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2007-04-24 Retirement Board Minutes
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2007-04-24 Retirement Board Minutes
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. 2 <br />MINUTES OF THE READING RETIREMENT BOARD MEETING <br />Tuesday, April 24, 2007 <br />The Reading Retirement Board held a regular session meeting on April 24, 2007, in The Lower Level Conference <br />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 Gail <br />LaPointe, Richard Foley, Daniel Seferian, and Board Administrator, Colleen Loughlin. Board member Francis <br />Driscoll was not able to attend. <br />APPROVAL OF MISCELLANEOUS ITEMS <br />• RICHARD FOLEY moved to approve Joseph Veno as the Chairman. <br />SECONDED BY: DANIEL SEFERIAN <br />VOTED: (4-0-0) UNANIMOUS <br />• RICHARD FOLEY moved to approve Daniel Seferian as the Vice-Chairman. <br />SECONDED BY: JOSEPH VEND <br />VOTED: (4-0-0) UNANIMOUS <br />MINUTES <br />` <br />• Regular session minutes for the February 21, 2007 meeting were signed by all board members, except Francis' <br />Driscoll who was not present. <br />RICHARD FOLEY moved to accept the March 21, 2007 regular session minutes as written. <br />SECONDED BY: DANIEL SEFERIAN <br />VOTED: (4-0-0) UNANIMOUS <br />APPROVAL OF NEW MEMBERS, RETIREMENTS, TRANSFERS AND REFUNDS <br />• RICHARD FOLEY moved to approve the following new members: <br />James Sullivan Recreation <br />Diane Finigan <br />Debra Haynes <br />School - Admin. <br />Police - Dispatch <br />SECONDED BY: DANIEL SEFERIAN <br />VOTED: (4-0-0) UNANIMOUS <br />Date of hire & membership - 3/26/07 <br />Date of hire & membership - 4/9/07 <br />Date of hire & membership - 4/10/07 <br />• RICHARD FOLEY moved to approve the following refund of accumulated deductions: <br />9%+2% <br />9%+2% <br />9%+2% <br />Helen Pelley Resigned 4/6/07 9 years, 9 months <br />(School) Total Deductions & interest $27,375.72 <br />Less 50% interest $ 541.67 <br />Net refund (rollover to IRA) $26,834.05 <br />
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