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2011-03-22 Retirement Board Minutes
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2011-03-22 Retirement Board Minutes
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1 1203 <br />MINUTES OF THE READING RETIREMENT BOARD MEETING <br />® Tuesday, March 22, 2011 RECEIVED <br />TOWN CLERK <br />The Reading Retirement Board held a regular session meeting on March 22, 2011, KT.ISiI �Ow el <br />Conference Room Town Hall, Reading, Massachusetts. <br />�pWIme be Ri Ir 2�' <br />The meeting was called to order at 6:00 P.M. by Chairman Joseph Veno N the presenc members Richard <br />Foley, Gail LaPointe, Francis Driscoll, Thomas Clough, and Board Administrator, Colleen Loughlin. <br />SPECIAL ITEM <br />Paul Todisco, Senior Client Services Officer from the PRIM Board, attended this meeting to discuss the <br />performance of the funds in PRIT. <br />MINUTES <br />• Regular session minutes for the January 25, 2011 meeting were signed by all board members. <br />• Regular session minutes for the February 10, 2011 meeting were signed by all board members, except Francis <br />Driscoll who was not present. <br />• FRANCIS DRISCOLL moved to accept the February 22, 2011 regular session minutes as written. <br />SECONDED BY: RICHARD FOLEY <br />VOTED: (5-0-0) UNANIMOUS <br />APPROVAL OF NEW MEMBERS, RETIREMENTS, TRANSFERS AND REFUNDS <br />• FRANCIS DRISCOLL moved to approve the following retirement applications: <br />Joseph Gu=aloca DPW 2/28/11 36 years, 2 mths Option A <br />(Superamuation) <br />Herbert Marden School -Custodian 3/9/11 21 years, 2 mths Option C <br />(Termination) <br />SECONDED BY: RICHARD FOLEY <br />VOTED: (5-0-0)UNANIMOUS <br />• FRANCIS DRISCOLL moved to approve final calculations for the following retirements approved by <br />PERAC: <br />Edward Cirigliano Comm Serv. 2/11/11 25 years, 1 mth Option C <br />(Superannuation) Annuity: $ 2,739.24 <br />Pension: $ 8,624.88 <br />Yearly: $11,364.12 <br />Monthly: $ 947.01 <br />® Joseph Gu&maloca DPW 2/28/11 36 yews, 2 mths Option A <br />(Superannuation) Annuity: $ 6,089.04 <br />Pension: $24,632.76 <br />Yearly: $30,721.80 <br />Monthly: $ 2,560.15 <br />
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