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Purchase of Property by Retirement Boards for their Administrative Offices

From Chapter 149 of the Acts of 2004

Note: The Commission has supported the following Section 325 in concept but not specifically.

Notwithstanding any general or special law to the contrary, the Plymouth Retirement Board may, in accordance with guidelines established by the Public Employee Retirement Administration Commission, purchase the real property located at 89 Court Street, Plymouth, Massachusetts for the purpose of the use of the property for the administrative office of the Plymouth Retirement Board, and may purchase or lease equipment and employ any such personnel necessary for the proper administration and transaction of business of the retirement system. Notwithstanding any general or special law to the contrary, the Salem Retirement Board may, in accordance with guidelines established by the Public Employee Retirement Administration Commission, purchase the real property located at 20 Central Street, Suite 110, Salem, Massachusetts for the purpose of the use of the property for the administrative office of the Salem Retirement Board and may purchase or lease equipment and employ any such personnel necessary for the proper administration and transaction of business of the retirement system. 

Summary: This section will allow the Plymouth Retirement Board and the Salem Retirement Board to purchase specified real property to use as their administrative offices. However, the Commission has not reviewed this particular provision and does not take a position with respect to it.

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