Minutes
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RICHARD FOLEY moved to approve the following retirement application: <br />Peter Garchinsky Lieutenant 4/23/14 37 years, 4 mths <br />(Police) <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (4 -0 -0) UNANIMOUS <br />• RICHARD FOLEY moved to approve the following refund of accumulated deductions: <br />Kimberly Wyman Resigned 5/6/11 <br />(RMLD) Total deductions & interest <br />Less Forfeited Interest <br />Net refund (rollover) <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (4 -0 -0) UNANIMOUS <br />APPROVAL OF MISCELLANEOUS ITEMS <br />• Approve or deny Lisa Palermo's "Application for Disability Retirement." <br />1 year, 10 days <br />$ 4,760.07 <br />$ 138.64 <br />$ 4,621.43 <br />1362 <br />The Reading Retirement Board received from PERAC the Medical Panel Certificate & report by the regional <br />medical panel for Lisa Palermo. The next step is for the Board to approve or deny Lisa's application and, if <br />approved, send to PERAC for their approval. <br />RICHARD FOLEY moved to approve request from Board Administrator to attend the MACRS 2014 Spring <br />Conference being held June 1 — June 4, 2014 in Hyannis, MA. <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (4 -0 -0) UNANIMOUS <br />• RICHARD FOLEY moved to approve to vote on May 27, 2014 a COLA increase for FY 2015, which begins <br />on July 1, 2014 and ends June 30, 2015. It is limited to a maximum amount of 3% of $12,000: <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (4 -0 -0) UNANIMOUS <br />APPROVAL OF INVOICES TO BE PAID <br />RICHARD FOLEY moved to approve the following warrant #AP042014 totaling $838,082.40: <br />Commonwealth of Mass. <br />$ <br />509.08 <br />RHA Health Ins. Deductions <br />Commonwealth of Mass. <br />$ <br />1,604.63 <br />State Tax Deductions <br />Commonwealth of Mass. <br />$ <br />2,051.30 <br />Child Support <br />Internal Revenue Service <br />$ <br />64,192.08 <br />Federal Tax Deductions <br />Reading Credit Union <br />$ <br />38,567.00 <br />Credit Union Deductions <br />April Retirement Allowances <br />$ <br />568,540.81 <br />Net Retiree Payroll <br />Town of Reading Treasurer <br />$ <br />45,867.02 <br />Hlth, Life, & Dental Ins. Deductions <br />Town of Reading <br />$ <br />190.68 <br />Postage due Town <br />Town of Reading Treasurer <br />$ <br />5,173.54 <br />Apr Administrator's Salary & MedF1CA <br />Law Offices of Attorney M. Sacco <br />$ <br />72.00 <br />Legal Services <br />
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