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2000-03-29 Retirement Board Minutes
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2000-03-29 Retirement Board Minutes
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The Reading Contributory Retirement Board held a meeting on March 29, 2000, Conference Room, <br />Town Hall, Reading, Massachusetts. <br />The meeting was called to order at 7:30 A.M. <br />Minutes from the February 23, 2000 meeting were read and accepted. <br />Minutes from the January 26, 2000 meeting were signed by the board members. <br />Paul Todisco, from PRIM, attended the meeting at 8:00 a.m. and discussed the PRIT Fund. <br />Approved Option C Pop-up calculations: <br />Lucille Calhoun's annual Option C allowance popped up to $4,111.44 from $3,331.20 on <br />February 9, 2000. PERAC approval was granted on March 6, 2000. <br />Approved retirement applications: <br />Allan Nickerson DPW 4/28/2000 Option B <br />Dorothy Alworth Library 6/23/2000 Option A <br />Approved retirement calculations: <br />Virginia Butler Option A 3/10/00 <br />Annual Annuity $1,045.80 <br />Annual Pension $1,731.96 <br />Annual Allowance $2,777.73 <br />David Rourke Option B 3/3/00 (PERAC approval is pending) <br />Annual Annuity $4,969.32 <br />- Annual Pension $27,207.36 <br />Annual Allowance $32,176.68 <br />Ralph Tarpin Option C 3/3/00 <br />Annual Annuity $7,218.72 <br />Annual Pension $23,747.40 <br />Annual Allowance $30,966,12 <br />Ralph passed away on 3/13/00. His wife, Susan, will receive 2/3: <br />Annual Annuity $4,812.48 <br />Annual Pension $15,831.60 <br />Annual Allowance $20,644.08 <br />Approved refunds/transfers: <br />Thomas Roberto <br />Geraldine Kelley <br />Frederick Jackson <br />Paul Roache <br />Robert Johnson <br />Joseph Connelly <br />Teachers Retirement Bd <br />Arlington Retirement Bd <br />$481.23 <br />refund <br />$8,686.02 <br />transfer <br />$676.00 <br />buyback refund <br />$6,011.85 <br />BankBoston rollover <br />$7,223.04 <br />refund <br />$17,96532 <br />transfer <br />
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