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The board appointed NEPC as its investment consultant and approved annual $1,500 stipends for the Town Treasurer and Town Accountant, effective January 1, 2026. It also approved a $52,097.56 benefit adjustment for the surviving spouse of Belmont firefighter Roland Wetherbee.
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The board approved routine retirement administration items, including one retirement application, a new member enrollment, and member benefit and payment actions. Twenty members still have not submitted required retirement enrollment forms; the board granted the School Department a two-week deferral before considering suspension without pay. The board did not finalize an increase to the retiree cost-of-living adjustment base but plans to develop a formal request for Town Meeting, citing a preliminary 2026 investment return of 11.9% compared with a 7.0% assumed rate.
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