HomeMy WebLinkAbout1966-12-20-RB-min.pdf A_ meeting of the Lexington Board of r ct i r n was •1 'rte ., lay
December 20, 1966 in the office of the Town Cosi}troller at 7:30 P.M.
Present: George P. Morey, Chairman; Walter F. Spellman,
Richard M. Perry, Secretary
The followiing voudhers were approved and signed:
No.98 Boihhie Ward Brill, Withdrawal, School $ 39.91
99 Claire M. McCarthy, Withdrawal, School 117.35
100 Lloyd R. Livermore, Jr. , Withcfawal, Pub. ?bborks 384..03
101 Gordon W. Robinson, Withdrawal, Call Fireman L59. 13
102 Payroll, Monthly Retirement Allowances 7,549.63
103 Mary R. McDonough, Monthly Stipend - Treasurer 20. 00
104 Richard M. Perry, MontIlly Stipend - Secretary 20.00
105 Donald Lovett, Withdrawal, School 4.78
Total $8,594.83
The following were approved for membership:
10) 4 Georgean Hopwood, School, secretary
10L5 Daniel J. McCarthy, Public orks, Laborer
104 Ann Marie Franc, School, Switchboard Operator
1.047 Ellen D. Smith, Schaaf), Teacher Asst.
104.8 Gerald A. Morgan, School Custodian
1049 Roy J. Morgan, Police, patrolman
1050 William C. Petrino, Police, patrolman
On a motion by the Charman, it was unanimously toted to
sell the following stocks, through the F. S. Mogely '& C.o. :
300 shares - The Hanover Insurance Company
116 shares - Continental Insurance Company
100 shares - Westchester Fire Insurance Company
The attached report was approved for insertion in the 1966
Town Report ( part I ) .
No further business to come before this meeting it was voted
to adjourn at 8300 P. M.
Respec5fully submitted
Richard M. Perry
Secretary
RitWOVIVIS00100401WITL
The To of Lexington Contributory Retirement yete,; exists
under Chapter 312., Sections 1-7X of the lemoral Law ofl;:estschusetts
end provides for pensions and disability payments of all regular
employees exoePt teacher*, - ho hove their oen plan* Tlembers of
the System contribute S per cent of their salary or wages towards
funding* aoh year the Torn , octing votes eA appropriation, to tho
Pension Fund (.1442214W-44euese=0468664‘), hich i* pert of the total
retirement ellowence paid to retiree**
The rystem la red by a board oonsisting or three ItAlmbera
****the Tow. Acsountant, or other of:floor having similar povers end
IJ ixties, shell be a memblar ex-officio, and a second sel!Lber who
ted shell
be sleeted cembers In service of such system from Among their
number , ,Por a term not oyceedint three years, L4n1 A third ember
aho sjtall be sppointed . .by the Poem* et Leieft$;on. Lexinzton
this mmtaber It usually the Chairmen of the trust.410e of the Fublie
Trust**
The assets ot the Lexington RetirentTit Fysto , currently about
$1.000,0000 •1! invested in securities legal for save banks in
Veseechusetts* These Rre aaiiD*E* Trealmry, railroad. utility
and telephone bond* end bank ond Intl:rano* *took*, A yesr-end
bsisnee sheet 1 published it the Toes Wert and enc idil be found it
Part TT of t report*