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MINUTES OF THE READING RETIREMENT BOARD MEETING <br /> Wednesday December 18,2019 <br /> The Reading Retirement Board held a regular session meeting on December 18, 2019 in The Conference <br /> Room at 2 Haven Street, Unit 307, Reading, Massachusetts. <br /> The meeting was called to order at 9:30 A.M. by Chairman Thomas Clough in the presence of members <br /> Carol Roberts, David Gentile, Joseph Coughlin, Board Administrator Colleen Loughlin, Asst Board <br /> Administrator Elaine Kelly and Town Treasurer Endri Kume. Sharon Angstrom was unable to attend. <br /> MINUTES <br /> • Minutes from the October 22, 2019 regular session were signed by all board members, except <br /> Thomas Clough who was unable to attend. <br /> • CAROL ROBERTS moved to accept the minutes from the November 26, 2019 regular session. <br /> SECONDED BY: JOSEPH COUGHLIN <br /> VOTED: (3-0-1) ABSTAINED: DAVID GENTILE <br /> APPROVAL OF NEW MEMBERS RETIREMENTS, TRANSFERS, AND REFUNDS <br /> • CAROL ROBERTS moved to approve the final calculation for the following retirement approved by <br /> PERAC: <br /> Maureen Hanifan RMLD 09/22/19 25 yrs, 7 mths Option B <br /> (Superannuation) Yearly: $ 53,177.64 <br /> Monthly: $ 4,431.47 <br /> SECONDED BY: JOSEPH COUGHLIN <br /> VOTED: (4-0-0) UNANIMOUS <br /> • CAROL ROBERTS moved to approve the following refund of accumulated deductions: <br /> Daniel Holmberg Terminated 4/22/19 3 yrs, 9 mths <br /> (RMLD) Total deductions&interest $ 12,744.26 <br /> Less 20% Federal Taxes $ 2,548.85 <br /> Net refund (Cash) $ 10,195.41 <br /> SECONDED BY: JOSEPH COUGHLIN - <br /> VOTED: (4-0-0) UNANIMOUS <br />