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The Retirement Board unanimously invoked the Needham Bill and will not seek repayment of previously paid benefits from police retirees who retired on or after 2018 when their calculations included a retirement-eligible stipend.
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The decision means affected police retirees will not be asked to return retirement benefits previously paid under calculations that included the stipend. The Board also approved a $675,620.24 payroll warrant, a $146,009.14 expense warrant, and two fund transfers totaling $1.4 million.
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