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MINUTES OF THE READING RETIREMENT BOARD MEETING <br />Wednesday, JULY 26, 2006 <br />The Reading Retirement Board held a regular session meeting on June 26, 2006, in the Accounting and Finance <br />Department Office Town Hall, Reading, Massachusetts. <br />The meeting was called to order at 6:00 P.M. by Chairman Joseph Veno in the presence of members Richard <br />Foley, Francis Driscoll, and Board Administrator, Colleen Loughlin. Board members Gail LaPointe and Daniel <br />Seferian were not able to attend. <br />MINUTES <br />• Regular session minutes for the May 24, 2006 meeting were signed by all board members present. <br />• The acceptance of the June 21, 2006 regular session minutes was tabled until next month when all board <br />members would be present. <br />APPROVAL OF NEW MEMBERS RETIREMENTS TRANSFERS AND REFUNDS <br />• FRANCIS DRISCOLL moved to approve the following new members: <br />Sandra Gentile Recreation Date of hire & membership - 6/26/06 9%+20/o <br />Kim Honetschlager Finance Date of hire - 7/28/04 9%+20/(, <br />- ' Date of membership - 7/1/06 <br />Funds to be transferred from Middlesex <br />SECONDED BY: RICHARD FOLEY <br />VOTED: (3-0-0) UNANIMOUS <br />• FRANCIS DRISCOLL moved to approve the following refunds of accumulated deductions: <br />Joseph Panevino Terminated 3/14/03 14 years, 0 months <br />(DPW) Total Deductions & Interest $30,989.50 <br />Less 20% federal income tax $ 6,197.90 <br />Net refund (cash) $24,791.60 <br />SECONDED BY: RICHARD FOLEY <br />VOTED: (3-0-0) UNANIMOUS <br />• FRANCIS DRISCOLL moved to approve the following Option B refund: <br />Andrew MacDonald, beneficiary of deceased retiree Janice MacDonald: <br />Annuity balance remaining $4,976.92 <br />Less 20% federal taxes $ 967.00 <br />Net Option B refund $4,009.92 <br />SECONDED BY: RICHARD FOLEY <br />VOTED: (3-0-0) UNANIMOUS <br />