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2014-02-25 Retirement Board Minutes
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2014-02-25 Retirement Board Minutes
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13r;o <br />!1l1X')ES OF THE READING RETIREMENT BOARD MEETING <br />Gay CLERK <br />Tuesday, February 25, 2014 <br />Mr SS. <br />The Reading Retirement Board held a regular session meeting on February 25, 2014, in The Lower Level Room, <br />Town Hall, e din ]k1dss�yev, <br />The meeting was called to order at 6:00 P.M. by Chairman Francis Driscoll in the presence of members Joseph <br />Veno, Thomas Clough, and Board Administrator, Colleen Loughlin. Sharon Angstrom and Richard Foley were <br />not able to attend due to illness. <br />MINUTES <br />• Regular session minutes for the December 10, 2013 meeting were signed by all board members, except <br />Sharon Angstrom who was not present. <br />• JOSEPH VENO moved to accept the January 28, 2014 regular session minutes as written. <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (3 -0 -0) UNANIMOUS <br />• Minutes from the February 6, 2014 special session to be read and approved by all board members, except <br />Joseph Veno and Thomas Clough who were not present. <br />TABLED <br />APPROVAL OF NEW MEMBERS, RETIREMENTS, TRANSFERS AND REFUNDS <br />• JOSEPH VENO moved to approve the following transfer of funds to other system: <br />Daniel Furbush To Middlesex County Retirement Board .$5,596.09 1 year and 11 months <br />(DPW) <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (3 -0 -0) UNANIMOUS <br />• JOSEPH VENO moved to approve the following retirement application: <br />John Kyle <br />(Police) <br />Patrolman 6/15/14 21 years, 10 mths Option A <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (3 -0 -0) UNANIMOUS <br />• JOSEPH VENO moved to approve final calculation for the following retirements approved by PERAC: <br />Thomas Davis <br />(Superannuation) <br />John Rawcliffe <br />(Superannuation) <br />School <br />11/4/13 <br />Annuity: <br />Pension: <br />Yearly: <br />Monthly <br />12/26/13 <br />Annuity: <br />Pension: <br />Yearly: <br />Monthly: <br />12 years, 3 mths <br />$ 5,558.40 <br />$12,355.20 <br />$17,913.60 <br />$ 1,492.80 <br />38 years, 4 mths <br />$ 7,293.96 <br />$25,299.36 <br />$32,593.32 <br />$ 2,716.11 <br />Option C <br />Option C <br />
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