HomeMy WebLinkAbout2018-02-07 Retirement Board Minutes OWN FI?
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Meeting Minutes
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Board - Committee - Commission - Council:
Contributory Retirement Board
Date: 2018-02-07 Time: 4:00 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:
Thomas Clough
Sharon Angstrom
Carol Roberts
David Gentile
Members - Not Present:
Chairman-Joseph Veno
Others Present:
Colleen Loughlin, Elaine Kelly, Peter Lydecker (FINCOM)
Minutes Respectfully Submitted By: Elaine Kelly
Topics of Discussion:
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MINUTES OF THE READING RETIREMENT BOARD MEETING
Wednesday February 7, 2018
The Reading Retirement Board held a special session meeting on February 7, 2018 in The Conference
Room, at 2 Haven Street, Unit 307, Reading, Massachusetts.
The meeting was called to order at 4:00 P.M. by Thomas Clough in the presence of members Sharon
Angstrom, Carol Roberts, David Gentile, Board Administrators Colleen Loughlin and Elaine Kelly.
Chairman Joseph,Veno was not present. Peter Lydecker from FINCOM was also present.
APPROVAL OF MISCELLANEOUS ITEMS
• SHARON ANGSTROM moved to schedule Meketa Investment Group, FIA Fiduciary Investment
Advisors and Wainwright Investment Counsel to interview for the Investment Consultant. The office
will attempt to schedule interviews for 2:00, 3:00 and 4:00 pm on February 20, 2018. In the case
where the date and time is not a possibility for a candidate, an alternate date will be February 21, 2018
before 5:30 pm.
SECONDED BY: DAVID GENTILE
VOTED: (4-0-0) UNANIMOUS
OLD & NEW BUSINESS
• Carol Roberts offered to update the compiled salary data that was provided by the Assistant
Administrator and set a criteria using Reading's peer communities that responded to the salary survey
and adding a few Boards that are comparable in size to that of the membership to the Reading ,
Retirement System to complete the salary survey chart. The results will be reviewed at the scheduled
February 12, 2018 meeting.
INFORMATION/QUESTIONS/OTHER ITEMS
• The next board meeting is scheduled for Monday, February 12, 2018 at 11:00 AM in the Conference
Room at 2 Haven Street, Unit 307, Reading.
OPEN SESSION FOR TOPICS NOT REASONABLY ANTICIPATED 48 HRS IN ADVANCE
ADJOURNMENT
• SHARON ANGSTROM moved to adjourn this open session at 6:45 PM
SECONDED BY: DAVID GENTILE
VOTED: (4-0-0) UNANIMOUS
1601x,
Chairman, Joseph R. Veno, 2" elected
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Sharon M. Angstrom,
Ex fficio
Ca-t� -[L . V\e)�6z
Carol B. Roberts, 1St appointed
Vice-Chairman, Th ma A. Clough, 2n appointed
David A. Gentile, 1St elected
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