Retirement Board approves financial reports, rescinds pay-period rule. The Concord Retirement Board voted unanimously on four motions at its August 26 meeting: approval of draft GASB 67 and 68 reports and the 1/1/2026 Valuation Report, both from Stone Consulting; and rescission of a 25-year-old
Concord Retirement Board unanimously approves funding schedule for fiscal year 2028. Chairman Brian Whitney led the five-member board in selecting a contribution plan that pairs initial larger increases with modest annual contributions thereafter to achieve full funding by 2040. The board also
Concord Retirement Board approves $7.4M investment and accepts lower office lease rates. The board unanimously directed the investment of the $7,374,992 annual appropriation to Fixed Income, the PRIT General Allocation Fund, and PRIT Core Real Estate. Board members also unanimously maintained
Concord Retirement Board approves 3 percent COLA for eligible retirees. The board voted unanimously to increase the cost-of-living adjustment for those who retired before June 30, 2025, effective July 1, 2026, on a base of $14,000. Executive Director Jill Hersey noted that the increase follows
Concord Retirement Board approves formal response to Paul Macone's governance transparency concerns. The Board voted unanimously to forward legal counsel's response letter, addressing Macone's questions regarding the executive director's contract, salary increases, stipend deductions, lodging
Retirement Board adopts public records fee policy and lease-extension authority. The board unanimously approved a standardized fee schedule for public records requests, charging no fees for work under one hour and up to $25 per hour for longer requests, with electronic delivery as standard and
Concord Retirement Board backs Roselli & Clark as new audit contractor. The board unanimously approved an agreement with Roselli & Clark to conduct annual retirement system audits beginning calendar year 2025 at $15,000 for CY24, matching the prior rate from CBIZ. In related action, Executive
Concord Retirement Board awards Lazard international equity contract. The board voted unanimously to hire Lazard over Acadian, consolidating the emerging markets portfolio for a term of up to seven years after hearing presentations from both finalists; Fiducient representatives noted Lazard offered
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