HomeMy WebLinkAbout2024-03-27 Retirement Board Minutes - Special Session0
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Date: 2024-03-27
Time: 9:30 AM
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Building: Reading Retirement Administration Location: Conference Room
Address: 2 Haven Street Unit 307 Session: Open Session
Purpose: Version: Final
Attendees: Members - Present:
Sharon Angstrom
John Halsey
Robert Beck
Members - Not Present:
David Gentile
Others Present:
Colleen Loughlin
Elaine Kelly
William Sweeney
Minutes Respectfully Submitted By: Elaine Kelly
Topics of Discussion:
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MINUTES OF THE READING RETIREMENT BOARD MEETING
Wednesday March 27, 2024
The Reading Retirement Board held a special session meeting on March 27, 2024 in The Conference
Room at 2 Haven Street, Unit 307, Reading, Massachusetts.
The meeting was called to order at 9:30 A.M. by Sharon Angstrom with board members, John Halsey,
Robert Beck, Administrator Colleen Loughlin, Assistant Board Administrator Elaine Kelly and William
Sweeney.
APPROVAL OF MISCELLANEOUS ITEMS
• ROBERT BECK moved to approve a 3% COLA increase for FY2025. This begins on July 1, 2024
and ends June 30, 2025, which is reflected in the July 1, 2021 actuarial valuation. It is limited to a
maximum amount of 3% of $14,000.
SECONDED BY: JOHN HALSEY
VOTED: (3-0-0) UNANIMOUS
• ROBERT BECK moved to adjourn this open session at 9:32 AM
SECONDED BY: JOHN HALSEY
VOTED: (3-0-0) UNANIMOUS
Chairman David A. Gentile, 1" elected (ABSENT)
ziulvon M -
Sharon M. gstrom, Ex Officio
Obert L. Beck, 2nd elected
No lancer a Board member as of 3/31/24
John R. Halsey, 2nd appointed