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.

The Board set the 2008 Target Rate of Return at 8%.

The Board will receive a presentation from Fiduciary Investment Advisors, the new investment consulting firm, at their next meeting.