2007-06-27 Retirement Board Minutes

Home Browse Search

• FRANCIS DRISOLL moved to approve request from eligible member to purchase prior service from the State that was previously refunded for creditable service: Patricia Sullivan State 11/2/82 - 3/31/84 1 year, 4 months, 29 days The total purchase amount is $2,419.24. Patricia Sullivan will begin payroll deductions with the July 13, 2007 pay period. SECONDED BY: DANIEL SEFERIAN VOTED: (4-0-0) UNANIMOUS • FRANCIS DRISCOLL move to approve request from eligible member to purchase prior service from Reading for creditable service: Micheal DeBenedetto Reading 4/26/93 - 11/21/93 6 months, 27 days The total purchase amount is $802.38. Michael DeBenedetto will begin payroll deductions with the July 13, 2007 pay period. SECONDED BY: DANIEL SEFERIAN VOTED: (4-0-0) UNANIMOUS APPROVAL OF VOUCHERS • FRANCIS DRISCOLL moved to approve the following vouchers: 2007 Voucher # 47 Town of Reading Treasurer $537,271.55 June retire payroll 48 Town of Reading Treasurer $ 4,905.02 June Administrator's Salary 49 Town of Reading $ 157.79 Postage due to Town 50 Carol Kowalski $ 14.22 Reimb.to member(overpayment) 51 Fred Pryor Seminars $ 128.00 Admin. Expense (Excel course) SECONDED BY: DANIEL SEFERIAN VOTED: (4-0-6) UNANIMOUS INFORMATION/QUESTIONS/OTHER ITEMS • A check was received from State Retirement Board for full payment of its Section 3(8)(c) reimbursement. All Section 3(8)(c) payments to the Reading Retirement Board have been received. All Section 3(8)(c) payments to other systems have been paid by the Reading Retirement Board, except to Middlesex. • Discussed Pension Technology's 90-day Risk Free Trial Program and there was a unanimous consensus of the Board to go forward with the trial program. • Board members provided their signatures to the Treasurer as documentation for who is authorized to sign the Reading Retirement Board's vouchers.