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1211 <br />MINUTES OF THE READING RETIREMENT BOARD MEETING <br />Tuesday, May 24, 2011 <br />RECEIVED <br />TOWN CLERK <br />READING, MAS`. <br />2011 JUL 21 P 4i <br />The Reading Retirement Board held a regular session meeting on May 24, 2011, in The Lower Level Conference <br />Room, Town Hall, Reading, Massachusetts. <br />The meeting was called to order at 6:00 P.M. by Chairman Joseph Veno in the presence of members Richard <br />Foley, Francis Driscoll, Thomas Clough. Gail LaPointe and Board Administrator, Colleen Loughlin were not <br />able to attend. <br />MINUTES <br />• Regular session minutes for the March 22, 2011 meeting were signed by all board members. <br />• THOMAS CLOUGH moved to accept the April 19, 2011 regular session minutes as written. <br />SECONDED BY: FRANCIS DRISCOLL <br />VOTED: (4-0-0) UNANIMOUS <br />APPROVAL OF NEW MEMBERS RETIREMENTS, TRANSFERS AND REFUNDS <br />• THOMAS CLOUGH moved to approve the following retirement application: <br />Frances Fink Comm. Serv. 7/1/11 20 years, 0 months Option A <br />(Superannuation) <br />SECONDED BY: FRANCIS DRISCOLL <br />VOTED: (4-0-0) UNANIMOUS <br />• THOMAS CLOUGH moved to approve the following transfer of funds to other systems: <br />Dawn Folopoulos To Melrose Retirement Board $35,761.48 5 years, 11 months <br />(Finance) <br />Gerard Cavanaugh To Essex Regional Retirement Bd. $21,871.95 2 years, 10 months <br />(RMLD) <br />The voucher for the transfer was approved at the March 22, 2011 board meeting. <br />Wayne Currie To State Retirement Board $ 9,293.55 2 years, 11 months <br />(Recreation) <br />SECONDED BY: FRANCIS DRISCOLL <br />VOTED: (4-0-0) UNANIMOUS <br />• THOMAS CLOUGH moved to approve the following refund: <br />Beth Modica Resigned 8/24/07 6 years, 5 months <br />(School) Total deductions & interest (3% rule applied) $29,133.83 <br />Less 20% federal taxes $ 1,536.79 <br />Net Option.B refund $27,597.04 <br />