The board unanimously approved moving $6.5 million from PRIT Domestic Equity large cap investments: $1.5 million to U.S. investment-grade bonds and $5 million to hedge funds. The retirement system's portfolio was valued at $104.1 million as of April 30, 2026.
Committees mentioned
Open the committee coverage hubs tied to this summary.
Your feedback helps us prioritize what to improve next.
What this means
The approved investment change shifts money among existing retirement-system investments rather than adding new funds. The board also approved an updated Investment Policy Statement, which sets the system's investment guidelines. It approved $206,188.93 in expenses, $696,061.04 in payroll, and two $700,000 account transfers.
Key decisions
Follow the major takeaways from this briefing.
Unanimously approved reallocating $6.5 million from PRIT Domestic Equity large cap investments, with $1.5 million directed to PRIT Core Fixed Income and $5 million to hedge funds.
Unanimously approved the latest Investment Policy Statement drafted by Wainwright Consulting.
Unanimously approved the June 2026 expense warrant for $206,188.93 and the June 30, 2026 payroll warrant for $696,061.04.
Unanimously approved a $700,000 transfer to the M&T money market account and a $700,000 transfer from PRIM to the M&T account.
Unanimously approved four new retirement-system members, three transfers to MTRS, one rollover, and one refund.
Unanimously approved forgiving approximately $30 owed by a recent retiree because of a deduction error.
The board did not suspend a disability retiree's benefits at this time after the retiree delayed submitting required earned-income documentation because of illness.
The Selectboard reappointed Thomas Driscoll as Retirement Board chair for a three-year term.
Timeline & follow-ups
Action items flagged by the community.
No follow-ups have been shared yet. Add one in the community board below.
Meeting information
Details and records from this meeting.
Recent documents
Fresh records from this municipality.
Civic leadership
Know who to contact about the decisions that matter.