Appointed 5th Member of the Holyoke Retirement Board

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Holyoke Retirement Board - Appointment of Fifth Member

Holyoke – The Holyoke Retirement Board will accept applications for the Fifth Board Member position for a three year term commencing on January 1. 2018.

The Holyoke Retirement Board is responsible for overseeing the operations of the Holyoke Retirement System as fiduciaries to the members and beneficiaries of the System. The Holyoke Retirement System consists of 1150 active members and 950 retirees. The Retirement Board reviews and makes investment management decisions for a $276 million portfolio.

The Fifth Board Member is required to complete 18 hours of educational training during the three year term, and to file Annual Statements of Financial Interest with the Public Employee Retirement System Commission. The Fifth Board Member is subject to G.L. c. 268A, the State Ethics Law. The Board meets one day per month and at other times as needed. The annual stipend is $3,000.

The Fifth Board Member position shall not be an employee, a retiree or official of the City of
Holyoke or any governmental unit within the Holyoke Retirement System. Further:

N.B. 840 CMR 1.03.: Prohibition Against Certain Persons Holding Certain Positions

No individual who has been convicted of robbery, bribery, extortion, embezzlement, fraud, grand larceny, burglary, arson, a felony violation of state or federal law defined in Section 102(a) of the Comprehensive Drug Abuse Prevention and Control Act of 1970, murder, rape, kidnapping, perjury, assault with intent to kill, any crime described in Section 9(a)(1) of the Investment Company Act of 1940 (15 U.S.C. 80a-9(a)(1)), a violation of Section 302 of the Labor-Management Relations Act, 1947 (29 U.S.C. 186), a violation of Chapter 63 of Title 18, United States Code, a violation of Section 874, 1027, 1503, 1505, 1506, 15l0, 195l, or 1954 of Title l8 United States Code, a violation of the Labor-Management Reporting and Disclosure Act of 1959 (29 U.S.C. 401), any felony involving abuse or misuse of such person's position or employment in a labor organization or employee benefit plan to seek or obtain an illegal gain at the expense of the members of the labor organization or the beneficiaries of the employee benefit plan, or conspiracy to commit any such crimes, or a crime in which any of the foregoing is an element or has been found by the Public Employee Retirement Administration Commission or any court to have violated his/her fiduciary duty or has been found by the Ethics Commission or any court to have violated M.G.L. c. 268A, shall serve or be permitted to serve as a member of a retirement board.

Interested applicants should submit a statement of interest and resume to, or to the Holyoke Retirement System, 20 Korean Veterans Plaza, Room 207, Holyoke, MA 01040 not later than November 30, 2017.


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