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HomeMy WebLinkAbout2022-11-14 Retirement Board MinutesTown of Reading Meeting Minutes �a'IMtt�p��p Board - Committee - Commission - Council: Date: 2022-11-14 Time: 9:30 AM RECEIVED TOWN CLERK REAMNG, MA. 2023 MAR -7 PM 12:12 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 Carol Roberts Sharon Angstrom John Halsey Robert Beck Members - Not Present: Others Present: Colleen Loughlin - Board Administrator Minutes Respectfully Submitted By: Elaine Kelly Topics of Discussion: Page I I V) 20 1 6 MINUTES OF THE READING RETIREMENT BOARD MEETING Monday November 14, 2022 The Reading Retirement Board held a regular session meeting on November 14, 2022 in The Conference Room, at 2 Haven Street, Unit 307, Reading, Massachusetts The meeting was called to order at 9:30 AM by Chairman David Gentile with board members Carol Roberts, Sharon Angstrom, John Halsey, Robert Beck, Board Administrator Colleen Loughlin and Atty. Michael Sacco. OPEN SESSION • SHARON ANGSTROM motioned to move into executive session. SECONDED BY: ROBERT BECK ROLL CALL VOTE: SHARON ANGSTROM Aye CAROL ROBERTS Aye JOHN HALSEY Aye ROBERT BECK Aye DAVID GENTILE Aye VOTE: (5-0-0) UNANIMOUS EXECUTIVE SESSION Evidentiary hearing regarding the Involuntary Accidental Disability Retirement Application of Firefighter Robert Drake was conducted in executive session as requested by the member. Attorney Michael Sacco presided over the hearing. The Board approved, in Executive Session, to move this to a Regional Medical Panel. OPEN SESSION INFORMATION/QUESTIONS • The next regular board meeting is scheduled for Monday November 21, 2022 at 9:30 AM, in the Conference Room at 2 Haven Street, Unit 307, Reading, MA. OLD BUSINESS • The Disability Transmittal for Firefighter Paul Roy has been approved by PERAC. The final deductions have been posted and the retirement calculation was submitted to PERAC for final approval on 11/9/22. 2017 Robert Beck was looking for an update as to when Firefighter Roy would receive his first Retirement allowance payment. The administrator gave an update and explained the process. It typically takes 30 days to approve the calculation for a Disability, however PERAC has no time limit. • SHARON ANGSTROM moved to approved the FY 2023 Budget as amended. SECONDED BY: ROBERT BECK VOTED: (5-0-0) UNANIMOUS NOTE: The IT Dept. recommends that both Retirement office computers, that were purchased in 2016, be upgraded. • All three Medical Panel appointments for Firefighter Bruce Ayer have been scheduled and confirmed for November 17, 21 and 30, 2022. • The Engagement Letter from Murphy Hesse Toomey & Lehane, LLP has been signed by the Chairman and sent to Atty. Kier Wachterhauser. Carol Roberts will contact Atty. Wachterhauser and will update the Board with the status. Carol hopes to have a progress report for the Board at the November 21, 2022 Board meeting. • The Retirement office staff would like to request approval to attend PERAC's Administrator Training in Danvers on November 15, 2022. The Board is comfortable with the Chairman approving the office staff to attend. • The Chairman would like to add a Retirement office quarterly update to the Board agenda for November 21. 2022 ADJOURNMENT • SHARON ANGSTROM moved to adjourn this open session at 10:20 AM: SECONDED BY: ROBERT BECK VOTED: (5-0-0) UNANIMOUS 2a --4-1 1 �X- " Chairman " Da�vidd A. Gentile, IIye " eleccttyed,'�" Sharon M. Angstrom, Ex Officio C6Ak %, 1� koy-k-b Carol B. Roberts, 1" appointed j 20 1 g