Junta de Retiro Contributivo – 29 ene 2026

jueves, 29 de enero de 2026

Dónde: No aparece en el Centro de Agendas de la ciudad
Hora: No indicada

Qué se decidió

The board approved refunds and rollovers, transfers, new members, financial reports, and monthly warrants. It also approved a 5% base salary increase for the Executive Director and a $5,000 market adjustment plus 5% COLA for the Assistant Director, both effective January 1, 2026. The board approved the 2026 budget with an amended salary line from $215,087.08 to $231,087.08, and postponed a vote on the COLA percentage for retirees until a future meeting.

Decisiones registradas

Approved the December 16, 2025 meeting minutes, 3-0, with Donna Matarazzo abstaining.
Approved refunds and rollovers for Christopher Auld Moroni and Dianna Militello, 4-0.
Approved transfers for Demiana Ramzy, Deanna Atwood, Margaret Dyer, and William Buonopane, 4-0.
Approved new members Myles Wright, Maribel Jimenez, Daleon Fashaw, Keith Sonia, Julia Long, and Liane De Paula Lopes Ayres, 4-0.
Approved financial information including cash books and PRIT statements for November and December 2025, 4-0.
Approved the Retiree Payroll Warrant of $1,402,690.87 and Cash Disbursements Warrant of $226,844.61, 4-0.
Approved a 5% base salary increase for the Executive Director effective January 1, 2026, 5-0.
Approved a $5,000 market adjustment and 5% COLA increase to base salary for the Assistant Director effective January 1, 2026, 5-0.
Approved the 2026 budget as distributed with an amendment to the salary line from $215,087.08 to $231,087.08, 5-0.

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BEVERLY CONTRIBUTORY RETIREMENT BOARD

MEETING MINUTES

January 29, 2026

The Beverly Retirement Board held an in-person meeting at 275 Rantoul Street, Beverly, MA on January 29th 2026. Individuals present were Bryant Ayles, Kevin Smith, Wes Slate, Donna Matarazzo, Adam Travinski, and Meaghan McLaughlin. The Meeting was called to order at 6:01 P.M. Kevin Harutunian entered the Meeting at 6:11 P.M.

NEW BUSINESS:

OPEB UPDATE: No update this month.
SUPERANNUATION RETIREMENT APPLICATIONS: None.
APPROVE MINUTES OF: - December 16th 2025 Meeting

MOTION BY: Wes Slate SECONDED BY: Kevin Smith Vote 3-0 in favor, Donna Matarazzo abstained.

REFUNDS/ ROLLOVERS: - Christopher Auld Moroni, Para with 12 years and 5 months of service. Partial Rollover to Fidelity, partial Refund to Member. - Dianna Militello, Custodian with 5 years and 5 months of service. Rollover to Fidelity.

MOTION BY: Wes Slate SECONDED BY: Donna Matarazzo Vote 4-0 in favor.

TRANSFERS: - Demiana Ramzy, Para with 1 year and 6 months of service. Transfer to Danvers. - Deanna Atwood, Housing with 7 years of service. Transfer to Danvers. - Margaret Dyer, Para with 3 years and 3 months of service. Transfer to Essex Regional. - William Buonopane, DPW with 4 months of service. Transfer to Essex Regional.

MOTION BY: Wes Slate SECONDED BY: Donna Matarazzo Vote 4-0 in favor.

NEW MEMBERS: - Myles Wright- Housing Authority - Maribel Jimenez- Housing Authority - Daleon Fashaw- ROTC Instructor - Keith Sonia- City Council - Julia Long- Chief of Staff - Liane De Paula Lopes Ayres- Para

MOTION BY: Kevin Smith SECONDED BY: Donna Matarazzo Vote 4-0 in favor.

FINANCIAL INFORMATION: - Cash Books consisting of Cash Reconciliation, Cash Receipts, Cash Disbursements, Trial Balance, General Ledger, and Adjusting Journal Entries for November and December 2025. - PRIT Statement """ November 2025 and December 2025.

MOTION BY: Wes Slate SECONDED BY: Donna Matarazzo Vote 4-0 in favor.

MONTHLY WARRANTS: - RETIREE PAYROLL WARRANT: $1,402,690.87 - CASH DISBURSEMENTS WARRANT: $226,844.61

MOTION BY: Wes Slate SECONDED BY: Donna Matarazzo Vote 4-0 in favor.

OLD BUSINESS:

STAFF PREFORMANCE REVIEW:

The Board reviewed the staff performance review that was distributed by the Director. Adam went through Meaghan's staff performance with her, and she signed off on it. The review included ratings on subjects pertinent to her job title and her goals/ objectives for the year ahead. Adam listed his complete projects that he has met throughout his time this first year in Beverly, as well as his goals for the Department going forward.

The Board members liked the template/ outline used for staff performance to be used going forward each year. Bryant asked that staff add "continue to deliver customer service" under goals for future evaluations. Wes would like "mentoring staff" to be added to the Director's goals for 2026. Kevin Harutunian would like to see a goal for office staff listed that pertains to continuing to build relationships with Board Members, beyond just the monthly Board Meetings.

Board Members had a lengthy discussion about the staff salaries and increases for both Adam and Meaghan.

The Chairman entertained a Motion to grant the Executive Director a 5% increase to the base salary, effective January 1, 2026.

MOTION BY: Wes Slate SECONDED BY: Donna Matarazzo Vote 5-0 in favor.

The Chairman entertained a Motion to grant the Assistant Director a $5,000 Market Adjustment with a 5% COLA increase to base salary, effective January 1, 2026.

MOTION BY: Donna Matarazzo SECONDED BY: Wes Slate Vote 5-0 in favor.

BUDGET TO ACTUAL FOR 2025/ 2026 BUDGET

The Director distributed the budget to actual for 2025 and noted it was just under $30,000.

The Chairman entertained a Motion to approve the 2026 Budget as distributed with an amendment to the salary line from $215,087.08 to $231,087.08

MOTION BY: Wes Slate SECONDED BY: Donna Matarazzo Vote 5-0 in favor.

DIRECTOR'S UPDATE:

Retiree Payroll - 1ST month report

Adam informed the Board that all went smoothly for the Retiree Payroll this month with the exception of one issue with the Positive Pay File for Cash Disbursements. The issue was corrected and the Bank accepted the file.

The following items were distributed and reviewed by the Board: PERAC Memo #34/2025- PERAC Memo#1/2026- PERAC Memo#2/2026- PERAC Memo#3/2026- PERAC Memo#4/2026- PERAC Memo#5/2026. PERAC Memo #6/2026. PERAC Memo#7/ 2026- PERAC Memo#8/2026. The Director noted to the Board that PERAC Memo #5/ 2026 lists that Social Security announced that their COLA is 2.8% however, the Retirement Board can increase it up to 3% upon approval and vote at a Meeting prior to June 2026. Adam asked if the Board would like to proceed now with this vote or wait for further discussion. Bryant asked that this item be discussed at a later date, so the Board has proper time to review and discuss. The Director will keep it on the Agenda for February and go forward until the Board is ready to vote on the matter. Wes asked the Director to include a dollar amount for each base whether it be 2.8% vs. 3.0%.

NEXT MEETING: Thursday, February 26th 2025 at 6:00 P.M.

As there was no further business to come before the Beverly Retirement Board the Meeting was adjourned at 7:25 P.M.

MOTION BY: Wes Slate SECONDED BY: Donna Matarazzo Vote 5-0 in favor.

Respectfully Submitted, Meaghan McLaughlin

Bryant Ayles, Chairman, Appointed Member

Donna Matarazzo, Ex- Officio

Kevin Smith, Elected Member

D. Wesley Slate Jr., Elected Member

Kevin Harutunian, Fifth Member

Actas publicadas en el sitio web de la ciudad (PDF, 232 KB, en inglés). Copia guardada (se abre en una pestaña nueva), guardada el 1 de octubre de 2026.

Agenda

No se guardó aquí una copia de la agenda. Está en el sitio web de la ciudad (se abre en una pestaña nueva).

Términos usados aquí

ajuste por costo de vida (COLA): Ajuste por costo de vida (cost-of-living adjustment): un aumento del sueldo o de la pensión para compensar la subida de los precios.
Comisión de Administración de Jubilaciones de Empleados Públicos (PERAC): Comisión de Administración de Jubilaciones de Empleados Públicos (Public Employee Retirement Administration Commission), la agencia estatal que supervisa los sistemas públicos de jubilación de Massachusetts.
Fideicomiso de Inversión de las Reservas de Pensiones (PRIT): Fideicomiso de Inversión de las Reservas de Pensiones (Pension Reserves Investment Trust), el fondo de inversión del estado en el que pueden invertir los sistemas locales de jubilación.
jubilación por edad (superannuation): Jubilación por la edad y los años de servicio, y no por discapacidad.

Todos los términos del glosario

Fuente

La agenda de esta reunión en el Centro de Agendas de la Ciudad de Beverly (se abre en una pestaña nueva). Beverly Publick la registró por primera vez el 1 de octubre de 2026.