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2021-06-23 Retirement Board Minutes - Special Session
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2021-06-23 Retirement Board Minutes - Special Session
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1874 "- <br />MINUTES OF THE READING RETIREMENT BOARD MEETING <br />Wednesday June 23, 2021 <br />The Reading Retirement Board held a special session meeting on lune 23, 2021 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 David Gentile with board members Sharon <br />Angstrom, Carol Roberts, Joseph Coughlin, John Halsey, Board Administrator Colleen Loughlin, <br />Assistant Board Administrator Elaine Kelly and Linda Boumival from KMS Actuaries. <br />APPROVAL OF MISCELLANEOUS ITEMS <br />• SHARON ANGSTROM moved to approve a 3% COLA increase for FY 2022. This begins on July <br />1, 2021 and ends June 30, 2022, which is reflected in July 1, 2019 actuarial valuation. It is limited to <br />a maximum amount of 3% of $14,000. <br />SECONDED BY: CAROL ROBERTS <br />VOTED: (5-0-0) UNANIMOUS <br />ADJOURNMENT <br />• SHARON ANGSTROM moved to adjourn this open session at 9:35 AM <br />SECONDED BY: CAROL ROBERTS <br />VOTED: (5-0-0) UNANIMOUS <br />airman Da <br />UA. Gentile, 1" elected <br />Jk amain M, O-A�P+yDll- <br />Sharon M. Angstrom, Ex Officio <br />
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