2002-05-29 Retirement Board Minutes

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The Reading Retirement Board held a meeting on MAY 29, 2002, in the Accounting and Finance Department Office, Town Hall, Reading, Massachusetts. The meeting was called to order at 6:05 P.M. Minutes from the March 27, 2002 meeting were signed by the board members. Minutes from the April 24, 2002 meeting were read and accepted. There were no new members this month. There were no retirement applications this month. Approved PERAC approved retirements Ann Tierney Option A April 30, 2002 RMLD Monthly annuity $ 475.26 Monthly pension $ 1,460.88 Monthly allowance $ 1,936.14 Annual allowance $23,233.68 Approved refunds Dorothy Ambrefe Resigned from Community Service - 3/15/02 0 years 3 months Total deductions and interest $689.37 $ 137.78 Less 100% interest $ .48 Mileage -PRIM conference Less 20% federal income taxes $137.78 $ 2,352.12 Net refund (cash) $551.11 Refunds to members (cash) Joanne Ursino Resigned from School - Ed. Asst - 3/27/02 13 years 7 months Total deductions and interest $11,834.47 Less 0% interest $ 0.00 Less 20% federal income taxes $ 2,352.12 Net refund (cash) $ 9,482.35 Susan M. Quirke Resigned from School - Ed. Asst - 6/30/95 6 years 9 months Total deductions and interest $ 3,847.83 Less 50% interest $ 261.79 Less 20% federal income taxes $ 717.21 Net refund (cash) $ 2,868.83 Reviewed and approved the following vouchers: 2002 Voucher # 26 Town of Reading Treasurer 27 Town of Reading Treasurer 28 Brookline Retirement Board 29 Dorothy Ambrefe 30 Town of Reading Treasurer 31 Henry Boissoneau 32 Joanne Ursino 33 Town of Reading Treasurer 34 Susan M. Quirke 35 Town of Reading Treasurer $403,411.21 May retiree payroll $ 2,549.69 May admin. salary $ 155.53 3(8)(c) Reimb. to other systems $ 551.11 Refunds to members (cash) $ 137.78 20% Federal taxes (D Ambrefe) $ 12.40 Mileage -PRIM conference $ 9,482.35 Refunds to members (cash) $ 2,352.12 20% Federal taxes (J Ursino) $ 2,868.83 Refunds to members (cash) $ 717.21 20% Federal taxes (S Quirke) In regards to the restoration to service of Charles Johnson, the Town has placed him on a list for the next available job within the same department for which he is qualified. He has also been notified that he will have to meet the current licensing and job requirements, which he should discuss with the Department Head. Discussed and approved Supplementary Regulations for Travel as required by PERAC. Approved estimated travel to PERAC's Educational Conference at UMass Amherst by Elizabeth Klepeis and Karen DeAngelis. Elizabeth Klepeis abstained from voting on this issue. 8 0 C