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i <br />„a <br />Walter D. Hall, a member in Middlesex County, would like to buy back 3 months of creditable service. <br />He was employed in Reading for 3 months (9/23/88 to 12/30/88) before he became a member. He earned <br />$3,890.76 during those 3 months. At that time there was a request sent to Stoneham for his account to be <br />transferred to Reading. He worked in Reading for 1 year 5 months and 8 days before then transferring to <br />Middlesex County. Reading would now be responsible for 1 year 8 months and 8 days of his creditable <br />service. The board members approved the creditable service. <br />Arthur A. King will be reviewed within the next 3 months for an evaluation to determine if he is able to <br />perform the essential duties of the position from which he retired. PERAC schedules the evaluations once. <br />per year during the first two years after retirement and once every three years thereafter. <br />Phyllis Maloney would like to buy back 2 years and 9 months of creditable service while she was a <br />teacher assistant and not a member of the Reading Retirement System. The total cost is $2,316.26. She <br />submitted a check for $200.00 on June 14, 2000. She will contribute $50.00 per paycheck. She is <br />planning to retire in June 2001 with 10 years of creditable service. The board members approved <br />buyback. <br />PERAC. has approved retirement re-calculations for 6 former Reading Municipal Light Department <br />employees. The longevity payment for 1996 and/or 1997 was not included in their regular compensation, <br />although retirement deductions were withdrawn. They will be paid the retroactive increase on July 31. <br />A transfer of $4,117.44 was received for Paul J. Vartanian from the Arlington Board on June 26, 2000. <br />PRIT Performance Summary for periods ending March 31, 2000 (all returns are net): <br />Annualized return since inception: 12.68% <br />1 Year 24.47% <br />5 Year 18.78% <br />I" Quarter 3.94% <br />TOTAL ASSETS: $63,188,606.27 <br />The August meeting will be on August 30, 2000 at 7:30 A.M.. <br />Meeting adjourned 8:10 A, M. <br />Present: Boissoneau, Foley, Klepeis, Seferian, Veno and Martin. <br />Henry J.:, issoneau, 1" elected <br />x?, D 12 /;0 --j-" /I , <br />Richard P. Foley, Ex Officlo <br />Eliz~p W. Klepeis, 1 <br />R. Ve~no, 2" elected <br />/ <br />1 f . 1 n - <br />Daniel B. Seferian, 2 <br />