1999-12-15 Retirement Board Minutes

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6 ? " The Reading Contributory Retirement Board held a meeting on December 15, 1999, Accounting Office, Town Hall, Reading, Massachusetts. The meeting was called to order at 6:00 P.M. Minutes from November 23, 1999 meeting were read and accepted. Minutes from October 20, 1999 meeting were signed by board members. Elizabeth Klepeis was re-appointed to the position of dAppointed are January Member 2000 to December Retirement Board on November 30, 1999 and her term 31, 2002. Peter Isbell was on a 2 week suspension from December 2, 1997 to December 15, 1997 and a 10 week suspension from December 22, 1997 to March. 6, 1998. At the November 23, 1999 meeting the board suspended their decision with regard to granting creditable service until they have more information. On December 15, 1999 the board reviewed more information received from Carol Roberts. They voted to suspend their decision due to lack of information. The board voted to have Joe Veno discuss this matter with Peter and to finish the discussion at the January 26, 2000 meeting. RMLD Group Classification: The Retirement Board Administrator sent 7 jab descriptions to PERAC on December 3, 1999 for their opinion on whether the following 3 should be classified under Group IV: Manager of Projects, Electrical Mechanical Maintenance Worker and Electric Maintenance Manager. According to Beth Antonio, at the RMLD, Mike Carroll was promoted from a Meter Reader (Group I) to a Meter/Tech Reader (Group IV). Peter Hodges has been promoted from an `Electrical Mechanical Maintenance Worker' to an `Operational Assistant in Facilities' under Mr. Blomley. The board voted to classify this new position, Operational Assistant in Facilities, as a Group I position. The board voted to have a letter sent to Mr. Leonard Rucker informing him that we sent a letter to PERAC requesting a legal opinion on the group classification of the three positions and are awaiting their response. The board voted to have a letter sent to Beth'Ellen Antonio stating that all new employees of the RMLD, that are members of the Reading Retirement System must come to the Retirement Office to sign the appropriate forms and to make any changes to their retirement file. Voted to approve the 3% COLA provision as contained in Chapter 127, Acts of 1999 retroactive to July 1, 1999. This Act allows, by local option, a COLA in excess of the percentage increase allowed by Ch. 32, up to a maximum of 3% (on the first $12,000 of the retirement allowance, 1.3% was paid on 7/l/99, 1.7% will be due if it is approved). The Board also voted to recommend this COLA to the Town for the warrant of the spring 2000 Town Meeting.