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2008-12-17 Retirement Board Minutes
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2008-12-17 Retirement Board Minutes
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MINUTES OF THE READING RETIREMENT BOARD MEETING <br />Wednesday, December 17, 2008 H IL Cu ! V FD <br />The Reading Retirement Board held a regular session meeting on D&&Ai~ 41~►Q,n The Lower Level <br />Conference Room, Town Hall, Reading, Massachusetts. <br />4 Richard <br />The meeting was called to order at 6:00 P.M. by Chairman Joseph V eno in the preseencee: o b <br />Foley, Gail LaPointe, Francis Driscoll, Dan Seferian, and Board Administrator, Colleen Loughlin. <br />MINUTES <br />• Regular session minutes for the October 29, 2008 meeting were signed by all board members. <br />• FRANCIS DRISCOLL moved to accept the November 25, 2008 regular session minutes as written. <br />SECONDED BY: RICHARD FOLEY <br />VOTED: (4-0-1) ABSTAINED: GAIL LAPOINTE <br />APPROVAL OF NEW MEMBERS RETIREMENTS TRANSFERS AND REFUNDS <br />• DAN SEFERIAN moved to approve the following transfer of funds to other system: <br />Dave Billard To Andover Retirement <br />(Appraiser) <br />SECONDED BY: FRANCIS DRISCOLL <br />VOTED: (5-0-0) UNANIMOUS <br />APPROVAL OF MISCELLANEOUS ITEMS <br />$91,415.33 12 years, 3 months, 11 days -Reading <br />15 years, 6 months, 11 days - Total <br />RICHARD FOLEY moved to approve that if Mr. Donald Stead requests a hearing, then the board should seek <br />to have counsel represent the Reading Retirement Board. <br />SECONDED BY: FRANCIS DRISCOLL <br />VOTED: (5-0-0) UNANIMOUS <br />APPROVAL OF VOUCHERS <br />• DANIEL SEFERIAN moved to approve the following vouchers: <br />2008 Voucher # 97 Dec. Retirement Allowances <br />$441,465.67 <br />Town of Reading Treasurer <br />$ 48,859.03 <br />Reading Credit Union <br />$ 24,247.00 <br />Commonwealth of Mass. <br />$ 615.34 <br />Internal Revenue Service <br />$ 45,398.09 <br />Commonwealth of Mass. <br />$ 1,793.73 <br />98 Town of Reading Treasurer <br />$ 3,424.97 <br />99 Town of Reading <br />$ 146.25 <br />Net Retiree Payroll <br />Health Insurance Deductions <br />Credit Union Deductions <br />RHA Health his. Deductions <br />Federal Tax Deductions <br />State Tax Deductions <br />December Administrator's Salary <br />Postage due to Town <br />
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