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2011-08-23 Retirement Board Minutes
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2011-08-23 Retirement Board Minutes
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12224 <br />MINUTES OF THE READING RETIREMENT BOARD MEETING <br />Tuesday, August 23, 2011 <br />The Reading Retirement Board held a 'regular session meeting on August 23, 2011, in The Lower Level <br />Conference Room, Town Hall, Reading, Massachusetts. <br />The meeting was called to order at 6:00 P.M. by Chairman Joseph Veno in the presence of members Richard <br />Foley, Francis Driscoll, Thomas Clough, and Board Administrator, Colleen Loughlin. Gail LaPointe was not able <br />to attend. <br />MINUTES <br />• Regular session minutes for the June 21, 2011 meeting were signed by all board members, except Francis <br />Driscoll who was not present. <br />• FRANCIS DRISCOLL moved to accept the July 26, 2011 regular session minutes as written. <br />SECONDED BY: RICHARD FOLEY <br />VOTED: (4 -0 -0) <br />APPROVAL OF NEW MEMBERS, RETIREMENTS, TRANSFERS AND REFUNDS <br />• FRANCIS DRISCOLL moved to approve the following new members: <br />Lizandro Mendoza Computer Technician Date of hire — 11/22/10 9%+2% <br />(School) Date of Membership — 7/1/11 <br />(Possibly Eligible for BB) <br />Sandra Calandrella Director of Comm. Ed Date of hire & membership — 7/25/11 9%+2% <br />(School) <br />SECONDED BY: RICHARD FOLEY <br />VOTED: (4 -0 -0) UNANIMOUS <br />• FRANCIS DRISCOLL moved to approve the following retirement application: <br />Loretta Beaird Clerk 9/2/11 10 years, 10 mths Option B <br />(Superannuation) <br />SECONDED BY: RICHARD FOLEY <br />VOTED: (4 -0 -0) UNANIMOUS <br />• FRANCIS DRISCOLL moved to approve the final calculations for the following retirements approved by <br />PERAC: <br />Deirdre Ahearn RMLD 4/30/11 <br />32 years, 4 mths Option B <br />(Superannuation) Annuity: <br />$10,332.84 <br />Pension: <br />$51,018.00 <br />Yearly: <br />$61,350.84 <br />Monthly: <br />$ 5,1 12.57 <br />
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