Member News: The Retirement Board Office will hold the next Board meeting Tuesday, June 28, 2016. This meeting will be held at 8:30 am in the Retirement Board offices at 23 Midstate Drive, Auburn.
ADVISORY COUNCIL MEETING
Please be advised that a meeting of the Worcester Regional Retirement System Advisory Council will be held on Monday, June 27, 2016 at 10:00 am in the retirement system offices in Auburn.
Pursuant to GL c.34B §19 (5) (g) the Advisory Council will vote to certify the FY 2017 budget.
- Call to Order.
- Pursuant to GL c.34B §19 (5) (g) vote to certify the FY 2017 budget unanimously adopted by the retirement board at its May 24, 2016 meeting.
Please be advised that the Worcester Regional Retirement Board, at its meeting on April 26, 2016 granted of a 3% cost of living adjustment (COLA) to its retired members pursuant to the provisions of said G.L. c.32 s103(i), to be effective as of July 1, 2016.
CERTIFICATION OF ELECTION
Pursuant to the provisions of M.G.L. c.34B s.19 a special meeting of the Worcester Regional Retirement System Advisory Council was held on November 23, 2015 for the purpose of electing the second member of the Retirement Board.
June Hubbard-Ward has been elected to serve the three year term commencing January 1, 2016.
Please be advised that the Worcester Regional Retirement Board, at its meeting on October 28, 2014, voted unanimously to accept the provisions of paragraph (d) of Section 18 of Chapter 188 of the Acts of 2010 and increased the maximum base upon which the cost of living is calculated to 16,000 effective July 1, 2015.