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2012-10-23 Retirement Board Minutes
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2012-10-23 Retirement Board Minutes
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12 <br />MINUTES OF THE READING RETIREMENT BOARD MEETING <br />Tuesday, October 23, 2012 <br />The Reading Retirement Board held a regular session meeting on September 25, 2012, in The Lower Level <br />Conference 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, Sharon Angstrom, Francis Driscoll, Thomas Clough, and Board Administrator, Colleen Loughlin. <br />MINUTES <br />• Special session minutes for the July 31, 2012 meeting were signed by all board members, except Joseph Veno <br />and Thomas Clough who were not present. <br />• FRANCIS DRISCOLL moved to accept the August 28, 2012 regular session minutes as written, except <br />Richard Foley who was not present. <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (4 -0 -1) ABSTAINED: RICHARD FOLEY <br />• FRANCIS DRISCOLL moved to accept the September 25, 2012 regular session minutes as written, except <br />Thomas Clough and Joseph Veno who were not present. <br />SECONDED BY: RICHARD FOLEY <br />VOTED: (3 -0 -2) ABSTAINED: JOSEPH VENO & THOMAS CLOUGH <br />APPROVAL OF NEW MEMBERS, RETIREMENTS, TRANSFERS AND REFUNDS <br />• FRANCIS DRISCOLL moved to approve the following new members: <br />Julianne DeAngelis RCASA —Outreach Coord. Date of hire —2/7/11 9%+2% <br />(Police) Date of membership — 10/1/12 <br />(Possibly eligible for buyback) <br />Marc DiLeo Station Operator Date of hire & membership — 10/4/12 9%+2% <br />(RMLD) <br />Andrew Strutt Help Desk Technician Date of hire & membership — 9/24/12 9%+2% <br />(School) <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (5 -0 -0) UNANIMOUS <br />• FRANCIS DRISCOLL moved to approve the following calculation for the following retirement approved by <br />PERAC: <br />Bruce Russell Police 8/31/12 34 years, I 1 mths Option C <br />(Superannuation) Annuity: $14,655.24 <br />Pension: $44,095.32 <br />Yearly: $58,750.56 <br />Monthly: $ 4,895.88 <br />
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