1999-11-23 Retirement Board Minutes

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The Reading Contributory Retirement Board held a meeting on November 23, 1999 Berger Room, Town Hall, Reading, Massachusetts. The meeting was called to order at 4:05 P.M. Mr. Leonard Rucker, General Manager of the Reading Municipal Light Department, and Beth Ellen Antonio, Human Resource Manager, attended this meeting to discuss the Group classification of 6 RMLD employees. They reviewed with the board the 6 job descriptions of the positions that they believe should be classified as Group IV. The Board decided to send the job description to PERAC for their opinion on whether they should be classified as Group I or Group IV. The chairman brought up the issue of the record keeping of the beneficiaries of the RMLD employees. The Retirement Board Administrator will send out notices to RMLD employees to ensure the Retirement Boards records are up to date concerning the intended beneficiary of the employee. Minutes from October 20, 1999 meeting to be read and accepted. Minutes from September 22, 1999 and October 13, 1999 meetings to be signed by board members. Beth Klepeis' appointment to the position of Appointed Member of the Reading Retirement Board will expire on December 31, 1999. Her appointment date is November 30, 1999. The letter to Members of the Board of Selectmen was signed by the Chairman and will be given to Paula Schena on November 24, 1999. Peter Isbell did not receive creditable service for the 10 week period that he was suspended. He would like this period reinstated. I met with George Strazzere, Peter Isbell and Carol Roberts on. November 19, 1999. It was decided to bring this issue up with the Reading Retirement Board at their next meeting. The Board voted not to take any action concerning the 1 month of creditable service allowable under Chapter 32. They would like more information concerning his suspension from the job. The Retirement Administrator will gather this information for the December 15, 1999 board meeting. Approved the `Actuarial Valuation and Review as of July 1, 1999' submitted by The Segal Company. Approved new pension amount of $80.64 per month for Joseph LaMonica: Joseph LaMonica, who was receiving an Option D benefit, will not be eligible for the minimum allowance because he remarried on June 12, 1999. He also will not be eligible for the dependant benefit because his daughter is over eighteen and no longer a full time student. This new calculation has been sent. to PERAC for approval. All the notarized affidavits have been submitted. Mr. Francis Kerrigan of Center Conway, New Hampshire passed away on November 11, 1999.