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2005-05-25 Retirement Board Minutes
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2005-05-25 Retirement Board Minutes
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932 <br />MINUTES OF THE READING RETIREMENT BOARD MEETING <br />WEDNESDAY, MAY 25, 2005 <br />The Reading Retirement Board held a regular session meeting on May 25, 2005, in the Accounting and Finance <br />Department Office, 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, and Daniel Seferian, and board administrator Karen DeAngelis. Elizabeth Klepeis was <br />not able to attend. <br />MINUTES <br />• Regular session minutes for the March 23, 2005 meeting were signed by all board members, except Francis <br />Driscoll whose term as a Board Member had not yet commenced. <br />• RICHARD FOLEY moved to accept the April 27, 2005 and May 10, 2005 regular sessions minutes as <br />written. <br />SECONDED BY: DANIEL SEFERIAN <br />VOTED: (4 -0) UNANIMOUS <br />APPROVAL OF NEW MEMBERS, RETIREMENTS, AND REFUNDS <br />• RICHARD FOLEY moved to approve final calculations for the following retirements: <br />Robert Silva Police -Chief 4/22/05 <br />(Superannuation) Annuity <br />Pension <br />Yearly <br />Monthly <br />Lawrence Gilligan RMLD 3/8/05 <br />(under the provisions of G.L.32,§ 10) Annuity <br />Pension <br />Yearly <br />Monthly <br />SECONDED BY: DANIEL SEFERIAN <br />VOTED: (4 -0) UNANIMOUS <br />34 years, 9 months <br />$10,007.28 <br />$72,800.28 <br />$82,807.56 <br />$ 6,900.63 <br />27 years, 8 months <br />$ 7,545.96 <br />$22,282.92 <br />$29,828.88 <br />$ 2,485.74 <br />Option C <br />Option C <br />• RICHARD FOLEY moved to approve the following superannuation retirement application: <br />Barbara Hickey Educ Assist. <br />(Superannuation) <br />SECONDED BY: DANIEL SEFERIAN <br />VOTED: (4 -0) UNANIMOUS <br />6/24/05 18 years, 5 months Option A <br />
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