Retirement News

August 1, 2014

2013 Annual Report – Taunton ranks among the top

The Public Employee Retirement Administration Commission (PERAC) recently published its Annual Report which details the financial health of all Massachusetts Public Employee Retirement Systems.

Taunton finished strong in 2013.Taunton posted a +19.06% return for 2013 and ranked #14 out of 105 systems for the year. Since 1985, which measures a 29-year period, Taunton has earned an annualized return of +9.95% tying it for 6th place out 105 retirement systems. ... Read Full Article

December 29, 2013

Board Approves Cost-of-Living Adjustment (COLA)

At a meeting of the Taunton Retirement Board on December 20, 2013, a motion was made by boardmember Richard T. Avila, seconded by boardmember Peter H. Corr and the Board unanimously voted to approve an increase in the COLA from 1.5% to 3% up to the first $14,000 (base) of the retirement allowance. This will be effective as of July 1, 2014 and payable with July 31, 2014’s checks. Eligible retirees and survivors to receive the COLA will be those with a retirement date on or before... Read Full Article

December 11, 2013

Retirement Board to Review COLA

The Taunton Retirement Board will meet on December 20, 2013 to review the feasibility of granting a Cost-of-Living Adjustment (COLA) to retirees and survivors of the system. The Consumer Price Index (CPI) was recently calculated for social security recipients and was set at 1.7%. The Board will review increasing the 1.7% CPI amount up to 3% which is the maximum rate allowed by state law. The 3% can only be applied up to the first $14,000 (base) of the retirement allowance.... Read Full Article

November 4, 2013

Request for Proposals: Actuarial Consulting Services

Pursuant to best-practices policy guidelines, the Taunton Retirement Board is requesting proposals for Actuarial Consulting Services to conduct an actuarial valuation of the City of Taunton Contributory Retirement System.

A copy of the Requests for Proposals may be obtained by calling (508) 821-1052 or via email at pslivinski@tauntonretirement.com.

Proposals are due on or before 3:00 p.m. on December 10, 2013 and should be sent to:Taunton Retirement Board

Mr. Paul J. Slivinski,... Read Full Article

October 25, 2013

Corr Re-elected to Retirement Board

Incumbent and retired police officer Peter H. Corr was re-elected at the October 24, 2013 retirement board election. In a close battle, Corr held off challenger Dennis M. Smith, an active Taunton police officer and detective. A record number of members and retirees cast ballots. The final results of the election were as follows:

Peter H. Corr - 543 Votes
Dennis M. Smith - 453 Votes
Disqualified Ballots - 1
Total Ballots - 997

"As election officer, I would like to thank all... Read Full Article

October 4, 2013

Retirement Board Election Information

The upcoming election for the Taunton Retirement Board will take place on October 24, 2013 at the retirement board office polling place located at 40 Dean St., Unit 3, Taunton, MA.

If you cannot physically vote on October 24th, you may request an absentee ballot for the following reasons:

I will be absent from the city where the polling place is located during 7:30 a.m. to 5:30 p.m. on 10/24/2013.
I will be unable to cast my vote in person on 10/24/2013 for reason of religious belief.
I... Read Full Article

September 23, 2013

Notice of Election - October 24, 2013

An election will be held on Thursday, October 24, 2013 for the purpose of electing one board member to serve on the five-member Taunton Retirement Board for a term of three (3) years, said term to run from January 1, 2014 thru December 31, 2016. All eligible active and inactive members will vote at the Taunton Retirement Board offices, 40 Dean Street, Unit 3, Taunton, MA. from 7:30 a.m. to 5:30 p.m. Mark your calendar now and VOTE for the candidate of your choice on... Read Full Article

July 3, 2013

Notice of Election

TO THE ACTIVE & RETIRED MEMBERS OF THE TAUNTON RETIREMENT SYSTEM

The term of current elected member Peter H. Corr will expire on December 31, 2013. Therefore, an election will be scheduled for Thursday, October 24, 2013 for the purpose of electing one board member to serve on the five-member Taunton Retirement Board for a term of three (3) years, said term to run from January 1, 2014 thru December 31, 2016.

All holding membership in the Taunton Retirement System may qualify... Read Full Article

December 31, 2012

Board Approves 2013 COLA Increase

The Taunton Retirement Board voted December 21, 2012 to raise the COLA from 1.7% to 3% and grant the raise effective July 1, 2013 for all eligible retirees and survivors. Taunton’s COLA base is $14,000.

October 31, 2012

Taunton Contributory Retirement Board

REQUEST FOR PROPOSALS: PORTFOLIO MONITORING SERVICES

Pursuant to best-practices policy guidelines, the Taunton Retirement Board is seeking qualified law firms to provide portfolio monitoring and fraud litigation services for the City of Taunton Contributory Retirement System.

A copy of the Requests for Proposals may be obtained by calling (508) 821-1052 or via email at pslivinski@tauntonretirement.com.

Proposals are due on or before 12:00 Noon on November 28, 2012 and... Read Full Article