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2 12 <br />SECONDED BY: FRANCIS DRISCOLL <br />VOTED: (4-0-0) UNANIMOUS <br />APPROVAL OF MISCELLANEOUS ITEMS <br />• THOMAS CLOUGH moved to approve a 3% COLA increase for FY2012 which begins on July 1, 2011 and <br />ends June 30, 2012 on the first $12,000 of retirement benefit, which is reflected in the July 1, 2009 actuarial <br />valuation. <br />SECONDED BY: FRANCIS DRISCOLL <br />VOTED: (4-0-0) UNANIMOUS <br />• THOMAS CLOUGH moved to approve accidental disability application for firefighter, Matthew McSheehy. <br />SECONDED BY: FRANCIS DRISCOLL <br />VOTED: (4-0-0) UNANIMOUS <br />APPROVAL OF INVOICES TO BE PAID <br />• THOMAS CLOUGH moved to approve the following warrant #AP052011 totaling $747,367.37: <br />Commonwealth of Mass. <br />$ <br />649.34 <br />RHA Health Ins. Deductions <br />Commonwealth of Mass. <br />$ <br />2,077.71 <br />State Tax Deductions <br />Commonwealth of Mass. <br />$ <br />216.66 <br />Child Support <br />Internal Revenue Service <br />$ <br />57,070.94 <br />Federal Tax Deductions <br />Reading Credit Union <br />$ <br />31,518.00 <br />Credit Union Deductions <br />May Retirement Allowances <br />$ 488,418.07 <br />Net Retiree Payroll <br />Town of Reading Treasurer <br />$ <br />51,769.88 <br />Hlth, Life, & Dental Ins. Deductions <br />Town of Reading <br />$ <br />161.59 <br />Postage due Town <br />Town of Reading Treasurer <br />$ <br />3,624.75 <br />May's Administrator's Salary <br />Melrose Retirement Board <br />$ <br />35,761.48 <br />Trsfer to Other Syst (D. Folopoulos) <br />State Retirement Board <br />$ <br />9,293.55 <br />Trsfer to Other System (W. Currie) <br />Quincy Retirement Board <br />$ <br />4,751.33 <br />Section 3(8)(c) Reimb. for 2010 <br />State Retirement Board <br />$ <br />34,197.50 <br />Section 3(8)(c) Reimb. for 2010 <br />West Payment Center <br />$ <br />168.00 <br />Admin. Expense - Ch. 32 Inserts <br />Fidelity Management Trust Company <br />$ <br />27,597.04 <br />Rollover to member - B. Modica <br />BACTES <br />$ <br />91.54 <br />Medical Expense - Medical Records <br />Matthew McSheehy <br />SECONDED BY: FRANCIS DRISCOLL <br />VOTED: (4-0-0) UNANIMOUS <br />INFORMATION/QUESTIONS/OTHER ITEMS <br />The Town of Reading website will be updated to include all board members' email as additional contacts for <br />our members. <br />• Alice Blacker, who worked for School Dept. and retired on July 31, 1996, passed away on 4/29/11. She <br />chose Option B at her retirement but there are no funds remaining. <br />0 Elsie Watson, Option C beneficiary of Ernest Watson(Non-contributory) died May 11, 2011. <br />