Jul 30, 2026BoardMeeting
BoardAmesbury Retirement Board Meeting Minutes
The Board meeting focused on key financial and administrative items, including the presentation of 2026 actuarial valuation preliminary results by KMS Actuaries, LLC, and the adoption of Funding Schedule B-4. The Board addressed new member enrollments, approved multiple buybacks and service transfers, and acted on applications for voluntary superannuation retirement. Additionally, the Board reviewed various monthly payroll warrants, financial reports, and PERAC memorandums. Correspondence regarding legislative updates, COLA reform, and training opportunities was reviewed, and administrative business such as the six-month budget review and a vacation time buyback for the Administrator were conducted.