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2011-09-27 Retirement Board Minutes
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2011-09-27 Retirement Board Minutes
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1225 <br />MINUTES OF THE READING RETIREMENT BOARD MEETING <br />Tuesday, September 27, 2011 <br />The Reading Retirement Board held a regular session meeting on September 27, 2011, in The Lower Level <br />Conference Room, Town Hall, Reading, Massachusetts. <br />N <br />The meeting was called to order at 6:00 P.M. by Chairman Joseph Veno in the presence of rr&berrCRichard <br />Foley, Gail LaPointe, Thomas Clough, and Board Administrator, Colleen Loughlin. Francis Drisol waT83le <br />to attend. ° *m <br />1V ZZn <br />r-M <br />MINUTES D X M M <br />DSO <br />• Regular session minutes for the June 21, 2011 meeting were signed by all board member &xcerFrancis <br />Driscoll who was not present. N <br />• RICHARD FOLEY moved to accept the August 23, 2011 regular session minutes as written. <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (3 -0 -1) ABSTAINED: GAIL LAPOINTE <br />APPROVAL OF NEW MEMBERS, RETIREMENTS, TRANSFERS AND REFUNDS <br />• RICHARD FOLEY moved to approve the following new members: <br />Heather Tate Clerk <br />(Finance) <br />Patrick McLaughlin Computer Technician <br />(Finance) <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (4 -0 -0) UNANIMOUS <br />Date of hire & membership — 9/19/11 <br />Date of hire & membership — 9/27/11 <br />• RICHARD FOLEY moved to approve the following refund of accumulated deductions: <br />9%+2% <br />9%+2% <br />Kevin DeMoura Resigned 7/24/11 2 years, 10 months <br />(School) Total deductions & interest (3% rule applied) $9,531.55 <br />Less 20% federal tax $1,906.31 <br />Reimbursement to Town of Reading 2 0$ 90.21 <br />Net refund distributed to member $5,535.03 <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (4 -0 -0) UNANIMOUS <br />• RICHARD FOLEY moved to approve the following retirement application: <br />Mary Ellen Begonis Secretary - School 10/29/11 <br />(Superannuation) <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (4 -0 -0) UNANIMOUS <br />10 years, 10 mths Option C <br />
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