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The Retirement Board unanimously approved an updated policy for determining creditable service when members make up previously uncredited Amesbury service. The board also approved up to $750,000 from PRIT for June retiree payroll and disbursements.
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The updated policy will guide how the retirement system calculates service credit for certain make-up purchases. The board approved two retirement applications subject to calculation approval, approved service buybacks totaling $69,898.27, and authorized refunds and withdrawals for several former employees. A member self-service portal will wait until a software upgrade is completed, while a possible increase to the COLA base remains under discussion with no vote taken.
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