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6 37 <br />Reviewed and approved Vouchers <br />Voucher #1999 59 <br />Town of Reading Treasurer <br />$345,790.80 <br />60 <br />Town of Reading Treasurer <br />$2,841.19 <br />61 <br />Transfer to other systems <br />$27,593.47 <br />62 <br />Make-up payment refund <br />$18.45 <br />63 <br />Putnam-Rollover <br />$90.94 <br />64 <br />Administrative Expense <br />$89.00 <br />65 <br />FMR Corp-Rollover <br />$1,795.54 <br />Payroll (gross) <br />Staff payroll <br />Isbell <br />Adams <br />seminar <br />LaFleur <br />Barbara Sullivan, ex-wife of Charles Darby, has requested the name of the Option B beneficiary <br />that Charles has chosen. Her request was in writing and included her divorce decree. The Public <br />Records Division has advised us that this information is not public and it should not be released. <br />Reviewed CRAB's decision on the Motion for Reconsideration, which affirms the Reading <br />Contributory Retirement Board's "dismissal of Appellant's appeal of his termination pursuant to <br />G.L.c.32, 16(2)..". <br />Reviewed list of members who work part time and members who work less than 52 weeks a <br />year. A corrected list will be presented at the next board meeting, so that the board can establish <br />Supplementary Regulations regarding membership, creditable service and buybacks. <br />Discussed list of retirees to whom an annual affidavit is to go out to in September. The list was <br />passed around so the board members could identify any retiree they have seen or talked to <br />recently. <br />Reviewed letter from Paul Todisco, which addressed the Board's concerns regarding real estate <br />investments. The board decided to have Paul Todisco and George Wilson, from PRIM, attend <br />the September board meeting. <br />Reviewed PRIM Board Quarterly Review. As of 6/30/99 <br />Reading Profile: Net Annualized Return Since Inception 1100% <br />Net Return One Year 12.36% <br />Net Return Five Years 16.75% <br />Net Return Calendar Year to Date 9.22% <br />Net Return Second Quarter 6.45% <br />Total Assets $53,403,663.52 <br />Board voted to allow for the expenditure of up to $1,250.00 for the bonding of the retirement <br />board for $500,000.00 with Hastings-Tapely. <br />Report on meetings attended: <br />Rosamond Cotter, Retirement Administrator, attended PERAC's "Pension Legal Issues 8r <br />Investment Overview" on August 24, 1999. <br />