The meeting agenda includes processing new member enrollments, managing refunds for various employees, handling account transfers to other retirement systems, and reviewing retirements. The Board will also review financial documents, such as payroll and cash disbursements warrants, bank reconciliations, trial balances, and journal entries. Additionally, the Board will review various correspondence, including legislative updates, security training information, PERAC memorandums, and audit exit conference scheduling. Old business items include a reminder of an upcoming investment review by the PRIM Board and a discussion on funding schedules. New business includes establishing a policy for refunding deductions.
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The Board addressed new member enrollments, approved several partial refunds for deductions, and authorized transfers of accounts to other retirement systems. Retirement calculations were approved for multiple individuals. The Board reviewed various financial documents including payroll warrants, cash disbursements, vendor payments, and bank reconciliations. Correspondence regarding legislative updates, cybersecurity training, audit scheduling, and retirement-related phishing scams was noted. In old business, a discussion on increasing the COLA base was tabled pending the hiring of a new CFO, and a new policy regarding the refunding of deductions was approved.
May 28, 2026·Board meeting
Amesbury Retirement Board Meeting Agenda
The board meeting agenda covered various retirement administrative tasks, including new member enrollments, buyback and redeposit requests, service transfers, refund applications, and voluntary superannuation retirements. The meeting also included the review of financial reports, warrants, and various correspondence related to legislative updates, cybersecurity, OPEB reporting, COLA adjustments, and OIG reports. Old business included discussions on the OIG report concerning the Worcester Regional Retirement System and the potential increase of the COLA base.
Apr 30, 2026·Board meeting
Amesbury Retirement Board Board Meeting
The meeting addressed new member enrollments, buyback and redeposit requests for retirement service, and the processing of various transfers and refunds. Retirements were officially acknowledged. The Board reviewed administrative items including payroll and disbursement warrants, bank reconciliations, and trial balances. A significant portion of the meeting involved reviewing multiple PERAC memorandums and extensive correspondence regarding municipal retirement operations, legislative updates, budget presentations, and ongoing discussions concerning COLA reform and specific legal inquiries. Old and new business sessions covered the COLA base increase, PRIT account transfers, portal updates, and the development of updated creditable service policies.
