HomeMy WebLinkAbout1999-02-16 Retirement Board MinutesThe Reading Contributory Retirement Board held a meeting on February 16, 1999, Conference
Room, Town Hall, Reading, Massachusetts.
Meeting called to order @ 9:00 A.M.
The Board accepted applications for retirement pending approval of PERAC for:
Thomas F. Fennelly, Water Department, as of 1-Feb-99, Superannuation Option B.
"Tri-party agreement to secure Reading, MA town employees' Federal Credit Union loan to
Thomas A. Fennelly" to be approved subject to the approval of Mrs. Fennellys' lawyer.
The Board reviewed the following:
Joseph Tine v. Reading Retirement Board decision and the Appeals Court decision of
DuPont v. Commissioners of Essex County (PERAC Memo #12/1999) with counsel
Theodore Cohen.
The Retirement Board voted 3 to 0 to file with CRAB for reconsideration regarding the Tine
decision. The Board wishes to call CRAB's attention to the DuPont decision, requesting that
CRAB review the hearing officer's decision in light of DuPont. The Board's concern is solely
whether it has jurisdiction to hold a hearing.
Vincent Zaccardi has been contacted and is interested in the open position on the Reading
Retirement Board. A letter was sent to Merrill Lynch.
The next Reading Retirement Board meeting scheduled for February 25, 1999 at 9:00 A.M.
Meeting adjourned at 10:03.
Present: Klepeis, Foley, Boissoneau, Cohen and Cotter.
r~
Henn . Booissoneau, 1st elected
Richard P. Foley, Ex .O icio
LIV,
Eliz~tht Klepeis 1st ap ointed