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MINUTES OF THE READING RETIREMENT BOARD MEETING <br />Wednesday, March 29, 2006 <br />The Reading Retirement Board held a regular session meeting on March 29,2006, 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 Francis <br />Driscoll, Gail LaPointe, Richard Foley, Daniel Seferian, and Board Administrator, Colleen Loughlin, and Michael <br />Reardon, Senior Client Services Officer from the PRIM Board. <br />Michael Reardon attended this meeting to discuss the performance of the funds in PRIT. <br />MINUTES <br />Regular session minutes for the January 25, 2006 meeting were signed by all board members. <br />• FRANCIS DRISCOLL moved to accept the February 22, 2006 regular session minutes as written. <br />SECONDED BY: RICHARD FOLEY <br />VOTED: (4-0-1) ABSTAINED: DANIEL SEFERIAN <br />APPROVAL OF NEW MEMBERS, RETIREMENTS, TRANSFERS AND REFUNDS <br />• FRANCIS DRISCOLL moved to approve the following new members: <br />Brian McAdams RMLD - Troubleman Date of hire & membership 3/13/06 9%+2% <br />(Troubleman) Funds to be transferred from Peabody <br />Patricia Shields School - Administrative Date of hire 6/14/94 9%t-2% <br />Date of membership 3/27/06, <br />SECONDED BY: RICHARD FOLEY <br />VOTED: (5-0-0) UNANIMOUS <br />The following new members were tabled until the date of hire have been reviewed: <br />Christine Agnone <br />Kristen Stasiak <br />Corey Santasky <br />Police-Patrolman <br />Police-Patrolman <br />Police-Patrolman <br />• FRANCIS DRISCOLL moved to approve an Option B refund for Francis McDonald: <br />Beneficiary of deceased retiree Sally McDonald <br />Annuity balance remaining $29,763.92 <br />Less 0% federal taxes $ 0.00 <br />Net Option B refund (rollover to IRA) $29,763.92 <br />SECONDED BY: RICHARD FOLEY <br />VOTED: (5-0-0) UNANIMOUS <br />