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The Gardner Contributory Retirement Board unanimously approved a Fiscal Year 2027 operating budget of $666,185, an increase of $49,425, or approximately 8%, over the Fiscal Year 2026 budget.
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The approved budget funds the Retirement Board’s operations for the next fiscal year. The increase reflects higher amounts for staff salaries, professional services, education and training, administrative expenses, and travel, as well as a technology coverage payment that was not included in the prior year because it had been prepaid. The board also approved a $865,163.47 warrant, a service-credit buyback priced at $20,516.59, and an amendment allowing the administrator to bank eligible overtime as compensatory time or receive time-and-a-half pay.
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