• Annual Retiree Affidavits were mailed early in April and are due back to the Retirement Office by May 31st.   Jo-Ann Anti and Marsha Silva, at the Broad Street office, are both Notaries Public, and can notarize your signature without charge to you.  The office hours are Monday through Friday, 8:30 a.m. to 4:30 p.m.   If you have misplaced your form, please call the office for a replacement (781-331-8721).

MARCH WEYMOUTH RETIREMENT SYSTEM NEWS

The Weymouth Retirement Board voted to award a 3% cost-of-living adjustment, effective July 1, 2008, to eligible retirees. By law, the 3% increase is limited to the first $12,000 of annual Retirement Allowance. Eligible retirees are those who have been retired for at least one year as of June 30, 2008. Weymouth retirees will see the increase paid July 31st.

FEBRUARY WEYMOUTH RETIREMENT SYSTEM NEWS

In a meeting with Mayor Susan Kay, the Board members had an opportunity to introduce themselves and brief the Mayor on the progress made and performance of the fund since withdrawing from the PRIT fund in 2004. Mayor Kay congratulated the Board on the positive results achieved by the Retirement System and that this is a plus for the Town. Board members expressed their desire to continue to operate in the best interest of the members and retirees, and of the community they serve.

January Weymouth Retirement News

The Board voted to hire Fiduciary Investment Advisors to provide investment consulting services beginning February 1, 2008. The Board signed a three-year contract with the firm, having previously conducted an on-site due diligence inspection of their offices. The Board will soon receive an in-depth review of the existing portfolio along with recommendations to enhance the outstanding performance experienced since withdrawal from the PRIT fund in 2004.