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2013-03-26 Retirement Board Minutes
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2013-03-26 Retirement Board Minutes
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9/5/2013 11:56:32 AM
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1298�I <br />MINUTES OF THE READING RETIREMENT BOARD MEETING <br />Tuesday, March 26, 2013 <br />The Reading Retirement Board held a regular session meeting on March 26, 2013, in The Lower Level <br />Conference Room. Town Hall, Reading, Massachusetts. <br />The meeting was called to order at 1:00 P.M. by Chairman Joseph Vero, in the presence of members Richard <br />Foley, Sharon Angstrom, Francis Driscoll, and Board Administrator, Colleen Loughlin. Thomas Clough <br />participated remotely due to geographical distance. <br />MINUTES <br />• Special session minutes for the Febmary 21, 2013 meeting were signed by all board members, except Thomas <br />Clough who was not present. <br />• RICHARD FOLEY moved to accept the February 26, 2013 regular session minutes as written. <br />SECONDED BY: FRANCIS DRISCOLL <br />VOTED: (5 -0 -0) UNANIMOUS <br />• RICHARD FOLEY moved to accept the January 29, 2013 regular session minutes as written. <br />SECONDED BY: FRANCIS DRISCOLL <br />VOTED: (5 -0 -0) UNANIMOUS <br />APPROVAL OF NEW MEMBERS. RETIREMENTS, TRANSFERS AND REFUNDS <br />• RICHARD FOLEY moved to approve the following new members: <br />Stephen Quigley Parks/Forestry <br />Date of hire — 9/8/08 9 % +2% <br />(DPW) <br />Date of membership — 3/4/13 <br />(Eligible for buyback) <br />Cation Masons, Custodian <br />Date of hire- 12/31/12 9 % +20/o <br />(School) <br />Date of membership — 2112/13 <br />(Eligible for buyback) <br />SECONDED BY: FRANCIS DRISCOLL <br />VOTED: (5 -0 -0) UNANIMOUS <br />• RICHARD FOLEY moved to approve final calculations for the following retirements approved by PERAC: <br />Ruth Boyd Elder Services 02/06/13 10 years, 2 mths Option A <br />(Superannuation) Annuity: $ 1,919.40 <br />Pension: $ 4,286.88 <br />Yearly: $ 6,206.28 <br />Monthly: $ 517.19 <br />
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