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2010-02-24 Retirement Board Minutes
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2010-02-24 Retirement Board Minutes
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MINUTES OF THE READING RETIREMENT BOARD MEETING <br />Wednesday, February 24, 2010 <br />OW CLERK <br />The Reading Retirement Board held a regular session meeting on February alVle i,ower Level <br />Conference Room Town Hall, Reading, Massachusetts. <br />20I PAY 18 A q: 20 <br />The meeting was called to order at 6:03 P.M. by Chairman Joseph Veno in, the presence of members Richard <br />Foley, Gail LaPointe, Daniel Seferian, and Board Administrator, Colleen Loughlin. Francis Driscoll was not able <br />to attend. <br />MINUTES <br />• Regular session minutes for the December 16, 2009 meeting were signed by all board members. <br />• DANIEL SEFERIAN moved to accept the January 27, regular session minutes as amended. <br />SECONDED BY: RICHARD FOLEY <br />VOTED: (4-0-0) UNANIMOUS <br />• DANIEL SEFERIAN moved to accept the January 27, 2010 executive session minutes as amended. <br />SECONDED BY: RICHARD FOLEY <br />VOTED: (4-0-0) UNANIMOUS <br />• Minutes from the February 12, 2010.regular session to be read and approved by all board members, except <br />Joseph Veno and Daniel Seferian who were not present. <br />Tabled until next meeting. <br />APPROVAL OF NEW MEMBERS RETIREMENTS TRANSFERS AND REFUNDS <br />• DANIEL SEFERIAN moved to approve the following new members: <br />Raymond Melvin Apprentice Lineman Date of hire & membership - 2/9/10 9%+2% <br />(RMLD) <br />Daniel Follis <br />(RMLD) <br />SECONDED BY: <br />VOTED: <br />Apprentice Lineman <br />RICHARD FOLEY <br />(4-0-0) UNANIMOUS <br />Date of hire & membership - 2/23/10 9% + 2% <br />• DANIEL SEFERIAN moved to approve the following final calcut, <br />William Talbot Jr. Custodian - School 12/26/09 <br />(Superannuation) Annuity: <br />Pension: <br />Yearly: <br />Monthly: <br />SECONDED BY: RICHARD FOLEY <br />VOTED: (4-0-0) UNANIMOUS <br />ition approved by PERAC: <br />25 years, 3 mths Option A <br />$ 9,348.60 <br />$16,082.76 <br />$25,341.36 <br />$ 2,119.28 <br />
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