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1110 <br />MINUTES OF THE READING RETIREMENT BO. <br />Wednesday, February 25, 200 ING <br />9TOW CLERK <br />The Reading Retirement Board held a regular session meeting on Fe~ruary 25, 2009, in The Lower Level <br />Conference Room, Town Hall, Reading, Massachusetts. 2091 APR 2M A 107 35 <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, Daniel Seferian and Board Administrator, Colleen Loughlin. <br />Paul Todisco attended this meeting to discuss the performance of the funds in PRIT. <br />MINUTES <br />J <br />3 <br />• Regular session minutes for the December 17, 2008 meeting were signed by all board members. <br />• FRANCIS DRISCOLL moved to accept the January 28, 2009 regular session minutes as written. <br />SECONDED BY: RICHARD FOLEY <br />VOTED: (4-0-1) ABSTAINED: DANIEL SEFERIAN <br />APPROVAL OF NEW MEMBERS, RETIREMENTS, TRANSFERS AND REFUNDS <br />• FRANCIS DRISCOLL moved to approve the following refund of accumulated deductions: <br />Barbara Rose Resigned 11/28/08 9 mths <br />(DPW-Recreation) Total deductions & interest $ 2,012.48 <br />Less 100% interest $ 1.68 <br />Less 20% federal tax $ 402.16 <br />Net refund (Cash) $ 1,608.64 <br />SECONDED BY: RICHARD FOLEY <br />VOTED: (5-0-0) UNANIMOUS <br />APPROVAL OF MISCELLANEOUS ITEMS <br />• FRANK DRISCOLL moved to approve Daniel Seferian as appointed fifth Board Member. His term will run <br />from 4/1/09 to 3/31/12. <br />SECONDED BY: RICHARD FOLEY <br />VOTED: (4-0-1) ABSTAINED: DANIEL SEFERIAN <br />• FRANK DRISCOLL moved to approve board administrator to attend the MACRS 2009 Spring Conference <br />being held June 7-June 10, 2009 in Hyannis, MA. <br />SECONDED BY: DANIEL SEFERIAN <br />VOTED: (5-0-0) UNANIMOUS <br />