BoardSwampscott

Retirement Board

Track committee activity, current roster, and published meeting coverage for Retirement Board in Swampscott.

0 active membersLast meeting Jul 28, 20266 summaries in 30d

Summaries

Active roster

Latest activity

Aug 21, 2026

Municipality

Swampscott

Latest coverage

Retirement Board Delays 2026 Budget Decision

Published Aug 21, 2026

Related summaries

Published meeting coverage connected to Retirement Board.

Briefing

Jun 23, 2026

Retirement Board shifts $6.5 million

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.

2 min readMunicipal coverage

Briefing

May 26, 2026

Retirees Approved for 3% COLA Increase

The Retirement Board unanimously approved a 3% cost-of-living adjustment for retirees in the Swampscott Contributory Retirement System, effective July 1, 2026. It also approved reallocating $3.5 million from domestic equities: $1.5 million to investment-grade bonds and $2 million to hedge funds.

2 min readMunicipal coverage

Briefing

Apr 28, 2026

Retirement Board Awards Actuarial Contract

The board unanimously awarded its actuarial services contract to Segal Consulting after comparing five firms. Investment advisers also recommended moving $6.5 million from PRIT Domestic Equity into US Investment Grade Bonds and Hedge Funds, beginning with a $3.5 million transfer.

1 min readMunicipal coverage

Briefing

Mar 24, 2026

Retirement board approves 2026 budget

The Retirement Board unanimously approved its 2026 budget and financial items including $985,?; the retirement system’s fund was valued at $102,740,899 as of January 31, 2026.

2 min readMunicipal coverage

Briefing

Feb 24, 2026

Board Waives Repayment of Retirement Benefits

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.

1 min readMunicipal coverage

Briefing

Jan 27, 2026

Retirement Board Delays 2026 Budget Decision

The Board tabled its 2026 budget until it reviews proposals from actuarial consultants. Members interviewed five firms and the chair will check references for three of them. The Board also approved a $679,697.80 payroll warrant and $24,879.27 in expenses.

1 min readMunicipal coverage