Retirement board approves broad consent agenda
The Belmont Contributory Retirement Board voted unanimously to approve a comprehensive consent agenda at its June 29 meeting that included the retirement of Assistant Executive Director Joseph M. Martin, effective October 13 after 10.08 years of service, along with three school department staff
Belmont Contributory Retirement Board · Meeting of June 29, 2026
BELMONT — The Belmont Contributory Retirement Board voted unanimously to approve a comprehensive consent agenda at its June 29 meeting that included the retirement of Assistant Executive Director Joseph M. Martin, effective October 13 after 10.08 years of service, along with three school department staff retirements and the enrollment of five new members. The board processed four transfers of accumulated contributions and approved payment of remaining pension benefits to beneficiaries for deceased members Richard Mello and Arlene Geary.
Chair Thomas Gibson reported the system reached 5.4 percent investment returns as of May 31, approaching the 7 percent assumed rate, and withdrew a spring warrant article proposing a retiree COLA base increase, announcing plans to present multiple funding scenarios at the fall town meeting.
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Source: the Belmont Contributory Retirement Board meeting of June 29, 2026, compiled from the official minutes.
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