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.