The Beverly Retirement Board is seeking qualified applicants for the Fifth Member position of the Beverly Retirement Board. In accordance with M.G.L. Chapter 32 section 20(4)(b), the Fifth Member shall not be an employee, retiree, or official of the City of Beverly and shall be chosen by the other four Board Members, for a 3-year term commencing on the date of hire.
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Fifth Member Position: Beverly Retirement Board
BEVERLY CONTRIBUTORY RETIREMENT BOARD
275 Rantoul Street, Beverly, MA 01915
978-605-2371
Fifth Member Position on the Beverly Retirement Board
The Beverly Retirement Board is seeking qualified applicants for the Fifth Member position of the Beverly Retirement Board. In accordance with M.G.L. Chapter 32 section 20(4)(b), the Fifth Member shall not be an employee, retiree, or official of the City of Beverly and shall be chosen by the other four Board Members, for a 3-year term commencing on the date of hire.
The five-member Board acts as fiduciaries of the Beverly Retirement System and performs their duties solely in the interest of its members and beneficiaries in accordance with Massachusetts General Laws, the rules and regulations promulgated by the Public Employee Retirement Administration Commission (PERAC) and the rules and regulations adopted by the Retirement Board. The Board oversees the administration of approximately 1,500 active, retired, and inactive members. The day-to-day administration is conducted by the Executive Director. Board members are paid a yearly stipend of $3,00.00.
The Board normally meets once a month, generally on the last Thursday of the month at 6:00 pm. Board members are required to:
▪ File an Annual Statement of Financial Interest with PERAC detailing personal assets
▪ Complete Conflict of Interest and Ethics training biannually
▪ Develop knowledge of Massachusetts Open Meeting Law
▪ Develop knowledge of Massachusetts General Laws, Chapter 32
▪ Attend meetings, seminars and educational training as necessary
▪ Complete 18 hours of training in all three-year spans during their term to continue to serve on the Board.
Interested candidates should submit their letter of interest and resume to Meaghan McLaughlin, Assistant Executive Director electronically to mmclaughlin@beverlyma.gov or hand delivered to 275 Rantoul Street, Beverly, MA 01915, no later than 1:00 pm on Friday, April 11th 2025.
For additional information regarding this position, please contact Meaghan McLaughlin at (978) 605-2371.