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2012-04-24 Retirement Board Minutes
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2012-04-24 Retirement Board Minutes
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1254 <br />MINUTES OF THE READING RETIREMENT BOARD MEETING <br />Tuesday, April 24, 2012 <br />The Reading Retirement Board held a regular session meeting on April 24, 2012, in The Lower Level Conference <br />Room, 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, Gail LaPointe, Francis Driscoll, Thomas Clough, and Board Administrator, Colleen Loughlin. <br />MINUTES <br />Regular session minutes for the February 9, 2012 meeting were signed by all board members, except Joseph <br />Veno and Gail LaPointe who were not present. <br />• RICHARD FOLEY moved to accept the February 21, 2012 regular session minutes as written, except Francis <br />Driscoll and Gail LaPointe who were not present. <br />SECONDED BY: TOM CLOUGH <br />VOTED: (3 -0 -2) ABSTAINED: GAIL LAPOINTE & FRANCIS DRISCOLL <br />• Minutes from the March 27, 2012 regular session to be read and approved by all board members. <br />Tabled. <br />APPROVAL OF NEW MEMBERS, RETIREMENTS, TRANSFERS AND REFUNDS <br />• FRANCIS DRISCOLL moved to approve the following new member: <br />Genevieve Fiorente Rec Program Coordinator Date of hire & membership — 4/23/12 9%+2% <br />(Recreation) <br />SECONDED BY: RICHARD FOLEY <br />VOTED: (5 -0 -0) UNANIMOUS <br />• FRANCIS DRISCOLL moved to approve the following retirement application: <br />Craig Owen Materials Manager 6/22/12 18 years, 6 mths Option C <br />(RMLD) <br />SECONDED BY: RICHARD FOLEY <br />VOTED: (5 -0 -0) UNANIMOUS <br />• FRANCIS DRISCOLL moved to approve the Revised final calculation for the following retirement approved <br />by PERAC: <br />Joan Lavoie School <br />(Superannuation) <br />SECONDED BY: 'RICHARD FOLEY <br />VOTED: (5 -0 -0) UNANIMOUS <br />1/6/12 23 years, 3 mths Option A <br />Annuity: $ 2,972.28 <br />Pension: $ 8,834.04 <br />Yearly: $11,806.32 <br />Monthly: $ 983.86 <br />
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