Regulations accepted by the board and approved by PERAC
PERAC Approval Date: August 11, 2022
Supplemental Investment Regulation
840 CMR 16.04. Notwithstanding the provisions of 840 CMR 16.04, or any other general or special law or regulation, the Concord Retirement Board may invest the assets of the Concord Retirement System without designating a custodian of said assets under the following terms and conditions:
- The assets of the Concord Retirement System are invested solely in pooled/commingled investment vehicles.
- A commercial bank or savings bank approved by PERAC is retained to assist the Concord Retirement Board with cash management.
- The Concord Retirement Board shall provide prompt notice to PERAC of any changes in the above conditions.