HomeMy WebLinkAbout1999-07-28 Retirement Board MinutesThe Reading Contributory Retirement Board held a meeting on July 28, 1999 Conference Room,
Town Hall, Reading, Massachusetts.
Meeting called to order at 4:05 P.M.
Minutes from June 23, 1999 meeting were read and accepted.
Minutes from May 27, 1999 meeting were signed by board members.
Approved retirement applications/PERAC authorized pensions for:
Robert Dalton
Virginia Anderson
Annuity
Pension
Yearly
Monthly
July 23, 1999 DPW Option A
July 2, 1999 School Dept Option B
951.60
3,309.48
4,261.08
355.09
Agnes Lindgren July 9, 1999 School Dept Option A
Annuity
3,017.28
Pension
13,496.16
Yearly
16,513.44
Monthly
1,376.12
Robert Nordstrand
July 15, 1999 Board of Assessors Option C
Annuity
524.88
Pension
1,343.88
Yearly
1,868.76
Monthly
155.73
Approved refunds/transfers:
Leora Roberts
Refund $ 7,373.41
Carl Benson
Transfer to Essex County $ 75,371.92
John O'Blenis
Transfer to Middlesex $ 1,202.73
Janet Trevor
Transfer to Teachers $ 13,052.16
Robert Manzi; Sr
Refund $ 2,051.15
Jeffery Griffin
Transfer to Wakefield $ 41,332.20
Bernard McNally
Refund $ 80.88
Daniel Tine
Transfer to Middlesex $ 19,246.61
Approved repayment of contributions:
Reading employee, Frederick Jackson received a refund from the Boston Retirement
Board on May 20, 1982 for 4 months service. Total refund plus interest is $419.73. His
is adding this buy back onto his, balance from another refund he received on March 31,
1977.
63 13
Reviewed and approved Vouchers:
Voucher #1999 52
Town of Reading Treasurer
$ 344,600.15 Ret. payroll
53
Town of Reading Treasurer
$ 2,391.10 Staff payroll
54
Transfers to other systems
$ 150,205.62
55
Fidelity Investments
$ 7,373.41
56
Overpayments (Foley & Strazzere)
$ 20.37
57
Boston Post Office Credit Union
$ 2,051.15
58
Bernard McNally
$ 80.88
Treasurer(IRS)
$ 20.22
The Board continued its project to establish Supplementary Regulations concerning military
buyback & pro-rating part-time service and will be discussed further at the next meeting.
PERAC has requested annual pension, annuity amounts and regular compensation that would
have been payable to accidental disability retiree Richard Mullen.
Report on meetings attended:
Richard Foley and Beth Klepeis attended PRIM Board meeting Tuesday July 27, 1999
PERAC Update:
List of 34 applicants for the Director's position.
PERAC Training Services: Pension Legal Issues 8/24,26 or 31.
Board scheduled the September meeting and rescheduled the August meeting to:
August 24, 1999 Tuesday 6:.00 P.M. Accounting Office
September 22, 1999 Wednesday 4:00 P.M. Conference Room
Meeting adjourned 5:25 P.M.
Present: Boissoneau, 'Foley, Klepeis, Veno, Seferian and Cotter.
Henry issoneau, 1st elected
Richard P. Foley,, Ex Offict
kV . Klepeis, 1 S` ointed
eno, 2° elected
Ini. ARIJ9
` Daniel B. Sefe xi, 2° a~jp inted