|Written by Retirement Board Admin|
|Thursday, November 06 2008 08:04|
The Holyoke Contributory Retirement System is one of 106 contributory retirement systems within the Commonwealth of Massachusetts. Chapter 32 of the Massachusetts General Laws defines the benefits, contribution requirements, accounting procedures and funding for all 106 systems. The Public Employee Retirement Administration Commission (PERAC) oversees the systems and ensures that all boards are in compliance with Chapter 32.
The retirement system is funded by an annual appropriation from City departments and from employee contributions. These funds are invested in stocks, bonds, domestic and international equities and real estate.
The Holyoke Retirement Board is responsible for providing all city employees with information regarding benefits and regulations pertaining to retirement, in addition to overseeing the administration of the office. The Board is made up of 5 members; an Ex-Officio member, 2 elected members, 1 member appointed by the Mayor, and 1 member appointed by the other 4 members.
Russell J. McNiff, Chairman Brian G. Smith
Appointed Member Ex Officio Member
John T. McCarthy Daniel R. Owens
Elected Member Elected Member
Jorge L. Neves
Cheryl A. Dugre, Executive Director
Melissa Rodriguez, Administrative Assistant
Erica Stearns, Administrative Assistant
Raymond Depelteau, Chief Investment Officer
20 Korean Veterans Plaza
City Hall Annex, Room 207
Holyoke, MA 01040
|Last Updated on Wednesday, October 05 2011 08:26|