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2012-08-27-RB-min
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2012-08-27-RB-min
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Minutes - RB - Retirement Board
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second by Joe and voted unanimously to liquidate Artio and transfer the funds to <br />Fiduciary Large Cap. <br />Charles Sortino's attorney has forwarded a Workers Comp draft settlement agreement. It <br />was agreed to pass it along to Attorney Mike Sacco to review. <br />There was a response from Lorraine Gryp regarding tutors who may seek buybacks and <br />the potential liability. Lorraine reported that most have already retired, there were 5 <br />actives in Lexington and it was difficult to know about the ones who left Lexington. Bob <br />suggested granting the buyback to the 1 person who made the initial request. There was a <br />motion by Bob, second by Alan and voted unanimously to grant the buyback. <br />There was a request from Arlington Retirement for Lexington Retirement to accept <br />liability for Charles Carneli who is seeking to buyback Lexington dispatch time. The <br />Board voted unanimously to deny the request. <br />The Board discussed the PERAC memos for the proposed increases for Ch. 32 s. 12(2)(d) <br />benefits from $250 - $500 monthly & s. 101 benefits from $750 - $1,000 monthly. Both <br />need Local Option acceptance. The Board agreed to reserve 2 articles for the next Town <br />Meeting. <br />The Board voted to go into Executive Session for the discussion of Administration salary <br />increase and salary and hourly increase for Karen. <br />A motion made, second and approved unanimously to adjourn regular meeting at 10:10. <br />The next meeting will be held September 27, 2012, 8:00 AM at Cary Memorial Library. <br />Absent <br />Robert W. Cunha, Chairman <br />Robert Addelson, Ex Officio Member <br />Michael McNabb, Appointed Member <br />Joseph Foley, Elected Member <br />Alan Fields, Appointed Member <br />
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