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2008-04-23 Retirement Board Minutes
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2008-04-23 Retirement Board Minutes
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• FRANCIS DRISCOLL moved to approve the following refunds of accumulated deductions: <br />Scott Orsillo Resigned 3/21/08 <br />(DPW) Total deductions & interest <br />Less 100% interest <br />Less 20% federal tax <br />Net refund (cash to member) <br />Joseph Zukas Resigned 6/25/05 <br />(Water Treatment) Total deductions & interest <br />Less 100% interest <br />Less 20% federal tax <br />Net refund (cash to member) <br />SECONDED BY: DANIEL SEFERIAN <br />VOTED: (5-0-0) UNANIMOUS <br />APPROVAL OF MISCELLANEOUS ITEMS <br />lyears, 7 months <br />$4,252.63 <br />$ 14.15 <br />$ 847.70 <br />$3,390.78 <br />1 year, 10 months <br />$6,942.07 <br />$ 99.13 <br />$1,368.59 <br />$5,474.35 <br />APPROVAL OF VOUCHERS <br />- • FRANCIS DRISCOLL moved to approve the following vouchers: <br />2008 Voucher # 34 <br />Town of Reading Treasurer <br />$5 <br />52,781.28 <br />f 35 <br />Town of Reading <br />$ <br />143.09 <br />36 <br />Law Office of Nicholas Poser <br />$ <br />288.75 <br />37 <br />The Graphics Shop, Inc. <br />$ <br />163.01 <br />38 <br />Joseph Zukas <br />$ <br />5,474.35 <br />39 <br />Scott Orsillo <br />$ <br />3,003.17 <br />40 <br />Scott Orsillo <br />$ <br />387.61 <br />41 <br />Town of Reading Treasurer <br />$ <br />2,216.29 <br />42 <br />Town of Reading Treasurer <br />$ <br />140.96 <br />43 <br />West Payment Center <br />$ <br />154.00 <br />SECONDED BY: DANIEL SEFERIAN <br />VOTED: (5-0-0) UNANIMOUS <br />April retiree payroll <br />Postage due to Town <br />Legal Serv (R. Toussaint) <br />Admin. Expense - Envelopes <br />Refund to Member <br />Refund to Member <br />Refund to Member <br />20% Federal Taxes <br />Admin. Expense -1099 forms <br />Admin. Expense - MGL Inserts <br />INFORMATION/QUESTIONS/OTHER ITEMS <br />• Ruth Stamatis, Option D beneficiary of Charles Stamatis, died March 20, 2008. <br />• Elizabeth Benninger who worked for RMLD and retired on April 5, 1977, passed away on 3/28/08. She chose <br />Option A at her retirement. <br />• Copies of the following Reading Retirement Board reports were handed out for review: <br />The PRIT fund's monthly statement & fund performance for period ending March 31, 2008. <br />• The next board meeting will be May 28, 2008 at 6:00 pm in the Lower Level Conference Room. <br />
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