HomeMy WebLinkAbout1999-10-20 Retirement Board Minutest
The Reading Contributory Retirement Board held a meeting on October 20. 1999 Accounting
Office, Town Hall, Reading, Massachusetts.
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Meetinu called to order at 6:00 P.M.
Minutes from September 22, 1999 and October 13, 1999 meetings were read and accepted.
Minutes from August 24, 1999 meeting were signed by board members.
Reviewed corrected list of members who work part time and members who have breaks in
service. The Board continued it discussion on the Proposed Supplementary Regulations
concerning membership, military bzryback & pro-rating part-time service. The changes to the
Proposed Supplementary Regulations will be added for review at the next board meeting.
Approved new membership for:
Scott Hanson RMLD 8% (Wakefield)
Linda Riley School 9%
Approved retirement applications:
Patricia Quilty Option A September 30, 1999
Elaine Margossian Option A November 29, 1999
Wanda Lordian Option B December 31, 1999
Approved PERAC appr
Philip Dole
Annuity
Pension
Yearly
Monthly
oved retirement for:
Firefighter September 1, 1999
$5,556.48
$30,123.84
$35,680.32
$2,973.36
Patricia Quilty Collectors Office September 30, 1999
Annuity $1,538.16
Pension $2,443.32
Yearlv $3,981.48
Monthly $3.31.79
Approved Option (C) survivor benefit:
Edna Beighley is the survivor of David Beighley. She will receive 2/3 of his total
pension. $404.41 x 2/3 r $269.61 per month.
Approved refunds/transfers:
William Ricci Transfer to Everett
Rose Mitchell Refund .
June Kelly is to receive a,refund of $46,57
member, died on September 5, 1999.
J. Kelly (pre 1/12/88 contributions)
PFS Shareholder Services
$1,447.82
$2,911.30
7.48. Her husband, Kevin Kelly, an inactive
$5,988.69
$40,588.79
693
Reviewed and approved'
Voucher 91999 79
80
81
82
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Vouchers:
Town of Reading Treasurer
Town of Reading Treasurer
Everett Retirement Board
June Kelly/PFS
Rose Mitchell
$342,001.04 Payroll
$4,309.98 Ret Admin pay
$1,447.82
$46,577.48
$2,911.30
Ethel Evans was receiving a Section (101) benefit of $517.14 per month since April 1997. This
benefit is now terminated because she was remarried on September 25, 1999.
A `Retiree Current Information Form' was filled out by the Retirement Administrator for Dennis
White and Dennis Farrell, both on an accidental disability. PERAC will review their files within
the next 3 months and determine if a `Comprehensive Medical Examination' is necessary.
PERAC Update: November class: Actuarial Valuation basics, E-mail & technology and
Disability Update-November 9, 16 or 18.
Meeting adjourned 7:40 P.M.
Present: Boissoneau, Foley, Klepeis, Seferian, Veno and Cotter.
Henry P/ Bissoneau, 1st elected
Richard P. Foley, Ex fficio
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Eliza th W. Klepeis, 1 a ointed
seph R. Veno, 2° elected
Daniel B. Seferia`n, 2' appointed