The Amesbury Retirement Board is seeking applicants for the Fifth Member of the Amesbury Retirement Board. In accordance with M.G.L. Chapter 32 section 20(4)(b), the Fifth Member cannot be an employee, an inactive member, a retiree, a contractor or an official of the City of Amesbury or one of its governmental units and shall be chosen by the other four board members for a three-year term commencing on January 30, 2027.
The Fifth Member, together with the other four members of the Board, acts as a full fiduciary of the
Amesbury Retirement System performing the duties solely in the interest of its members and beneficiaries. The Board oversees the administration of the approximately 305 active members, approximately 119 inactive members and approximately 275 retired members. Board members also control the investment aspect of the system by overseeing the $88 million dollar asset fund with the Pension Reserves Investment Management Board (PRIM).
The Board generally meets the last Thursday of each month at 1:30 p.m. and occasionally additional meetings are required. Monthly meetings last from 1-2 hours and are held at Amesbury City Hall. Board members receive a $4,500.00 annual stipend.
The Fifth Member will be required to complete 18 continuing educational credits during a full 3-year term, with a minimum of 3 hours and a maximum of 9 hours annually, and file an abbreviated, high level Annual Statement of Financial Interest with the Public Employee Retirement Administration Commission (PERAC) to ensure each member has no financial conflicts of interest. The Fifth Member will also be required to complete the Conflict of Interest and Ethics training biannually. In addition, the Fifth Member must become familiar with state retirement law (MGL c. 32) and Massachusetts Open Meeting Law, as well as Board policies and procedures. Travel to local meetings and training may also be required.
Interested applicants should submit a letter of interest and/or resume no later than December 07, 2026 to: Laura Angus, Retirement Administrator, Amesbury Retirement System, 1 Market Street, Amesbury MA 01913 or email angusl@amesburyma.gov.
| Date published: | October 30, 2026 |
|---|