The Quincy Retirement Board will host an election for a 3-year term beginning 12/20/25 – 12/19/28 seat on the board. Nomination papers will be available starting the week of 10/23/25, at the Quincy Retirement Office.
As of August 31, 2025, the market value of the pension fund was $890 million. The pension funds’ portfolio currently consists of investment portfolios with multiple investment managers. The System’s Membership currently consists of over 3,000 combined active and retired members. There is an annual stipend of $4,500.
Responsibilities for the Elected Member not limited to but include:
- Ability to attend the monthly meeting, generally held of the 3rd Thursday of every month from 9:00 a.m. – 12:30 p.m. The Board meets on occasion, if needed at other times during the month, for Special Meetings. The time may fluctuate for these meetings.
- Complete 18 hours of educational training during the term through webinars, meetings, and educational conferences.
- Complete and submit an Annual Statement of Financial Interest wit the Public Employees Retirement Commission (PERAC) detailing personal assets. This must be completed within 30 days of becoming a Board member.
- Complete the State Ethics Commission online training program within 30 days of becoming a Board member.
- Develop knowledge of Massachusetts Open Meeting Law.
- Develop knowledge of Massachusetts General Laws Chapter 32.
- Review Retirement and Disability Applications, investment portfolio holdings, financial transactions, and other required voting responsibilities of a Board member.