HomeMy WebLinkAbout2019-10-09 Retirement Board Minutes rA
Town of Reading
Meeting Minutes
y -(; t RK
Board - Committee - Commission - Council:
-AI OL 19 P! 12: 31
Contributory Retirement Board
Date: 2019-10-09 Time: 6:30 PM
Building: Reading Town Hall Location: Berger Room
Address: 16 Lowell Street Session: Open Session
Purpose: General Business Version: Final
Attendees: Members - Present:
Thomas Clough
Sharon Angstrom
Carol Roberts
David Gentile
Members - Not Present:
Joseph Coughlin
Others Present:
Colleen Loughlin - Board Administrator
Minutes Respectfully Submitted By: Elaine Kelly
Topics of Discussion:
Page 1 1
MINUTES OF THE READING RETIREMENT BOARD MEETING
Wednesday October 9, 2019
The Reading Retirement Board held a special session meeting on October 9, 2019 in The Berger
Conference Room at Reading Town Hall, 16 Lowell Street, Reading, Massachusetts.
The meeting was called to order at 6:30 P.M. by Chairman Thomas Clough in the presence of members
Sharon Angstrom, David Gentile, Carol Roberts, and Board Administrator Colleen Loughlin. Joseph
Coughlin was not able to attend.
SPECIAL ITEM
• Carol Roberts recused herself from commenting on the COLA base increase as her disclosure has not
been approved yet by the Select Board.
• Sharon Angstrom compiled information to make a presentation to FIN COM regarding the increase in
the COLA base from $12,000 to $14,000. The material was emailed to the Board for review prior to
the meeting. Tom Clough provided a few key points to add. Sharon also pointed out that the
presentation was also sent in advance to FBQCOM so they will be prepared for the meeting.
INFORMATION/QUESTIONS
• Sharon Angstrom forwarded a letter from Town Counsel that provided their opinion regarding some
topic items that were in question. The letter was forwarded to Attorney Sacco who then forwarded to
the legal department at PERAC to expedite a response.
• Sharon Angstrom left the meeting at 7:00 pm.
• The Board will adjourn to attend the FINCOM meeting to hear the COLA base increase presentation
prepared by Sharon Angstrom.
• The next regular board meeting is scheduled for Tuesday, October 22, 2019 at 5:00 pm in the
Conference Room at 2 Haven Street, Unit 307, Reading, MA.
MEMORANDUMS & LETTERS RECEIVED
Town Counsel letter dated October 9, 2019 regarding Managerial Questions Regarding the Retirement
Board.
OLD & NEW BUSINESS
OPEN SESSION FOR TOPICS NOT REASONABLY ANTICIPATED 48 HRS IN ADVANCE OF
MEETING
ADJOURNMENT
DAVID GENTILE moved to adjourn this open session at 7:05 pm.
SECONDED BY: CAROL ROBERTS
VOTED: (3-0-0) UNANIMOUS
-? G It
Chairman Thomas A. Cs onpmnted
Sharon M. Anggstro m, E
�GA ✓� lj' j� t-��
Carol B. Roberts, 1" appointed
q 4{
David A. Gentile, 1" elected
Joseph J. Coughlin, Tw elected (ABSENT)