2013-12-10 Retirement Board Minutes

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1340 S OF THE READING RETIREMENT BOARD MEETING W N CLERK Tuesday, December 10, 2013 .r.i,,�Nlj. �r SS. The Reading Retirement Board held a regular session meeting on December 10, 2013, in The Lower Level Conference �`4�ifo Hftl,;eg, Massachusetts. The meeting was called to order at 6:00 P.M. by Chairman Francis Driscoll in the presence of members Richard Foley, Joseph Veno, Thomas Clough, and Board Administrator, Colleen Loughlin. Linda Bournival from KMS Actuaries was also present to discuss the funding schedule breakout. Sharon Angstrom is still on maternity leave. Richard stepped out of the meeting at 6:30 and returned at 7:00 pm. SPECIAL ITEM • Linda Bournival, KMS Actuaries, attended meeting to present various funding schedules to the Board. MINUTES • Regular session minutes for the October 22, 2013 meeting were signed by all board members. • JOSEPH VENO moved to accept the November 25, 2013 special session minutes as written. SECONDED BY: RICHARD FOLEY VOTED: (3 -0 -1) ABSTAINED: THOMAS CLOUGH • JOSEPH VEND moved to accept the November 26, 2013 regular session minutes as written. SECONDED BY: RICHARD FOLEY VOTED: (4 -0 -0) UNANIMOUS • JOSEPH VENO moved to accept the November 5, 2013 special session minutes as written. SECONDED BY: RICHARD FOLEY VOTED: (3 -0 -1) ABSTAINED: THOMAS CLOUGH • JOSEPH VENO moved to accept the November 5, 2013 executive session minutes as written. SECONDED BY: RICHARD FOLEY VOTED: (3 -0 -1) ABSTAINED: THOMAS CLOUGH APPROVAL OF NEW MEMBERS, RETIREMENTS, TRANSFERS AND REFUNDS APPROVAL OF MISCELLANEOUS ITEMS APPROVAL OF INVOICES TO BE PAID • JOSEPH VENO moved to approve the following warrant #AP 122013 totaling $706,375.22: Commonwealth of Mass. $ 509.08 RHA Health Ins. Deductions Commonwealth of Mass. $ 1,774.32 State Tax Deductions Commonwealth of Mass. $ 216.66 Child Support