Congratulations to Polen Capital – they are still our Large Cap Growth manager!

Polen Capital’s 3-year numbers lead the pack, so it was an easy decision for the Board of the Franklin Regional Retirement System to vote today (November 30, 2016) to go another 7 years with these fine folks.

There were some very impressive numbers with the other 23 respondents. Thank you all for your interest.

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Small Cap Core managers to be interviewed January 18, 2017

Congratulations to the following firms which have been selected as small cap finalists for the Franklin Regional Retirement System.   Presentations are scheduled for January 18, 2017 at the retirement board’s office located at 278 Main Street, Suite 311, Greenfield, MA  01301.
The schedule is as follows:
8:30-9:00  Aberdeen Asset Management
9:00-9:30  BMO Global Asset Management
9:30-10:00  Federated Investors
10:00-10:30  Fidelity Institutional
Many thanks to to the 35 other very fine respondents.
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October 25, 2016 Regular Board Meeting Minutes Uploaded

The minutes of the October 25, 2016 Board meeting have been uploaded to the 2016 minutes page. Click here to view.

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Agenda for the Wednesday, November 30, 2016 Regular Board Meeting has been uploaded.

Click here to view the agenda for the Wednesday, November 30, 2016 Regular Board Meeting.

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Election 2016 has three nominees.

The nomination papers of the following candidates have been approved and there will be an election starting next week for the fourth board member position on the retirement board. Voting is by mail-in ballot and is restricted to members and retirees of this retirement system. Please watch the mail for a ballot to be delivered to you, which you will mark appropriately and return to the retirement office by December 6, 2016.

Term of office – January 1, 2017 to December 31, 2019

DAVID GENDRON – Incumbent, Retired Police Chief, Town of Erving

GABRIELE VOELKER – Finance Director/Treasurer, Town of Orange

KEVIN FOX – Town Coordinator, Town of Colrain

The retirement system – Advisory Council, Board, and staff are in no way endorsing any candidate.  However, information on each candidate may be found on our website, www.frrsma.com.  Click on Election 2016.

Below is basic information about the responsibilities of a board member. For more in-depth reading visit the “Board Members” page on our website www.frrsma.com.

840 CMR 1.00: Protection of Interests of Retirement System Members and their Beneficiaries

1.01 Board Members’ Duty

A board member shall discharge all of his/her duties solely in the interest of members and their beneficiaries

(1) For the exclusive purpose of:
(a) providing benefits to members and their beneficiaries; and

(b) defraying reasonable expenses of administering the system.

(2) With the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of like character and with like aims.

(3) By diversifying the investments of the system so as to minimize the risk of large losses, unless under the circumstances it is clearly prudent not to do so.

4) In accordance with the Massachusetts General Laws, the rules and regulations promulgated by the Commission, and rules and regulations adopted by the Board and approved by the Commission.

Thank you for participating – please vote.

Dale Kowacki, Executive Director

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September 28, 2016 Regular Board Meeting Minutes Uploaded

The minutes of the September 28, 2016 Board meeting have been uploaded to the 2016 minutes page. Click here to view.

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Agenda for the Tuesday, October 25, 2016 Regular Board Meeting has been uploaded.

Click here to view the agenda for the Tuesday, October 25, 2016 Regular Board Meeting.

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Agenda for the Thursday, October 27, 2016 Annual Meeting of the Advisory Council has been uploaded

Click here to view the agenda for the Thursday, October 27, 2016 Advisory Council Board Meeting.

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August 2016 Regular Board Meeting Minutes Uploaded

The minutes of the August 31, 2016 Board meeting minutes have been uploaded to the 2016 minutes page. Click here to view.

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Agenda for the Wednesday, September 28, 2016 Regular Board Meeting has been uploaded.

Click here to view the agenda for the Wed., September 28, 2016 Regular Board Meeting.

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