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Town of Adams, Massachusetts

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Retirement Board
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:

Allen J. Mendel, Elected Member—Retired Police Officer
Term: July 1, 2016 - June 30, 2019
Correspondence may be addressed:
c/o Adams Retirment System
3 Hoosac Street
Adams, MA 01220

Goerge Haddad - Elected Member – Retired Selectmen
Term: July 1, 2016 - June 30, 2019
Correspondence may be addressed:
c/o Adams Retirement System
3 Hoosac Street
Adams, MA 01220

Beth Matson, Appointed Member (by Board members)
Administrator of North Adams Retirement Board
Term: July 1, 2018 -June 30, 2021
Correspondence may be addressed:
c/o Adams Retirement System
3 Hoosac Street
Adams, MA 01220

Patricia Wol - Appointed Member (Board of Selectmen) - Retired
Term:  July 1, 2018 - June 30, 2021
Correpsondence may be addressed:
c/o Adams Retirement System
3 Hoosac Street
Adams, MA

Mary A. Beverly, Ex Officio-Town Accountant
Term: 4/14/03 - Indefinite
Correspondence may be addressed:
c/o Adams Retirement System
8 Park Street
Adams, MA  01220

The current staff:

Cheryl J. Demarsico - Board Administrator
email correspondence to retire@town.adams.ma.us

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.