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The Reading Retirement Board held a meeting on MARCH 27, 2002, in the Accounting and Finance Department Office, <br />Town Hall, Reading, Massachusetts. The meeting was called to order at 6:00 P.M. <br />Minutes from the January 23, 2002 meeting were signed by the board members. <br />Minutes from the February 20, 2002 meeting were read and accepted. <br />Approved new membership: <br />Susan Perry - Facilities Coordinator 10/08/01 <br />Linda Polcari Firefighter 01/18/02 <br />John Dempsey School -Bldg Maint & Lunch 02/01/02 <br />Michael Pontone DPW- Highway 02/19/02 <br />Approved retirement applications: <br />Ann Tierney RMLD 4/30/2002 22 years 7 months <br />Approved PERAC approved retirements: <br />Eileen O'Malley Option B <br />Monthly annuity <br />Monthly pension <br />Monthly allowance <br />Annual allowance <br />Phillip Cail <br />Carolyn Martino <br />David Bishop <br />Paul Peoples <br />Approved refunds: <br />Option A <br />Monthly annuity <br />Monthly pension <br />Monthly allowance <br />Annual allowance <br />Option A <br />Monthly annuity <br />Monthly pension <br />Monthly allowance <br />Annual allowance <br />Option A <br />Monthly annuity <br />Monthly pension <br />Monthly allowance <br />Annual allowance <br />Option B <br />Monthly annuity <br />Monthly pension <br />Monthly allowance <br />Annual allowance <br />Darryl Young Resigned 1 /l1 /02 <br />Total deductions and interest <br />Less 100% interest <br />Less 20% Federal income taxes <br />Net Refund <br />9%+2% <br />9%+2% <br />9%+2% <br />9%+2% <br />Option A <br />February 7, 2002 Library <br />$ 74.73 <br />$ 220.37 <br />$ 295.10 <br />$ 3,541.20 <br />February 8, 2002 RMLD <br />$ 480.06 <br />$ 3,791.40 <br />$ 4,271.46 <br />$51,257.52 <br />February 11, 2002 <br />$ 138.52 <br />$ 491.83 <br />$ 630.35 <br />$ 7,564.20 <br />March 8, 2002 <br />$ 468.80 <br />$ 2,590.21 <br />$ 3,059.01 <br />$36,708.12 <br />March 9, 2002 <br />$ 379.50 <br />$ 3,147.48 <br />$ 3,526.98 <br />$42,323.76 <br />1 year 7 months <br />$3,701.97 <br />$ 37.41 <br />$ 732.91 <br />$2,931.65 <br />Clerk's Office <br />Fire Dept. <br />Police Dept. <br />PERAC is hosting a Public Pension Institute for Retirement Board Members and Administrators at the University of <br />Massachusetts, Amherst Campus from July 28 to July 31, 2002. Attendance by Board member, Elizabeth Klepeis, and <br />Board Administrator, Karen DeAngelis was approved by the Board, with Elizabeth Klepeis abstaining from the vote. The <br />cost for the Institute is $150 per person and a one -night stay at the Campus Center Hotel is $70 per person. <br />