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2014-05-27 Retirement Board Minutes
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2014-05-27 Retirement Board Minutes
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t. 1V�INUTES OF THE READING RETIREMENT BOARD MEETING <br />t V K <br />E: <br />"'Al � N C Tuesday, May 27, 2014 <br />�. fZ <br />The Readi'rtg�Re`#irement Board held a regular session meeting on May 27, 2014, in The Lower Level Conference <br />Room, Town Hall a assachusetts. <br />RD5 ,luN 30' n <br />The meeting was called to order at 6:00 P.M. by Chairman Francis Driscoll in the presence of members Richard <br />Foley, Sharon Angstrom, Thomas Clough, Joseph Veno and Board Administrator, Colleen Loughlin. <br />MINUTES <br />• Regular session minutes for the March 25, 2014 meeting were signed by all board members. <br />• JOSEPH VENO moved to accept the April 22, 2014 regular session minutes as written, except Francis <br />Driscoll who was not present. <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (4 -0 -1) ABSTAINED: FRANCIS DRISCOLL <br />APPROVAL OF NEW MEMBERS, RETIREMENTS, TRANSFERS AND REFUNDS <br />• JOSEPH VENO moved to approve the following retirement application: <br />Steven Perry Lineman First Class 6/11/14 37 years, 2 mths <br />(RMLD) <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (5 -0 -0) UNANIMOUS <br />• JOSEPH VENO moved to approve the following refund of accumulated deductions: <br />Jason Watkins Resigned 11/12/13 3 years, I mth <br />(Cemetery) Total deductions & interest $ 10,623.52 <br />Less 20% Federal Taxes $ 2,124.70 <br />Net refund (cash) $ 8,498.82 <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (5 -0 -0) UNANIMOUS <br />• JOSEPH VENO moved to approve the final calculation for the following retirement approved by PERAC: <br />Louis DeBrigard, Jr <br />(Superannuation) <br />DPW 3/29/14 <br />Annuity: <br />Pension: <br />Yearly: <br />Monthly <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (5 -0 -0) UNANIMOUS <br />46 years, 2 mths Option C <br />$10,453.32 <br />$46,262.16 <br />$56,715.48 <br />$ 4,726.29 <br />
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