Quick context to catch up fast.
The Worcester Retirement Board voted 4-0 to retain Segal Co. for actuarial services. It also approved December retiree benefits totaling $8,874,542.63 and other warrants.
Open the committee coverage hubs tied to this summary.
Was this summary helpful?
Your feedback helps us prioritize what to improve next.
Segal Co. will provide actuarial services for the retirement system, helping calculate and evaluate pension obligations. The Board approved presented superannuation benefits, although those benefits still require final approval by P.E.R.A.C. The Board also reviewed its budget and financial reports and filed a letter concerning GIP after determining that the requested action was outside its authority and could require selling at a large loss.
Follow the major takeaways from this briefing.
Action items flagged by the community.
No follow-ups have been shared yet. Add one in the community board below.
Details and records from this meeting.
Fresh records from this municipality.
Know who to contact about the decisions that matter.