HomeMy WebLinkAbout2000-05-31 Retirement Board Minutes71 1
The Reading Contributory Retirement Board held a meeting on May 31, 2000, Conference Room, Town
Hall, Reading, Massachusetts.
The meeting was called to order at 7:31 A.M.
Minutes from the March 29, 2000 meeting were signed by the board members.
Minutes from the April 26, 2000 meeting were read and accepted.
Minutes from the May 17, 2000 meeting were read and accepted.
Approved retirement applications:
Edward Haradon DPW Option A May 1, 2000
Katherine Jack Schoci Option B June 15, 2000
Approved PERAC approved retirement calculations:
Edward Haradon
Option A
Annuity
3,777.84
Pension
16,393.68
Yearly
20,171.52
Monthly
1,680.96
William Pacunas
Annuity
Pension
Yearly
Monthly
Option A
6,322.08
35,637.96
41,960.04
3,496.67
Allan Nickerson
Annuity
Pension
Yearly
Monthly
Approved transfer:
James Hennessy
Approved new membership:
Patrice O'Donnell
Eric Blackman
Option B
5,780.64
20,815.08
26,595.72
2,216.31
Fire Department
Library Technician
Fire Department
Reviewed and approved the following vouchers:
May 1, 2000
April 28, 2000
April 28, 2000
Melrose $46,715.10
9%
8% (Gloucester)
2000 Voucher 9 33 Town of Reading Treasurer $ 391,359.88
Deductions $66,448.73/Net $324,911.15
34 Town of Reading Treasurer $ 2,873.32 staff salary
35 Melrose Retirement Board $ 46,715.10 Hennessy
The board members reviewed the Middlesex County's Supplementary Regulation concerning `Regular,
Compensation-Motor Vehicle Use'. Middlesex County is currently reviewing their Supplementary
Regulation and the tax code with their attorney. The Retirement Administrator will bring to the next
meeting any new information concerning Middlesex County.
4
In June Paul Sheridan will be examined by three separate physicians to evaluate his current disability
status. He has been sent a `notification of suspension' letter from PERAC because he has not submitted a
properly completed `1999 Annual Report of Earnings'. His retirement allowance is currently su6pended
for prior noncompliance.
Stephen P. Sheppard passed away on May 18, 2000.
The July meeting will be on July 26, 2000 at 7:30 A.M..
Meeting adjourned 8:02 A.M.
Present: Boissoneau, Foley, Seferian, Veno and Martin
Henry J. o'"soneau, I" elected
/ij,4j I
Rich(a~rd P. Foley, Ex Offi '
Eli et W. Klle/epeis, I" appo ted
Aeph R. Veno, 2nd elected