HomeMy WebLinkAbout1999-06-24 Retirement Board MinutesThe Reading Contributory Retirement Board held, a meeting on June 24, 1999
Accounting/Treasurers Office, Town Hall, Reading, Massachusetts.
Meeting called to order at 6:05 P.M.
Minutes from May 27, 1999 meeting were read and accepted.
Minutes from April 22, 1999 meeting were signed by board members.
Approved new membership for:
Cheryl Joyce Assessors Office 9%
Thomas Pszenny, Jr Dispatcher 9%
Paula O'Leary RMLD 9%
Steven Perry RMLD 7% (IV, Littleton Light 6/77)
Approved retirement applications for:
John Sousa May 31, 1999 Option B
Approved refunds/transfers:
Jolyn Ek
$ 12,024.57 Rollover to Scudder
Carol DeCost
$ 11,734.96 Transfer to Barnstable Cty
Carolyn Walsh
$ 4,77031 Refund
John Theriault
$ 3,540.07 Refund
Joseph Ciccotelli
$ 28,518.91 Transfer to Essex Cty
Approved PERAC authorized Option C "Pop-up" calculation for:
Albert Heselton
$88.83 monthly increase effective 7/1/98.
William Dewsnap
$162.78 monthly increase effective 7/1/98.
Approved PERAC authorized retirement calculation for:
Gael Desmond
Annuity
$ 2,997.00
Pension
$ 8,107.08
Yearly
$ 11,104.08
Monthly
$ 925.34
Elinor Mello
Annuity
$ 1,451.52
Pension
$ 3,041.64
Yearly
$ 4,493.16
Monthly
$ 374.43
John Sousa
Annuity
$ 4,105.32
Pension
$ 16,627.56
Yearly
$ 20,732.88
Monthly
$ 1,727.74
Reviewed and approved Vouchers:
Voucher 4199944
45
46
47
48
49
50
51
Town of Reading Treasurer
Town of Reading Treasurer
Barnstable County
Town of Reading Treasurer
Scudder Trust Company
Carolyn Walsh
IRS
John Theriault
IRS
Town of Reading Treasurer
Essex County
$ 336,497.55
Ret. payroll
$ 3,237.82
Staff payroll
$ 11,734.96
DeCost
$ 304.42
Advertising
$ 12,024.57
Ek
$ 4,770.31
$ 1,192.58
$ 3,540.07
$ 1,022.38
$ 549.45
$ owed Town
$ 28,518.91
Ciccotelli
Approved revised pensions for the following RMLD employees due to December contract settlement: J.
Sullivan increase of $2.88 per year, D. Cummings $2.16 per year, D. Foley $3.48 per year.
John Louanis has not responded to the certified letter I sent him concerning the Option C Pop-up benefit,
which he is due. His son signed for the letter.
Approved the request from Donald McGillicuddy for the allowance of creditable service from Reading.
He worked for Reading: 1956 DPW $1.20 per hour for 12 weeks and 1959 Recreation Department $1.30
(est) per hour for 9 weeks.
The board continued its discussion about drafting regulations for pro-rating part-time service and terms
of payment for military buyback.
Reviewed "PERAC Memo Summary".
Board scheduled the next two board meetings:
July 28, 1999 Wednesday 4:00 P.M. Conference Room
August 25, 1999 Wednesday 6:00 P.M. Accounting Office
Meeting adjourned 7:30 P.M.
Present: Boissoneau, Foley, Klepeis, Veno, Seferian and Cotter.
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Henryl.,goissoneau, Ist elected
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Richard P. Foley, Ex Oticio
W. Klepeis. 1
JAAW R. Veno, 2' elected
Dan-~1. B