The Retirement Board Office will hold the next Board meeting Tuesday, December 16, 2014 at 8:00 am. This meeting will be held at 8:00 am in the Retirement Board offices at 23 Midstate Drive, Auburn.
ALL MEMBERS of the WORCESTER REGIONAL RETIREMENT SYSTEM
Please be advised that the Worcester Regional Retirement System has concluded the election for membership on the Retirement Board which term expires on December 31, 2017. The results are as follows:
Ballots were counted on December 4, 2014. Robert P. Sullivan received 310 votes. Michael Donoghue received 2,079 votes and has been declared the winner.
Please be advised that the Worcester Regional Retirement Board, at its meeting on February 18, 2014, voted unanimously to grant a 3% Cost of Living Adjustment to the retirees and beneficiaries of the system. As you may be aware, state law limits the cost of living adjustment to the established base. For our system, the base is currently set at the first $14,000.00 of the retirement allowance thereby capping the COLA at $420.00 This COLA will be effective as of July 1, 2014 and will be reflected in the July 31, 2014 check.