The board approved a $1,047,545.55 payroll warrant covering pensions, annuities, and other payments. It also agreed to wait one more pay cycle for a missing affidavit before changing a retiree’s direct deposit to a check.

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Briefing

Apr 21, 2026

Retirement Board Approves Pension Payments

The board approved a $1,046,006.36 payroll warrant covering annuities and pensions, along with additional cash disbursements totaling $48,686.10. It also unanimously approved moving forward with a proposed pension software contract, subject to Town Counsel reviewing both the new and current contracts for early-termination penalties.

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Briefing

Mar 17, 2026

Retirement Board Approves 3% COLA

The board unanimously approved a 3% cost-of-living adjustment for eligible retirees and beneficiaries, effective July 1, 2026.

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Briefing

Feb 17, 2026

Retirement Board Reviews Benefits and Payments

The board signed a payroll warrant totaling $1,055,509.38 and a cash disbursement warrant totaling $205,285.27. It scheduled discussion and a vote on the FY2027 cost-of-living adjustment for retirees and survivors at its March 17, 2026 meeting.

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Briefing

Jan 20, 2026

Retirement Board Approves Staff Raises

The board unanimously approved 3% salary increases for the assistant administrator effective March 1, 2026, and the administrator effective March 6, 2026. It also approved warrants totaling $1,324,601.21 for pensions, annuities, and other cash disbursements.

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