BoardDanvers

Retirement Board

Track committee activity, current roster, and published meeting coverage for Retirement Board in Danvers.

0 active membersLast meeting Jul 29, 20266 summaries in 30d

Summaries

Active roster

Latest activity

Aug 18, 2026

Municipality

Danvers

Latest coverage

Retirement Board approves FY27 budget

Published Aug 18, 2026

Related summaries

Published meeting coverage connected to Retirement Board.

Briefing

May 27, 2026

Retirement Board Approves Cash Withdrawal

The board unanimously approved drawing down $500,000 from Kayne Anderson for cash needs, with no other investment allocation changes recommended. It also voted 3-2 to terminate its special legal counsel contract and unanimously moved future meetings to a 9:30 a.m. start.

1 min readMunicipal coverage

Briefing

Apr 29, 2026

Retirement Board Reviews Investment Losses

The retirement system reported an $8.1 million investment loss in March, resulting in a $2.9 million loss for the quarter to date. The board approved annual statements, payroll and expenses, new members, refunds, and a July 31 election date for a board seat.

2 min readMunicipal coverage

Briefing

Mar 25, 2026

Retirement Board Approves Investment and Benefits Actions

The board unanimously approved modest changes to its Investment Policy Statement, including reducing core real estate allocation from 8% to 5% and increasing real estate value-added allocation from 2% to 3%. It also approved a new school Speech and Language Pathology Assistant position for retirement membership, two retirements, new members, buyback and transfer requests, and $1,304,539.60 in March payroll.

1 min readMunicipal coverage

Briefing

Feb 25, 2026

Retirement Board Approves Pension Actions

The board unanimously approved $1 million in transfers to the cash account, along with payroll of $1,296,389.27 and expenses of $919,070.60.

2 min readMunicipal coverage

Briefing

Jan 28, 2026

Retirement Board Approves Portfolio Changes

The board reported a $23.3 million net investment gain for 2025, a 13.8% return, and unanimously approved three portfolio transfers totaling $5.5 million.

1 min readMunicipal coverage

Briefing

Jan 7, 2026

Retirement Board approves FY27 budget

The Danvers Retirement Board unanimously approved a $12,833,016 FY27 budget, including $12,378,100 in actuarially determined appropriations and $454,916 for retirement staff operations and personnel.

2 min readMunicipal coverage