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2006-02-22 Retirement Board Minutes
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2006-02-22 Retirement Board Minutes
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MINUTES OF THE READING RETIREMENT BOARD MEETING <br />Wednesday, February 22, 2006 <br />The Reading Retirement Board held a regular session meeting on February 22, 2006, in the Accounting and <br />Finance 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, and Board Administrator, Colleen Loughlin. Board member Daniel <br />Seferian was not able to attend. <br />MINUTES <br />• Regular session minutes for the December 14, 2005 meeting were signed by all board members who were <br />present except for Elizabeth Klepeis who is no longer on the board. <br />• RICHARD FOLEY moved to accept the January 25, 2006 regular session minutes as written. <br />SECONDED BY: GAIL LAPOINTE <br />VOTED: (4-0-0) <br />APPROVAL OF NEW MEMBERS, RETIREMENTS, TRANSFERS AND REFUNDS <br />• FRANCIS DRISCOLL moved to approve the following new member: <br />Joseph Huggins School <br />(Director of Facilities) <br />SECONDED BY: RICHARD FOLEY <br />VOTED: (4-0-0) UNANIMOUS <br />Date of hire & membership 1/30/06 9%+2% <br />Funds to be transferred from Melrose <br />• FRANCIS DRISCOLL moved to approve the following refunds: <br />Doreen Bolnick <br />(Library) <br />Resigned 8/8/03 <br />Total Deductions & interest <br />Less 50% interest <br />Net refund (rollover to IRA) <br />8 years, 1 month <br />$13,034.01 <br />$ 2,309.39 <br />$10,724.62 <br />Vanessa Stolar <br />(School - Admin) <br />Resigned 9/16/05 <br />Total Deductions & interest <br />Less 100% interest <br />Net refund (rollover to IRA) <br />Daniel E. Bornstein Resigned 9/14/05 <br />(Inspections Div) Total Deductions & Interest <br />Less 100% interest <br />Less 20% federal "income tax <br />Net refund (cash) <br />SECONDED BY: RICHARD FOLEY <br />VOTED: (4-0-0) UNANIMOUS <br />8 months <br />$2,559.30 <br />$ 15.26 <br />$2,544.04 <br />2 years, 5 months <br />$8,794.80 <br />$ 51.68 <br />$1,748.62 <br />$6,994.50 <br />
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