HomeMy WebLinkAbout2001-08-29 Retirement Board Minutes-1
The Reading Retirement Board held a meeting on AUGUST 29, 2001, in the Conference Room, Town
Hall, Reading, Massachusetts. The meeting was called to order at 7:00 A.M.
Minutes from the July 27, 2001 meeting were signed by the board members.
Minutes from the July 18, 2001 meeting were read and accepted.
Approved new membership:
Lee Ann Fratoni RMLD Operational Assistant 7/19/01 9%
Valerie O'Brien Guidance Secretary 7/23/01 9%
Approved PERAC approved retirement calculations:
Robert Moreschi Option B
Monthly annuity
Monthly pension
Monthly allowance
Annual allowance
Approved refunds /transfers:
Sheryl A. Daley School Department
Reviewed and approved
2001 Voucher # 60
61
62
63
64
65
66
the following vouchers:
Town of Reading Treasurer
Town of Reading Treasurer
Hastings- Tapley Ins. Agency
Sheryl A. Daley
Town of Reading Treasurer
Robert Moreschi
Ruth P. Boyd
July 13, 2001 Patrolman
$ 371.93
$ 2,533.65
$ 2,905.58
$34,866.96
$10,123.81
$ 386,502.46
retiree payroll
3.960.79
August Admin. Salary
1,238.00
annual bond coverage
8,099.04
refund to member
2,024.77
Daley 20 % fed me. tax
83.92
refund to member
66.40
refund to member
Ordinary disability retiree, John Cullen, passed away on July 10, 2001. His spouse, Maureen, is his Option
C beneficiary. She will receive $ 896.08 per month as an allowance, starting on August 31, 2001.
The Legislature acted on the PRIT participating member state funding in a supplemental budget. They did
not fund the program The House favored the appropriation, but the Senate did not and the Senate
prevailed in conference committee. The Board voted to write letters to the Town's representatives, to the
House chairman of Ways and Means, and to the Senate chairman of Ways and Means thanking them for
their support and requesting continued support for the funding.
Meeting adjourned at 8:00 A.M.
Present: Boissoneau, Foley, Klepeis, Seferian, and Veno.
C
Henry J soneau, I" elected
Richard P. Foley, Ex OffMio
765
iva 1 766
767
The Reading Retirement Board held a meeting on SEPTEMBER 26, 2001, in the Conference Room, Town Hall,
Reading, Massachusetts. The meeting was called to order at 7:00 A.M.
Minutes from the July 18, 2001 meeting were signed by the board members.
Approved new membership
Derek Loftus
Firefighter
8/03/01
9%
Janet Murphy
Account Clerk
8/13/01
9%
Jonathan Colleran
Laborer
8/06/01
9%
Joseph L. Boyan
Key Accounts Manager
8/16/01
9%
Approved PERAC approved retirement calculations:
Joseph Veno Option A September 7, 2001
Annuity $ 5,174.52
Pension $35,746.44
Annual Allowance $40,920.96
Approved refunds /transfers
Marie Paiva transfer to Wakefield 1 year and 5 months $3,210.63
Reviewed and approved the following vouchers:
2001 Voucher # 67 Town of Reading Treasurer $ 389,117.99 retiree payroll
68 Town of Reading Treasurer $ 2,319.27 Sep Admin. salary
69 Town of Wakefield $ 3,210.63 transfer Paiva
PERAC's Disability Unit has evaluated Joseph Cummings, Paul Vallee, and Robert Buote for possible return to
service pursuant to Massachusetts General Laws, chapter. 32, section 8. The Comprehensive Medical Evaluation
(CME) physician evaluator determined that each retiree was unable to perform the essential duties of his job.
PERAC has determined that Joseph Cummings earnings in 2000 exceeded the amount allowed by $644.36. Mr.
Cummings will repay this amount by having his retirement allowance dated October 31, 2001 reduced by $644.36.
The Division of Administrative Law Appeals affirmed the decision of the Retirement Board that classified the
position of field technician as Group I.
Meeting adjourned 8:20 A.M.
Present: Boissoneau, Foley, Klepeis, Seferian, and Veno.
enry J. B � s eau, 1" elected
Ricc and P. Foley, Ex Offici
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Elizabkjh W. Klepeis, 1" appoi ted
ILZA"l;I
se R. V o, 2 elected
r
Daniel B. Seferian "appointed
ir-= - 768