Belmont Contributory Retirement Board

Belmont Contributory Retirement Board withdraws COLA base increase from warrant. Chair Thomas Gibson reported that the board unanimously voted to remove Warrant Article 17, which sought to increase the COLA base to $15,000, following lack of support from the Select Board, Warrant Committee, and

The Belmont Contributory Retirement Board unanimously voted to post its director position as Joseph Martin plans fall retirement. The board will advertise on the PERAC Website and through Massachusetts Municipal Accounting, Auditors and Accountants, and Treasurers and Collectors websites to allow

Belmont's Contributory Retirement Board conditionally approved a deferred-cost COLA benefit funding plan. The board voted to adopt Option #3, which reduces the fiscal 2027 appropriation to $11.8 million and extends the full funding date to fiscal 2032, contingent on Town Meeting approval of Article

Belmont Retirement Board approves 3 percent COLA increase for qualifying retirees. The board voted unanimously to grant a 3 percent Cost-of-Living Adjustment on the first $13,000 of retirement allowances, effective July 1, 2026. Board Chair Thomas Gibson led a separate unanimous vote to increase

The Belmont Contributory Retirement Board selects new legal counsel in RFP decision. The Board voted 4-1 to hire attorney Kathleen Kiely-Becchetti of KKB Law Group as primary counsel, with attorneys Michael Sacco and Katherine Hesse retained as backup, citing Kiely-Becchetti's lower fees and 32