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Board - Committee - Commission - Council:
Contributory Retirement Board
.2019 APR 25 PM 3: 18
Date: 2018-03-05 Time: 5:00 PM
Building: Reading Retirement Administration Location: Conference Room
Address: 2 Haven Street Unit 307 Session: Open Session
Purpose: General Business Version: Final
Attendees: Members - Present:
Chairman-Thomas Clough
Sharon Angstrom
Carol Roberts
David Gentile
Members - Not Present:
Joseph Veno
Others Present:
Colleen Loughlin, Elaine Kelly
Minutes Respectfully Submitted By: Elaine Kelly
Topics of Discussion:
Page 1
U09
MINUTES OF THE READING RETIREMENT BOARD MEETING
Monday March 5, 2018
The Reading Retirement Board held a special session meeting on March 5, 2018 in The Conference
--=--------Room-,-at 2 Haven-Street,-Unit 307,,-Reading,-Massachusetts.-- .------- -------- ----------------- --The meeting was called to order at 4:30 P.M. by Chairman Joseph Veno in the presence of members
Thomas Clough, Sharon Angstrom, Carol Roberts, David Gentile and Board Administrator Colleen
Loughlin. Peter Lydecker from Finance Committee arrived at 4:40 pm.
APPROVAL OF MISCELLANEOUS ITEMS
• SHARON ANGSTROM moved to appoint Fiduciary Investment Advisors (FIA) as the Investment
Consultant.
SECONDED BY: CAROL ROBERTS
VOTED: (3-1-1) ABSTAINED: JOSEPH VENO
• The Board interviewed 2 candidates for the Fifth Member position. Thomas Clough was scheduled at
4:30 pm and Kent Moffatt was scheduled at 5 pm. Both candidates were asked the same questions.
Tom Clough left the meeting at 4:50 pm after the interview.
• SHARON ANGSTROM moved to take a recess at 4:45 pm and reconvene into open session when the
second candidate arrived at 5:00 pm.
SECONDED BY: CAROL ROBERTS
VOTED: (4-0-0) UNANIMOUS
• SHARON ANGSTROM moved, to appoint Thomas Clough as the Fifth Member of the Reading
Retirement Board. His term will be April 1, 2018 —March 31, 2021.
The Board agreed that both candidates had strong financial backgrounds, but Tom's experience and
knowledge was very applicable and his Chapter 32 experience was valuable.
SECONDED BY: CAROL ROBERTS
VOTED: (4-0-0) UNANIMOUS
INFORMATION/QUESTIONS/OTHER ITEMS
• The next board meeting is scheduled for Tuesday March 27, 2018 at 5:00 PM in the Conference Room
at 2 Haven Street, Unit 307, Reading.
OLD & NEW BUSINESS
OPEN'SESSION FOR TOPICS NOT REASONABLY ANTICIPATED 48 HRS IN ADVANCE
ADJOURNMENT
• SHARON ANGSTROM moved to adjourn this open session at 5:25 pm.
SECONDED BY: CAROL ROBERTS
VOTED: (4-0-0) UNANIMOUS
Chairman, Joseph R. Veno, 2, elected
Sharon M. Angstrom, Ex O io
Carol B. Roberts, 1St appointed
Vice Chairman, Thomas A. Clough, 2" appointed
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avid A:Gentile, 1St elected
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