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2010-08-24 Retirement Board Minutes
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2010-08-24 Retirement Board Minutes
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1179 <br />MINUTES OF THE READING RETIREMENT BOARD MEETING - <br />Tuesday, August 24, 2010 <br />The Reading Retirement Board held a regular session meeting on August 24. 2010, in The Lower Level <br />Conference Room, Town Hall, Reading, Massachusetts. iiK <br />The meeting was called to order at 6:03 P.M. by Chairman Joseph Veno in the presence of members Richard <br />Foley, Francis Driscoll, Thomas Clough, and Board Administrator, Colleen Loughlin. Gail LaPointe was not able <br />to attend. . <br />MINUTES <br />Regular session minutes for the June 22, 2010 meeting were signed by all board members, except Thomas <br />Clough and Francis Driscoll who was not present. <br />• RICHARD FOLEY moved to accept the July 27, 2010 regular session minutes as amended. <br />SECONDED BY: FRANCIS DRISCOLL <br />VOTED: (3-0-1) ABSTAINED: THOMAS CLOUGH <br />• Minutes from the August 10, 2010 regular session to be read and approved by all board members, except <br />Thomas Clough and Francis Driscoll who was not present. <br />Tabled until next meeting. <br />• RICHARD FOLEY, moved to accept the August 17, 2010 regular session minutes as written. <br />SECONDED BY: FRANCIS DRISCOLL <br />VOTED: (3-0-1) ABSTAINED: THOMAS CLOUGH <br />APPROVAL OF NEW _MEMBERS, RETIREMENTS, TRANSFERS AND REFUNDS <br />• RICHARD FOLEY moved to approve the following retirement application: <br />James Rich DPW 11/22/10 22 years, 0 mths Option B <br />(Superannuation) <br />SECONDED BY: FRANCIS DRISCOLL <br />VOTED: (4-0-0) UNANIMOUS <br />APPROVAL OF MISCELLANEOUS ITEMS <br />• RICHARD FOLEY moved to approve the following final calculati <br />Loretta Cavagnaro RMLD 6/1/10 <br />(Superannuation) Annuity: <br />Pension: <br />Yearly:. <br />_1 Monthly: <br />Anna Ciarlone RMLD 6/1/10 <br />(Superannuation) Annuity: <br />ons approved by PERAC: <br />32 years, 6 mths Option C <br />$13,287.24 <br />$55,585.08 <br />$68,872.32 <br />$ 5,739.36 <br />21 years, 0 mths Option C <br />$ 6,569.64 <br />
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