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11 27 <br />[1 P" CE I y7 D <br />MINUTES OF THE READING RETIl2EMENT BOARD MEE~I T L E R, K <br />Wednesday, July 29, 2009 it ; , D N G, M rA S S. <br />The Reading Retirement Board held a regular session meeting on July 29, 2009, in Tha ] wex ev nference <br />Room, Town Hall, Reading, Massachusetts. 4-1 /A IU; 43 <br />The meeting was called to order at 6:00 P.M. by Board Administrator, Colleen Loughlin in the presence of <br />Chairman Joseph Veno and members Richard Foley, Gail LaPointe, Daniel Seferian, and Francis Driscoll. <br />RE-ORGANIZATION OF THE BOARD <br />• DANIEL SEFERIAN moved to nominate Joseph Veno as Chairman of the Retirement Board: <br />SECONDED BY: FRANCIS DRISCOLL <br />VOTED: (5-0-0) <br />• RICHARD FOLEY moved to nominate Daniel Seferian as Vice-Chairman of the Retirement Board: <br />SECONDED BY: FRANCIS DRISCOLL <br />VOTED: (5-0-0) <br />MINUTES <br />• Regular session minutes for the May 27, 2009 meeting were signed by all board members. <br />• RICHARD FOLEY moved to accept the June 24, 2009 regular session minutes as written, except Daniel <br />Seferian and Francis Driscoll who were not present. <br />SECONDED BY: GAIL LAPOINTE <br />VOTED: (3-0-2) ABSTAINED: DANIEL SEFERIAN & FRANCIS DRISCOLL <br />APPROVAL OF NEW MEMBERS, RETIREMENTS, TRANSFERS AND REFUNDS <br />• FRANCIS DRISCOLL moved to approve the following new member: <br />Kenneth Finne Station Operator Date of hire & membership- 6/16/09 <br />(RMLD) Funds to be transferred from Middlesex <br />SECONDED BY: DANIEL SEFERIAN <br />VOTED: (5-0-0) UNANIMOUS <br />• FRANCIS DRISCOLL moved to approve the following refunds of accumulated deductions: <br />Maureen Burns Terminated 6/30/09 1 yr, 6 mths <br />(School - Secretary) Total deductions & interest $ 4,995.92 <br />Less 20%o federal tax $ 999.18 <br />Net refund (Cash) $ 3,996.74 <br />Ryan Porter Resigned 6/14/09 1 yr, 3 mths <br />(Police - Officer) Total deductions & interest $ 5,385.09 <br />Less 100% interest $ 9.64 <br />Less 20% federal tax $ 1,075.09 <br />Net refund (Cash) $ 4,300.36 <br />9%+2% <br />