2002-10-23 Retirement Board Minutes

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831 The Reading Retirement Board held a meeting on OCTOBER 23, 2002, in the Accounting and Finance Department Office, Town Hall, Reading, Massachusetts. The meeting was called to order at 6:05 P.M. Robert Ripley attended this meeting. PERAC had sent the Reading Retirement Board the Medical Panel Certificates completed by the regional medical panel and Robert Ripley wanted to be present to hear the Board's vote on his application for accidental disability. The Board voted to approve Robert's application for accidental disability based upon the Medical Panel's report. Minutes from the August 28, 2002 meeting were signed by all board members. Minutes from the September 25, 2002 meeting were read and accepted by all board members. Approved PERAC approved retirements: Town of Reading Treasurer $422,812.28 Daniel Brennan RMLD 9/07/02 23 years 1 month Option A Robert Kurchian School 9/21/02 24 years 0 months Option C Phyllis Maloney School 9/28/02 24 years 6 months Option B Approved refund for Election of Benefits under G.L. c.32, § 12(2)(d): Town of Reading Treasurer $ 6,886.49 Jean E. Talbot Spouse of John Talbot who died - 8/16/02 13 years 11 months Total deductions and interest $34,432.45 Actuarial study as of 7 /1/02 Less 0% interest $ 0.00 Less 20% federal income taxes $ 6.886.49 Net refund (cash withdrawal) $27,545.96 The Board reviewed Segal Company's actuarial update as of July 1, 2002. Reviewed and approved the following vouchers 2002 Voucher # 59 Town of Reading Treasurer $422,812.28 Oct. retiree payroll 60 Town of Reading Treasurer $ 2,588.25 Oct. admin. Salary 61 Jean E. Talbot $ 27,545.96 Refund to beneficiary of record 62 Town of Reading Treasurer $ 6,886.49 20% Fed taxes -Jean Talbot 63 The Segal Company $ 1,000.00 Actuarial study as of 7 /1/02 A transfer of $8,835.59, dated 9/30/02, was received from the Saugus Retirement System for Reading Housing Authority executive director Linda Whyte. Saugus will accept liability for three years of service for the period 11/27/95- 12/4/98.. A "Notice of Hearing" was scheduled for Tuesday, October 22, 2002. On October 21, Joan Langsam heard from the magistrate at DALA that no one needs to attend this hearing. The magistrate will review the Reading Retirement Board's pre -trial motion (as the petitioner) and the Middlesex Retirement Board's Memorandum (as the respondent) sent to her by each party and give her opinion based upon that. Town Counsel, Joan Langsam, has notified the Board that she received a "Notice of Scheduled Appearance" from the Massachusetts Superior Court regarding "Tine v Contributory Retirement Appeal et al ". The Board will write a letter to Attorney Langsam giving her an overview of the case so far and give her guidance as to the direction the Board wants her to take. The Board's position is that this case is one of a jurisdictional matter. Joseph Tine's employment was terminated by the Reading Municipal Light Department as of November 8, 1996. On October 24, 1996 he requested a hearing under M.G.L. c.32, § 16(2). However, M.G.L. c.32, § 16(2) was scheduled to expire on November 7, 1996. The Board denied Joseph Tine a hearing because his termination date was after the date Section 16(2) expired. The Retirement Board received a "Notice of Deposition" and a "Deposition Subpoena" from Attorney Michael J. Princi regarding plaintiff Steven Granelli, one of our retirees. Attorney Princi wanted the complete retirement file on Steven Granelli including all documents pertaining to his retirement/disability claim. The Board Administrator responded to both Attorney Princi and Steven Granelli in accordance with PERAC's regulations CMR 840 6.09. No records will be sent by the Board Administrator until Steven Granelli has had a reasonable amount of time to seek to have the process quashed. If the process is not quashed the Board Administrator will produce a copy of the requested records as ordered by the Court and will advise the Court of the requirements of 840 CMR 6.00. The Board voted that two weeks from when the retiree received notification is a reasonable time period. They will also have the Board Administrator write a letter to Steven Granelli with a copy to Attorney Michael Princi stating that unless we receive official notification to quash this process we will release the records on November 4, 2002, pursuant to PERAC regulations 6.09.