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12 07 <br />NIINUTES OF THE READING RETIREMENT BOARD MEETING <br />Tuesday, April 19, 2011 <br />The Reading Retirement Board held a regular session meeting on April 19, 2011, in The Lower Level Conference <br />Room, Town Hall, Reading, Massachusetts. <br />The meeting was called to order at 6:10 P.M. by Chairman Joseph Veno in the presence of members Richard <br />Foley, Gail LaPointe, Francis Driscoll, Thomas Clough, and Board Administrator, Colleen Loughlin. <br />MINUTES <br />• Regular session minutes for the February 22, 2011 meeting were signed by all board members. <br />• FRANCIS DRISCOLL moved to accept the March 22, 2011 regular session minutes as written. <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (5=0-0) UNANIMOUS <br />APPROVAL OF NEW MEMBERS RETIREMENTS TRANSFERS AND REFUNDS <br />• FRANCIS DRISCOLL moved to approve final calculations for the following retirements approved by <br />PERAC: <br />John Holland <br />(Superannuation) <br />Pamela Corcoran <br />(Superannuation) <br />Herbert Marden <br />(Termination) <br />Option C <br />U11 y. , <br />C= <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (5-0-0) UNANIMOUS <br />ra <br />Cr <br />• FRANCIS DRISCOLL moved to approve. the following transfer of funds to other system: <br />Pennilyn Dudley To Stoneham Retirement $18,909.93 5 years, 10 months <br />(Finance) <br />Comm Serv <br />RMLD <br />School <br />2/12/11 <br />Annuity: <br />Pension: <br />Yearly: <br />Monthly: <br />2/15/11 <br />Annuity: <br />Pension: <br />Yearly: <br />Monthly <br />3/9/11 <br />Annuity: <br />'Pension: <br />Yearly: <br />M thl <br />31 years, 3 mths <br />$ 3,561.48 <br />$12,260.52 <br />$15,822.00 <br />$ 1,318.50 <br />29 years, 6 mths <br />$10,959.12 <br />$45,510.96 <br />$56,470.08 <br />$ 4,705.84 <br />21 years, 2 mths <br />$ 4,507.92 <br />$10,602.72 <br />$15,110.64 <br />$ 1 259 22 <br />Option C <br />Option B <br />r- <br />to ~ <br />va <br />SECONDED BY: THOMAS CLOUGH <br />VOTED: (5-0-0) UNANIMOUS <br />