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Special Meeting Posted for July 21, 2010

BOARD MEETING NOTICE FRANKLIN REGIONAL RETIREMENT SYSTEM  Wednesday, July 21, 2010 at 8:30 a.m.     AT  Office of the Town Clerk Town of Deerfield 8 Conway Street, Deerfield MA  AGENDA  Appointment of Fifth Member to the Board

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Municipal Relief Act is moving again.

Yesterday, the House/Senate Conference Committee on Municipal Relief Legislation, H4877, released its long-awaited report to the Legislature. It is expected that the House and Senate will shortly approve the Committee report and send the bill to the Governor. Municipal Relief … Continue reading

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MACRS Conference June 2010

I drove down to the MACRS Cape conference on Sunday, June 6, 2010 and I spoke to folks that had been there for all the classes on both Saturday and Sunday and they were pleased with the content and presentations.  I had the privilege … Continue reading

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Leominster Retirement Nixes COLA

I wish the Leominster Retirement Board had seen our analysis before they voted down a COLA for their retirees because I think they might have thought differently about it.  Essentially, because COLA is limited to 3% on only the first $12,000 … Continue reading

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ERI proposed in Municipal Relief Bill (H4631) has some interesting requirements.

  Read the fine print in section 11 of the Municipal Relief Bill (H4631) and you will find some very interesting provisions that load it up with some heavy paperwork.  See my highlighted areas in the copy here on our … Continue reading

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Over the past 24 years, our investments did better than the S&P 500!

At the end of 2009, Franklin Regional Retirement investment returns bettered the S&P 500 returns for the period 1985 to 2009.  At the end of 2009 FRRS returned 8.03% while the S&P 500 returned 7.88%.  Now that’s what I’m talking about!  (Now … Continue reading

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2009 Annual Report – Ready to read

This report is sent into PERAC every year and it includes a balance sheet, revenue and expense reports, a headcount report and detailed investment reports. To find, click on the Local Officials tab and there are two reports. One is … Continue reading

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Retiree COLA increase contemplated by MA legislature.

I just received this email from MACRS and MassRetirees reporting that Massachusetts House bill 4631 contains language that would allow for increases to the annual COLA given to retirees.  If voted into law, it would have to be approved by both … Continue reading

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Welcome! We are now on the web and building content.

Here we come.  With the very capable assistance of Daniel Lieberman we have entered the internet fray and are ramping up our active presence on the web.  Soon this website will be loaded up with useful forms and publications, links, and information … Continue reading

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