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Christopher Reilly To Essex Regional Retirement $38,738.24 7 years, 0 months <br />(Planning) (4 yrs, 1 mth, 28 days - Reading) <br />SECONDED BY: FRANCIS DRISCOLL <br />VOTED: (4-0-0) UNANIMOUS <br />APPROVAL OF MISCELLANEOUS ITEMS <br />• DANIEL SEFERIAN moved to approve request from eligible member to purchase military service for <br />creditable service: <br />Joseph Donahoe USN-Navy 11/11/77-11/10/81 4 years <br />The total purchase amount is $12,318.48. Joseph will begin payroll deductions with the June 1, 2007 pay <br />period. <br />SECONDED BY: FRANCIS DRISCOLL <br />VOTED: (4-0-0) UNANIMOUS <br />APPROVAL OF VOUCHERS <br />• DANIEL SEFERIAN moved to approve the following vouchers: <br />2007 Voucher # 39 Town of Reading Treasurer <br />$ 539,349.58 May retire payroll <br />40 Town of Reading Treasurer <br />$ <br />7,829.79 Jan-May Administrator's Salary <br />41 Town of Reading <br />$ <br />139.77 Postage due to Town <br />42 Stoneham Retirement <br />$ <br />8,551.65 Transf. To Other Syst.- B.Macdonald <br />43 Essex Retirement Board <br />$ <br />38,738.24 Transf. To Other Syst.- C.Reilly <br />44 Stoneham Retirement <br />$ <br />8,499.26 Section 3(8)(c) reimb.-R.DelRossi <br />45 Carol Kowalski <br />$ <br />11.37 Reimb.to member(overpayment) <br />46 New England Office Supply <br />$ <br />72.60 Admin. Expense - supplies <br />SECONDED BY: FRANCIS DRISCOLL <br />VOTED: (4-0-0) UNANIMOUS <br />INFORMATION/QUESTIONS/OTHER ITEMS <br />• Clarified supplementary regulations regarding creditable service and sent to PERAC for approval. The <br />revised scale new regulation wording is attached. <br />• David Richards is investigating a possible buyback with the Massachusetts Port Authority Employees' <br />Retirement System for previous service worked in Reading. Reading would be accepting liability for 11 <br />years, 8 months, and 14 days of creditable service for the period 1/12/86-9/26/97. <br />• The following transfers from other systems were received for: <br />Deborah Flanders, School Admin, from Amesbury Retirement Board dated 12/29/06 in the amount of <br />$11,015.70. Amesbury, will accept liability for 3 years, 10 months of creditable service for the period <br />1/24/03-11/24/06. <br />