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2012-07-24 Retirement Board Minutes
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2012-07-24 Retirement Board Minutes
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1265 <br />MINUTES OF THE READING RETIREMENT BOARD MEETIN(iECEIVED <br />Tuesday, July 24, 2012 TOWN CLERK <br />READING. MASS. <br />The Reading Retirement Board held a regular session meeting on July 24, 2012, in The Lower Level Conference <br />Room, Town Hall, Reading, Massachusetts. All SEP 2b A & 44, <br />The meeting was called to order at 6:01 P.M. by Vice Francis Driscoll in the presence of members Richard Foley, <br />Sharon Angstrom, Thomas Clough, and Board Administrator, Colleen Loughlin. <br />MINUTES <br />• Regular session minutes for the May 29, 2012 meeting were signed by all board members. <br />• RICHARD FOLEY moved to accept the June 26, 2012 regular session minutes as written. <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (3 -0 -1) ABSTAINED: SHARON ANGSTROM <br />APPROVAL OF NEW MEMBERS, RETIREMENTS, TRANSFERS AND REFUNDS <br />• RICHARD FOLEY moved to approve the following transfer of funds to other system: <br />Stephen Duke To Stoneham Retirement Board $7,031.66 2 years, 4 months <br />(Dispatch) <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (4 -0 -0) UNANIMOUS <br />• RICHARD FOLEY moved to approve the following retirement application: <br />Bruce Russell Sergeant <br />(Police) <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (4 -0 -0) UNANIMOUS <br />8/31/12 34 years, 10 months Option C <br />• RICHARD FOLEY moved to approve request from eligible member to purchase prior non - membership <br />service for creditable service: <br />Nancy Aberman Saugus 12/1/79- 9/12/80 <br />9 months <br />The total purchase amount is $1,893.21. Saugus will not accept liability. Nancy will make a lump sum <br />payment. <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (4 -0 -0) UNANIMOUS <br />APPROVAL OF MISCELLANEOUS ITEMS <br />
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