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SECONDED BY: FRANCIS DRISCOLL <br />VOTED: (5-0-0) UNANIMOUS <br />• RICHARD FOLEY moved to approve the following refund of accumulated deductions: <br />Sandra Beninati Resigned 1/11/08 1 year & 11 months <br />(Clerk) Total deductions & interest $3,954.67 <br />Less 100% interest $ 9.40 <br />Less 20% federal tax 789.05 <br />Net refund (cash to member) $3,156.22 <br />SECONDED BY: FRANCIS DRISCOLL <br />VOTED: (5-0-0) UNANIMOUS <br />APPROVAL OF VOUCHERS <br />RICHARD FOLEY moved to approve the following vouchers: <br />2008 Voucher # 01 Town of Reading Treasurer <br />$5 <br />51,672.45 <br />02 Town of Reading Treasurer <br />$ <br />3,291.30 <br />03 Town of Reading <br />$ <br />238.53 <br />04 W.B. Mason <br />$ <br />15.96 <br />05 Wakefield Retirement Board <br />$ <br />5,194.59 <br />.06 Belmont Retirement Board <br />$ <br />1,890.39 <br />07 Malden Retirement Board <br />$ <br />2,431.64 <br />08 Peabody Retirement Board <br />$ <br />2,124.22 <br />09 Winchester Retirement Board <br />$ <br />23,229.13 <br />10 Worcester Retirement Board <br />$ <br />3,270.73 <br />11 Wakefield Retirement Board <br />$ <br />23,162.26 <br />12 Winchester Retirement Board <br />$ <br />233.90 <br />13 MACRS <br />$ <br />400.00 <br />14 Central Reprographics <br />$ <br />63.00 <br />15 Boston Retirement Board <br />$ <br />6,990.09 <br />16 Sandra Beninati <br />$ <br />3,156.22 <br />17 Town of Reading Treasurer <br />$ <br />789.05 <br />SECONDED BY: FRANCIS DRISCOLL <br />VOTED: (5-0-0) UNANIMOUS <br />INFORMATION/QUESTIONS/OTHER ITEMS <br />• Nomination papers were subrnitted'by Frank. Driscoll. <br />January retire payroll <br />January Administrator's Salary <br />Admin.Exp - Postage due to Town <br />Admin. Exp - Supplies <br />Section 3(8)(c) Reimbursement <br />Section 3(8)(c) Reimbursement <br />Section 3(8)(c) Reimbursement <br />Section 3(8)(c) Reimbursement <br />Section 3(8)(c) Reimbursement <br />Section 3(8)(c) Reimbursement <br />Trsf. To Other Syst.- P. Dion <br />Overpayment from Trsf.-P.Damacogno <br />Annual Dues for 2008 <br />Guide Books <br />Section 3(8)(c) Reimbursement <br />Refund to Member <br />20% Federal Taxes S. Beninati <br />1 <br />• Received memo from PERAC that COLA, which any system may grant, effective July 1, 2008 will be 3.0%. <br />The Board must make a decision whether or not to grant a COLA and notify the Commission. The <br />Administrator will notify the Town Moderator of the Board's decision. <br />• A COLA reimbursement of $115,263.59 from-the-.State for the period 7/1/07-12/31/07 was. received on <br />.12/21/07. <br />