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Home My WebLink About2022-09-21 Retirement Board Minutes4� !H 0 "e Town of Reading RECEIVED F e Meeting Minutes TOWN CLERK 4J8 READING, MA. Board - committee - commission - council: 2023 MAR -7 PM 12: 12 Date: 2022-09-21 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 Carol Roberts Sharon Angstrom Members - Not Present: John Halsey Robert Beck Others Present: Colleen Loughlin - Board Administrator Elaine Kelly - Asst Board Administrator Minutes Respectfully Submitted By: Elaine Kelly Topics of Discussion: Page 1 1 2003 -�- MINUTES OF THE READING RETIREMENT BOARD MEETING Wednesday September 21, 2022 The Reading Retirement Board held a regular session meeting on September 21, 2022 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 Carol Roberts, Sharon Angstrom, Board Administrator Colleen Loughlin, and Assistant Board Administrator Elaine Kelly. John Halsey and Robert Beck were unable to attend. MINUTES • Minutes from the July 27, 2022 regular session were signed by all board members. • Minutes from the July 27, 2022 executive session were signed by all board members. • Minutes from the August 17, 2022 special session were signed by all board members. • CAROL ROBERT'S moved to table the minutes from the August 24, 2022 regular session, in an effort to have a quorum. SECONDED BY: SHARON ANGSTROM VOTED: (3-0.0) UNANIMOUS • SHARON ANGSTROM moved to approve the minutes from the September 8, 2022 special session. SECONDED BY: CAROL ROBERTS VOTED: (3-0-0) UNANIMOUS APPROVAL OF NEW MEMBERS, RETIREMENTS, TRANSFERS AND REFUNDS • SHARON ANGSTROM moved to approve the following new members: William Popp, IV Apprentice (RMLD) Floater Lineman Kevin Allard (RMLD) Zachery Wootton (RMLD) Floater Technician Floater Lineworker Date ofhire —8/29/22 9%+2% Or.4 Date of membership — (Transfer from Essex Regional) Date of hire — 8/29/22 9%+2% Or. 4 Date of membership — 8/29/22 Date of hire — 8/2922 9%+2% Or. 4 Date of membership — 8/29/22 2004 - " Derek Donovan Floater Lineworker Date of hire — 8/29/22 9%+2% Or. 4 (RMLD) Date of membership — 8/1/20 (Transfer from Wakefield) Catherine Franzetti Director of Food Sery Date of hire — 9/6/22 9%+2% Gr. I (School) Date of membership — (Transfer from Boston) Julie Blackley Communication Mgr. Date of hire — 6/6/22 9%+2% Gr. I (RMLD) Date of membership — 8/29/22 Andrew Carlson Floater Lineworker Date of hire — 9/6/22 9%+2% Gr. 4 (RMLD) Date of membership — 9/6/22 John Pelletier Director IT Date of hire — 9/12/22 9%+2% Gr. 1 (RMLD) Date of membership - (Transfer from State) Christopher Zaniboni Facilities Manager Date of hire — 9/12/22 9%+2% Gr. 1 (RMLD) Date of membership 9/12/22 Marco Buonopane Floater Lineworker Date of hire — 9/12/22 9%+2% Gr. 4 (RMLD) Date of membership - 9/12/22 Melissa Tuton Admin Secretary Date of hire — 9/12/22 90/.+2% Gr. I (Health) Date of membership — 9/12/22 Jake Marshall Laborer Date of hire — 8/19/19 9%+2% Gr. I (DPW -Forestry) Date of membership — 9/5/22 (possible make-up) Diane Mombito Treasurer Date of hire — 9/12/22 9%+2% Gr.I (Finance) Date of membership — 9/12/22 SECONDED BY: CAROL ROBERTS VOTED: (3-M) UNANIMOUS • SHARON ANGSTROM moved to approve the following new member, as amended, correcting Christopher Zaniboni from a Gr. 1 to Or. 4: SECONDED BY: CAROL ROBERTS VOTED: (3-0-0) UNANIMOUS 2005 -1 • SHARON ANGSTROM moved to approve the final calculation for the following retirement approved by PERAC: Paul Dudley (Accidental Disability) SECONDED BY: CAROL ROBERTS VOTED: (3-0-0) UNANIMOUS APPROVAL OF MISCELLANEOUS ITEMS 05/06/19 7 yrs, 1 mth Option C Yearly: $30,517.20 Monthly: $ 2,543.10 • SHARON ANGSTROM moved to approve the Involuntary Accidental Disability Retirement Application of Paul Roy. SECONDED BY: CAROL ROBERTS VOTED: (3-0-0) UNANIMOUS • SHARON ANGSTROM moved to approve request from eligible member to purchase prior creditable service from the Town of Reading: Meaghan Clemente Town of Reading 10/16/11-8/10/20 1 year, 6 mths The total principal purchase amount is $3,124.80. The member will pay in a one lump sum payment. SECONDED BY: CAROL ROBERTS VOTED: (3-0-0) UNANIMOUS • SHARON ANGSTROM moved to elect Elaine Kelly as the election officer for the election of the first elected member. David Gentile's term as board member expires on March 31, 2023. SECONDED BY: CAROL ROBERTS VOTED: (3-0-0) UNANIMOUS • SHARON ANGSTROM moved to approve the September 2022 wire transfer from PRIM to MMDT in the amount of $750,000.00 (wire transfer occurs the 21" of every month). SECONDED BY: CAROL ROBERTS VOTED: (3-") UNANIMOUS M OLD BUSINESS • RFP for Labor Counsel — Sharon Angstrom updated the Board members with responses she received from questions she asked the reference supplied to her by Murphy, Hess, Toomey and Lehane as prospective Labor Counsel. KP Law did not submit any references. • SHARON ANGSTROM moved to hire Murphy, Hess, Toomey and Lehane, LLC as Labor Counsel for the Reading Retirement System. SECONDED BY: CAROL ROBERTS VOTED: (3-0A) UNANIMOUS Carol Roberts will serve as the point of contact for Legal Counsel. Draft 3 of the Handbook is ready for review by Labor Counsel. Carol Roberts along with Sharon Angstrom will work on finalizing the Job Descriptions for review by Labor Counsel. The Chairman wanted to make note that Arty. Kier Wachterhauser had stated during the interview process that the services would likely be billed at $275/hr. • 10013 Committee update — The Chairman reported back with an update from the September 12, 2022 10013 Committee meeting. The three-person committee went into executive session and approved the payment of the outstanding medical bill from a retiree, citing that the medical procedure had already been performed. The Chairman noted that the Town Manger will not be pursuing any changes to the current procedure of the 100B Committee. NEW BUSINESS • Involuntary Accidental Disability Application for Firefighter Bruce Ayer — Board needs to schedule an Evidentiary Hearing. Arty. Sacco is available for our October 20 Board meeting to include the Evidentiary Hearing, however the Chairman has requested that October's regular Board meeting be rescheduled, as he will be out of town. The Administrator will coordinate with the rest of the Board members, as well as Arty. Sacco, to reschedule the meeting date to either October 18, 19 or 20, which will include the Evidentiary Hearing in Executive Session, to precede the regular Board session. Carol Roberts pointed out that the employment date of Firefighter Ayer, mentioned in Arty. Sacco's opinion letter dated 9/6/22, was incorrect. The Retirement office staff will make Arty. Sacco aware of this discrepancy. 2009 OPEN SESSION FOR TOPICS NOT REASONABLY ANTICIPATED 48 HRS IN ADVANCE OF MEETING ADJOURNMENT SHARON ANGSTROM moved to adjourn this open session at 10:40 AM: SECONDED BY: CAROL ROBERTS VOTED: (3-0-0) UNANIMOUS Chairman David A. Gentile, 1" elected &WO -h M . Cum Sharon M. Angstrom, Exp Officcii�o—�— CGN � 1 i \� A'2' � Carol B. Roberts, l" appointed Robert L. Beck, 2nd elected (ABSENT) John R. Halsey, 2"d appointed (ABSENT)