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1999-12-15 Retirement Board Minutes
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1999-12-15 Retirement Board Minutes
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The `Proposed Supplementary Regulations' was sent to PERAC for approval on November 25, <br />1999. <br />Stephen Kazanjian, of the RMLD, informed me on December 7, 1999 that Richard Murch was <br />paid $33,360 for work performed after his retirement. He retired on January 8, 1999. He was <br />paid $23,360 for consulting work performed January through April 1999 and $10,000 in <br />September for a software program he wrote. His earnings from re-employment, in any calendar <br />year, when added to his retirement allowance, were not greater than the salary currently being <br />paid for the position from which he retired. The current salary for this position is $95,000 and <br />his pension and re-employment earnings were $92,200. <br />PERAC's internal nurse case manager has determined that Dennis Farrell is unable to perform <br />the essential duties of his job. <br />`Thank You' letters to Bradley Jones, Paul Casey and Robert Tisei were signed by the board <br />members. <br />On December 8, 1999 Barbara Phillips sent a letter to the Board acknowledging receipt our <br />request for an opinion from PERAC regarding group classification. They are analyzing this <br />matter and a written response will be forwarded as soon as they have completed a review of all <br />pertinent facts and statutes. <br />Approved PERAC authorized retirement calculations: <br />Elaine Margossian <br />Option A <br />Annuity <br />1,983.60 <br />Pension <br />5,277.24 <br />Yearly <br />7,260.84 <br />Monthly <br />605.07 <br />Joseph LaMonica 12(2)(d) survivor benefit (he remarried on June 12, 1999) <br />Annuity <br />468.48 <br />Pension <br />394.68 <br />Yearly <br />881.16 <br />Monthly <br />73.43 <br />Approved refunds: <br />Susan Pymm <br />rollover $619.28 <br />Approved new membership for: <br />Thomas Roberto Dispatcher 9% <br />
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