2012-08-28 Retirement Board Minutes

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1Lh9 MINUTES OF THE READING RETIREMENT BOARD MEETING Tuesday, August 28, 2012 The Reading Retirement Board held a regular session meeting on August 28, 2012, in The Lower Level Conference Room Town Hall, Reading, Massachusetts. The meeting was called to order at 6:00 P.M. by Chairman Joseph Veno in the presence of members Sharon Angstrom, Francis Driscoll, Thomas Clough, Board Administrator, Colleen Loughlin, and Francis Duclos. Richard Foley was not able to attend. SPECIAL ITEM • FRANCIS DRISCOLL moved to approve request from eligible member to purchase prior non - membership service for creditable service: Francis Duclos Middlesex County Retirement Board 1/15/75- 9/5/75 7.5 months The total purchase amount is $1,625.53. Frank will make a lump -sum payment. Middlesex County Retirement Board will not accept liability. SECONDED BY: SHARON ANGSTROM VOTED: (4 -0 -0) UNANIMOUS • Sergeant Duclos was able to produce W -2 for 1975 and Police Chief David Scott from Town of Pepperell provided hours worked during this period. Mr. Duclos worked for the CETA program during this period. MINUTES • Regular session minutes for the June 26, 2012 meeting were signed by all board members, except Sharon Angstrom. • FRANCIS DRISCOLL moved to accept the July 24, 2012 regular session minutes as written, except Joseph Veno who was not present. SECONDED BY: THOMAS CLOUGH VOTED: (3 -0 -1) ABSTAINED: JOSEPH VEND • Minutes from the July 31, 2012 special session to be read and approved by all board members, except Joseph Veno and Thomas Clough who were not present. Tabled. APPROVAL OF NEW MEMBERS, RETIREMENTS, TRANSFERS AND REFUNDS • FRANCIS DRISCOLL moved to approve the following new members: John Keough Firefighter Date of hire — 7/30/12 8%+2% (Fire) Date of membership — 1/96 David Polson Facilities Manager Date of hire & membership — 8/6/12 9%+2% (RMLD) SECONDED BY: THOMAS CLOUGH VOTED: (4 -0 -0) UNANIMOUS