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1999-04-22 Retirement Board Minutes
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1999-04-22 Retirement Board Minutes
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J <br />The Reading Contributory Retirement Board held a 'special meeting on April 22, 1999, <br />Accounting/Treasurers Office, Town Hall, Reading, Massachusetts. <br />Meeting called to order at 6:05 P.M. <br />Annual PRIM meeting with Paul Todisco. <br />Minutes from meetings on March 24 and April 6 read and accepted. <br />i <br />Minutes from February 26, 1999 signed by board members. <br />Accepted letter of resignation from Stephen Mitchell as 5t4i board member. Board members <br />noted that Mr. Mitchell served well and also expressed their appreciation. <br />Voted to approve Dan Seferian as the 5th member of the Reading Retirement Board. <br />Approved the return of accumulated deductions for: <br />Alan Allen $ 18,521.85 7 years 3 months (Rollover to Copeland Group) <br />Joseph Hawkins $ 22,308.33 7 years 8 months (Rollover to Merrill Lynch) <br />Involuntarily severed from service <br />Approved new membership for: <br />Peter Lowell School Custodian, 9%. <br />Joseph Coughlin Town Hall Custodian, 9%. <br />Anne Krieg Town Planner, 8% (Danvers). <br />Thomas Sullivan Maintenance, 9%. <br />It was recommend that the Retirement Administrator verifies dates of service from other <br />boards in which new employees have prior service. <br />Approved the buy back of creditable service: <br />Peter Isbell $ 298.45, 4 months creditable service. <br />Approved PERAC retirement calculation for: <br />Carol Angelo, School Secretary, 18-Feb-99, Superannuation Option B. <br />Annuity <br />$ 2;276.88 <br />Pension <br />$ 6,791.28 <br />Yearly <br />$ 9,068.16 <br />Monthly <br />$ 755.68 <br />
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