2012-12-11 Retirement Board Minutes

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12 a3 MINUTES OF THE READING RETIREMENT BOARD MEETING T 0 EC U L E RK Tuesday, December 11, 2012 READING, MASS. The Reading Retirement Board held a regular session meeting on December 11, 2012, in TAu Lowy vel Conference Room Town Hall, Reading, Massachusetts. 177—Ff 0 11: O I The meeting was called to order at 6:01 P.M. by Chairman Joseph Veno, in the presence of members Richard Foley, Sharon Angstrom, Francis Driscoll, Thomas Clough, and Board Administrator, Colleen Loughlin. MINUTES • Regular session minutes for the October 23, 2012 meeting were signed by all board members. • FRANCIS DRISCOLL moved to accept the November 27, 2012 regular session minutes as written. SECONDED BY: THOMAS CLOUGH VOTED: (5 -0 -0) UNANIMOUS APPROVAL OF NEW MEMBERS RETIREMENTS, TRANSFERS AND REFUNDS • FRANCIS DRISCOLL moved to approve the following new members: Kathleen Rybak Operational Assist/ Date of hire & membership — 11/27/12 (RMLD) Engineering & Operations Patrick Dawley Police Officer (Police). Michael Muolo Police Officer (Police) Laura Dallis Police Officer (Police) SECONDED BY: THOMAS CLOUGH VOTED: (5 -0 -0) UNANIMOUS APPROVAL OF MISCELLANEOUS ITEMS Date of hire & membership — 12/3/12 Date of hire & membership — 12/3/12 Date of hire & membership— 12/3/12 9 % +2 ^/• 9%+2% 9% +2% 9%+2% • RICHARD FOLEY moved to table the approval of FYI Budget. The Retirement Boards will get quotes on space from other areas in the Town of Reading. SECONDED BY: THOMAS CLOUGH VOTED: (5 -0 -0) UNANIMOUS • RICHARD FOLEY moved to approve request from eligible member to purchase prior non - membership service for creditable service: Carol Chapman Reading 8/26/07 - 2126/12 2 years, 9 months The total purchase amount is $6,985.78. Carol will make a lump sum payment of $5,853.99 and begin payroll deductions with the December 21, 2012 pay period.