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2011-04-19 Retirement Board Minutes
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2011-04-19 Retirement Board Minutes
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• FRANCIS DRISCOLL moved to approve the following Option B refund: 12 0 8 <br />Joan Sousa, beneficiary of deceased retiree John Sousa: <br />'Annuity balance remaining $9,307.21 <br />Less 20% federal taxes $ 509.26 <br />Net Option B refund $8,797.95 <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (5-0-0) UNANIMOUS <br />APPROVAL OF MISCELLANEOUS ITEMS <br />• FRANCIS DRISCOLL moved to review, approve, and sign the Annual Statement for PERAC for calendar <br />year ended December 31, 2010. <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (5-0-0) UNANIMOUS <br />• FRANCIS DRISCOLL moved to approve request for the Board Administrator to attend the MACRS 2011 <br />Spring Conference being held June 4 - June 8, 2011 in Hyannis, MA. <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (5-0-0) UNANIMOUS <br />APPROVAL OF INVOICES TO BE PAID <br />• FRANCIS DRISCOLL move to approve the following warrant 4AP042011 totaling $729,531.91: <br />Town of Reading Treasurer <br />$ <br />45.00 <br />Additional Dental Deductions <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 />55,951.95 <br />Federal Tax Deductions <br />Reading Credit Union - <br />$ <br />30,618.00 <br />Credit Union Deductions <br />April Retirement Allowances <br />$ 486,002.87 <br />Net. Retiree Payroll <br />Town of Reading Treasurer <br />$ <br />51,907.62 <br />Hlth, Life, & Dental Ins. Deductions <br />Town of Reading <br />$ <br />170.19 <br />Postage due Town <br />Town of Reading Treasurer <br />$ <br />5,437.13 <br />April's Administrator's Salary <br />Essex Regional Retirement Board <br />$ <br />55,568.26 <br />Section 3(8)(c) Reimb. for 2010 <br />Stoneham Retirement Board <br />$ <br />18,909.93 <br />Trsfer to Other System (P. Dudley) <br />Woburn Retirement Board <br />$ <br />4,485.20 <br />Section 3(8)(c) Reimb. for 2010 <br />Boston Retirement Board <br />$ <br />7844.41 <br />Section 3(8)(c) Reimb. for 2010 <br />BACTES <br />Joan Sousa <br />Town of Reading Treasurer <br />Reading Co-Operative Bank <br />MACRS <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (5-0-0) UNANIMOUS <br />$ <br />49.43 <br />Medical Expense - Medical Records <br />$ <br />8,797.95 <br />Option B Ref-benef. of John Sousa <br />$ <br />509.26 <br />Option B Ref - 20% Federal Tax <br />(Joan Sousa) <br />$ <br />21.00 <br />Admin Expense - Checks (EFT) <br />$ <br />270.00 <br />Education & Training - Conference <br />
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