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1999-05-27 Retirement Board Minutes
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1999-05-27 Retirement Board Minutes
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Di 4 <br />The Reading Contributory Retirement Board held, a meeting on May 27, 1999, <br />Accounting/Treasurers Office, Town Hall, Reading, Massachusetts. <br />Meeting called to order at 6:00 P.M. <br />Minutes from April 22 meeting read and accepted. <br />Minutes from March 24, 1999 and April 6, 1999 signed by board members. <br />Jim Waldman, the Finance Director at PERAC, discussed the results of the 1995-1997 PERAC <br />Audit. It was found to be necessary for all board members to be bonded for $500,000. <br />Approved new membership for: <br />Joyce Ferrazzani <br />Donald Leiching <br />Ann Arington <br />Kathie Rivard <br />Thomas Pszenny <br />Michelle Willis <br />Keith Strong <br />DPW Administration <br />9% <br />RMLD lineman <br />9% <br />Secretary Coolidge <br />9% <br />Clerk/Collector <br />9% <br />Dispatcher <br />9% <br />Clerk/Human Service <br />9% <br />Custodian <br />9% <br />Approved retirement applications for: <br />Florence Webster April 30, 1999, Superannuation, Option B. <br />Gael Desmond May 14, 1999, Superannuation, Option A. <br />Elinor Mello May 28, 1999, Superannuation, Option A. <br />Approved Option C Pop-up allowance for: <br />Albert Heselton $88.83 (est.) per month starting 7/1/98. <br />Approved PERAC retirement calculation for: <br />Florence Webster <br />Annuity <br />Pension <br />Yearly <br />Monthly <br />Approved buy back for: <br />$ 1,986.36 <br />$ 4,144.56 <br />$ 6,130.92 <br />$ 510.91 <br />Michael Nickerson 7 months 3 days, $726.71, $25 per pay period. <br />
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