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WEYMOUTH RETIREMENT BOARD SEPTEMBER/OCTOBER NEWS |
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The Weymouth Retirement Board asks our readers to join them in remembering Francesco S. Lagrotteria, "Frank Lag", who passed away on October 10, 2009. Frank held a seat on the Retirement Board from 1982 through his passing, first as an appointed trustee, and then serving many terms as a member elected by the active and retired membership of the System. Frank retired from his position as Director of Public Works, after 38 years of public service, on June 30, 1994. Frank was a Korean War Army Veteran. His service to the Weymouth Rotary Club, South Shore Savings Bank, South Shore Hospital, and the Massachusetts Highway Association, in addition to the Retirement Board, exemplified the commitment he had to his community.
On October 26th, the Board conducted annual interviews with all but the two newest Fixed Income managers. Bradford & Marzec and Income Research and Management will be in to meet with the Board later in the winter, after they have a few more months of management on which to report. Results for the other managers are positive for the year to date, with the exception of real estate sectors, which are slower to recover. Please see the updated Asset Allocation for the System on the "Pension Assets" page of this web site.
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