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HomeMy WebLinkAbout2025-10-01 Retirement Board MinutsTown of Reading RECEIVED TOWN CLERK Meeting Minutes R F A -y , M A 2025 DEC -2 PM 6 52 Board - committee - commission - Council: Contributory Retirement Board Date. 202S-16-01 Time: 9:36 AM Building: Reading Retirement Administration Location: Conference Room Address: 2 Haven Street Unit 307 Session: Open Session Purpose: General Business Attendees: Members - Present: Sharon Angstrom • Chairman David Gentile William Sweeney Richard Abate Laura Gemme Members - Not Present: Others Present: Version: Final Elaine Kelly • Administrator Faye Cicci- Assistant Administrator Minutes Respectfully Submitted By: Faye Ciccl Topics of Discussion: r Page I I 2254, MINUTES OF THE READING RETIREMENT BOARD MEETING Wednesday October 1, 2025 The Reading Retirement Board held a regular session meeting on October 1, 2025 in The Conference Roo, at 2 Haven Street, Unit 307, Reading, Massachusetts The meeting was called to order at 9:30 AM by Chairman Sharon Angstrom, with board members David Gentile, William Sweeney, Richard Abate, Laura Gemme, Administrator Elaine Kelly and Assistant Administrator Faye Cicci. OPEN SESSION • LAURA GEMME motioned to move into executive session. SECONDED BY: WILLIAM SWEENEY ROLL CALL VOTE: SHARON ANGSTROM Aye DAVID GENTILE Aye WILLIAM SWEENEY Aye RICHARD ABATE Aye LAURAGEMME Aye VOTED: (5-0-0) UNANIMOUS OPEN SESSION • LAURA GEMME motioned to approve a 1.25% COLA for both the Administrator and Assistant Administrator as well as the Administrator to be moved to a Step 3 and the Asst Retirement Administrator to be moved to a Step 3, both as of January 1, 2026. SECONDED BY: WILLIAM SWEENEY VOTED: (5-0-0) UNANIMOUS • LAURA GEMME motioned to allow the Asst Administrator a 6-week medical leave of absence beginning on October 10, 2025, the day of her medical procedure. The assistant will use her remaining 66 boos of vacation time and will then carry a negative balance with her sick time. Once she begins to accrue additional sick time, she will reimburse the negative sick hours back to the Retirement System. This will be re -addressed and m-evaluated following the 6 weeks of medical leave. SECONDED BY: DAVID GENTILE VOTED: (5.0-0) UNANIMOUS 22SS t LAURA GEMME motioned for the Board to look into becoming apart of -the Town's Sick Bank and / or requesting that Short -Term Disability Insurance become available. SECONDED BY: WILLIAM SWEENEY VOTED: (5-0-0) UNANIMOUS OPEN SESSION FOR TOPICS NOT REASONABLY ANT'IC'IPA'fED 48 HRS IN ADL'ANCE OF MEETING The Board reserves the right to consider items on the agenda out of order. The listing o1items is those reasonably anticipated by the Chair to be discussed, received at (cast forty-eight(48) hours prior to the meeting. ,Not all items listed may in fact be discussed and other items not listed may also be brought up for discussion to the extent permitted by law. items identified for discussion in Executive Session may be conducted in open session, in addition to, or in lieu of discussion in Executive Session. ADJOURNMENT • LAURA GEMME motioned to adjourn at 11:13 A.M. SECONDEDBY: RICHARD ABATE ROLL CALL VOTE: SHARON ANGSTROM Aye DAVID GENTILE Aye WILLIAM SWEENEY Aye RICHARD ABATE Aye LAURA GEMME Aye VOTED: (54)-0) UNANIMOUS CSharon M. Angstrom, O)Ticio David A. Gentile, Is'elect Ri Abate, a appoi ted W illrarp Sweengy, 2nd appointed to .Gem e, "elected