The Retirement Board is comprised of five members. Two members are elected from among the general membership of the retirement system. A third member is appointed by the Town Administrator. The fourth member is the ex-officio member. This would be the current person serving as the Town Accountant. The fifth member is appointed to the Board by the other four members.
The elected members and the appointed members serve three year terms. The ex-officio member serves for an indefinite period at the will of the Commission. The Retirement Board is vested with the fiduciary duty to manage the system and its funds in the best interest of its members. The Board has primary responsibility for investing the funds in the best combination of return and minimum risk. The Board sets general policy in all matters not explicitly set out in M.G.L. Chapter 32. The Board also hears and decides the outcome of applications for disability.
The current makeup of the Board is:
Bernard A. Pinsonnault, Appointed Member (by Board members)
Chairman
Term: July 1, 2009-June 30, 2012
Correspondence may be addressed:
c/o Adams Retirement System
8 Park Street
Adams, MA 01220
Allen Mendel - Elected Member
Term: July 1, 2009 to June 30, 2012
Correspondence may be addressed:
c/o Adams Retirement System
8 Park Street
Adams, MA 01220
David Clark - Elected Member - Sergeant Adams Police Department
Term: May 25, 2011 to June 30, 2013
Correspondence may be addressed:
c/o Adams Retirement System
8 Park Street
Adams, MA 01220
Francis J. Wojtaszek - Appointed Member (Town Administrator)
Term: July 1, 2011 to June 30, 2014
Correspondence may be addressed:
c/o Adams Retirement System
8 Park Street
Adams, MA 01220
Mary Beverly - Adams Town Accountant
Ex-Officio Member
Correspondence may be addressed:
c/o Adams Retirement System
8 Park Street
Adams, MA 01220
The Retirement Board Administrator handles the daily operations of the Board, reporting to the Chairman. These duties include monthly payroll for the Retirees, monthly accounting and reconciling of the Retirement Board books, weekly deduction posting for all active members, keeping all records and information updated and various other duties.
The Retirement Board is open Monday through Friday from 8:30 am until 4:00 PM.
The current staff:
Cheryl J. Lillie - Board Administrator
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