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1132 Y <br />T Aft <br />MN UTES OF THE READING RETIREMENT BOARD MEETING <br />Wednesday, August 26, 2009 <br />The Reading Retirement Board held a regular session meeting on August 26, 2009, in The Lower Level <br />Conference Room, Town Hall, Reading, Massachusetts. <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, Daniel Seferian, and Francis Driscoll, and Board Administrator, Colleen Loughlin <br />MINUTES <br />Regular session minutes for the June 24, 2009 meeting were signed by all board members, except Daniel <br />Seferian and Francis Driscoll who were not present. <br />RICHARD FOLEY moved to accept the July 29, 2009 regular session minutes as written. <br />SECONDED BY: GAIL LAPOINTE <br />VOTED: (5-0-0) UNANIMOUS <br />7. <br />APPROVAL OF NEW MEMBERS, RETIREMENTS, TRANSFERS AND REFUNDS o u <br />.c v r-s~ <br />DANIEL SEFERIAN moved to approve the following new member: <br />Elizabeth Conway HR Administrator Date of hire - 8/19/09 9 + 2%. m= <br />(School) Funds to be transferred from Winchester <br />SECONDED BY: FRANCIS DRISCOLL <br />VOTED: (5-0-0) UNANIMOUS <br />• DANIEL SEFERIAN moved to approve the following transfer of funds to other systems: <br />Carol Kowalski To Arlington Retirement $39,233.06 8 years, 3 months, 29 days <br />(Comm. Services) <br />Cheryl Mooney(formerly Johnson) To Norfolk County Retirement $63,701.16 13 years, 2 months, 20 days <br />(Finance) <br />SECONDED BY: FRANCIS DRISCOLL <br />VOTED: (5-0-0) UNANIMOUS <br />0 DANIEL SEFERIAN moved to approve the following refund of accumulated deductions: <br />Richard Del Rossi Resigned 8/17/09 5 yrs, 11 mths <br />(DPW) Total deductions & interest $ 17,858.69 <br />Less 50% interest $ 119.9.1 <br />Less 20% federal tax $ 3,547.76 <br />Net refund (Cash) $ 14,191.02 <br />SECONDED BY: FRANCIS DRISCOLL <br />VOTED: (5-0-0) UNANIMOUS <br />DANIEL SEFERIAN moved to approve final calculation for the following retirements approved by PERAC: <br />