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2010-05-26 Retirement Board Minutes
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2010-05-26 Retirement Board Minutes
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1167 <br />MINUTES OF THE READING RETIREMENT BOARD MEETINT,G <br />Wednesday, May 26, 2010 i_. L ' <br />The Reading Retirement Board held a regular session meeting on May 26, 2010, in The Lower Level Conference <br /> <br />Room, Town Hall, Reading, Massachusetts. 2C1 1G JU 28 P 1: 11 <br />The meeting was called to order at 6:00 P.M. by Chairman Joseph Veno in the presence of members Richard <br />Foley, Gail LaPointe, Francis Driscoll, and Board Administrator, Colleen Loughlin. <br />MINUTES <br />• Regular session minutes for the March 24, 2010 meeting were signed by all board members. <br />• FRANCIS DRISCOLL moved to accept the April 28, 2010 regular session minutes as written. <br />SECONDED BY: RICHARD FOLEY <br />VOTED: (3-0-1) ABSTAINED: GAIL LAPOINTE <br />APPROVAL OF NEW MEMBERS, RETIREMENTS, TRANSFERS AND REFUNDS <br />• FRANCIS DRISCOLL moved to approve the following retirement application: <br />f <br />Dorothy Solomon School-Lunch 6/19/10 22 years, 9 mths Option A _ <br />(Superannuation) <br />SECONDED BY: RICHARD FOLEY <br />VOTED: (4-0-0) UNANIMOUS <br />FRANCIS DRISCOLL moved to approve the following refunds of accumulated deductions: <br />Nicholas Metcalf Terminated 12/21/09 <br />(Fire) Total deductions & interest $ 26.88 <br />Less 20% federal tax 5.38 <br />Net refund (Cash) $ 21.50 <br />Original refund was approved at the January 27, 2010 board meeting. Member was terminated, therefore, <br />he is entitled to 100% of his interest. <br />Robert Toussaint <br />(School) <br />Terminated 7/22/04 <br />Total deductions & interest <br />Less interest <br />Less 20% federal tax <br />Net refund (Cash) <br />4 years, 5 months <br />$ 6,306.72 <br />$ 132.22 <br />1,234.90 <br />$ 4,939.60 <br />SECONDED BY <br />VOTED: <br />RICHARD FOLEY <br />(4-0-0) UNANIMOUS <br />APPROVAL OF MISCELLANEOUS ITEMS <br />
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