HomeMy WebLinkAbout2021-06-23 Retirement Board Minutes - Special SessionFR Town of Reading
RECEIVED
' MeetingMinutes
TOWN CLERK
READING. MA.
Re-
"°"'
2021 Nov 10 PM 12:27
Board - committee - commission - council:
Contributory Retirement Board
Date: 2021-06-23 Time: 9:30
AM
Building: Reading Retirement Administration Location: Conference Room
Address: 2 Haven Street Unit 307 Session:
Open Session
Purpose: General Business Version:
Final
Attendees: Members - Present:
David Gentile
Sharon Angstrom
Carol Roberts
Joseph Coughlin
John Halsey
Members - Not Present:
Others Present:
Colleen Loughlin - Board Administrator
Elaine Kelly - Asst Board Administrator
Linda Bournival-KMS Actuaries
Minutes Respectfully Submitted By: Elaine Kelly
Topics of Discussion:
Page 1 1
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MINUTES OF THE READING RETIREMENT BOARD MEETING
Wednesday June 23, 2021
The Reading Retirement Board held a special session meeting on lune 23, 2021 in The Conference
Room at 2 Haven Street, Unit 307, Reading, Massachusetts.
The meeting was called to order at 9:30 A.M. by Chairman David Gentile with board members Sharon
Angstrom, Carol Roberts, Joseph Coughlin, John Halsey, Board Administrator Colleen Loughlin,
Assistant Board Administrator Elaine Kelly and Linda Boumival from KMS Actuaries.
APPROVAL OF MISCELLANEOUS ITEMS
• SHARON ANGSTROM moved to approve a 3% COLA increase for FY 2022. This begins on July
1, 2021 and ends June 30, 2022, which is reflected in July 1, 2019 actuarial valuation. It is limited to
a maximum amount of 3% of $14,000.
SECONDED BY: CAROL ROBERTS
VOTED: (5-0-0) UNANIMOUS
ADJOURNMENT
• SHARON ANGSTROM moved to adjourn this open session at 9:35 AM
SECONDED BY: CAROL ROBERTS
VOTED: (5-0-0) UNANIMOUS
airman Da
UA. Gentile, 1" elected
Jk amain M, O-A�P+yDll-
Sharon M. Angstrom, Ex Officio