An election, by mail, is to be held on Thursday, October 10, 2019 for the purpose of electing the First Elected Member to serve on the Falmouth Retirement Board for a term that will commence on October 31, 2019 through the date of expiration on October 30, 2022. All members in service, members inactive and retirees are eligible to vote. On Wednesday, September 11, 2019, voting ballots with instructions will be mailed to the current address on file with the Falmouth Retirement System. Any member in service or retiree of the Falmouth Contributory Retirement System is eligibl
Friday, April 19, 2019
The board members of the Falmouth Contributory Retirement Board (“Board”) in performing due diligence are currently seeking Requests for Proposal for the procurement of services from qualified firms of certified public accountants to audit the basic financial statements of the Falmouth Contributory Retirement System ("System") for years-ended December 31, 2018 through December 31, 2024. The Board is responsible for administering the assets of the System. As of January 31, 2019, the total assets of the System were valued at approximately $141.2 million. Please refer to the
Wednesday, December 5, 2018
The board members of the Falmouth Contributory Retirement Board (“Board”) in performing due diligence are currently seeking Requests for Proposal for the procurement of services for a pension investment consultant to assist the Board with its investment and management of the assets of the Falmouth Contributory Retirement System ("System"). The Board is responsible for administering the assets of the Falmouth Contributory Retirement System. As of September 30, 2018, the total assets of the System were valued at approximately $149.2 million.
Thursday, August 30, 2018
The board members of the Falmouth Contributory Retirement Board (“Board”) are currently seeking proposals from qualified legal services firms and/or individual attorneys, with experience representing Massachusetts public retirement systems, to provide legal services consistent with Massachusetts General Laws Chapter 32 and regulations of the Public Employee Retirement Administration Commission 840 CMR.
Wednesday, July 18, 2018
The board members of the Falmouth Contributory Retirement Board (“Board”) are currently seeking Requests for Proposal for the procurement of a qualified bank or financial institution to provide institutional custodial / master trust services. The Board is responsible for administering the assets of the Falmouth Contributory Retirement System (“System”), a Massachusetts public pension fund. As of April 30, 2018, the total assets of the System were valued at approximately $140.7 million. Please refer to the Request for Proposal (“RFP”) for additional details. At its di
Friday, June 1, 2018
The Falmouth Retirement Board unanimously voted to approve a Cost-of-Living Adjustment for FY 2019. Effective July 1, 2018, a 3% Cost-of-Living Adjustment will be applied up to the first $14,000.00 of a recipient’s annual retirement allowance. The maximum amount a recipient can receive is $35.00 per month. Eligible recipients will be those who retired or began survivor benefits on or before June 30, 2017. Recipients will see this Cost-of-Living Adjustment with their direct deposit on July 31, 2018.
Friday, April 6, 2018
The Falmouth Retirement Board is seeking applicants for the position of Fifth Member to the Falmouth Retirement Board. The Falmouth Retirement Board operates in accordance with the provisions of Chapter 32 of the Massachusetts General Laws, the rules and regulations promulgated by the Public Employee Retirement Administration Commission (PERAC) as well as any rules and regulations adopted by the Falmouth Retirement Board and approved by PERAC. The Fifth Member, together with the other four members of the retirement board, are to act as fiduciaries of the Falmouth Retirement Syst
Tuesday, November 28, 2017
The Falmouth Retirement System is happy to announce the new Employee Self Service Web Portal module of our Pension Pro retirement software.
This Employee Self Service Web Portal module will provide current Members and Retirees with features and capabilities such as the following:
Members:
· Your demographic information on record with the retirement system
Tuesday, November 28, 2017
At the request of the Falmouth Retirement Board, the Falmouth Town Meeting, with a quorum being present on Monday, November 6, 2017, voted unanimously to increase from $12,000.00 per year to $14,000.00 per year the maximum base amount upon which the annual cost-of-living adjustment (COLA) for a retiree is calculated. Said increase is to be effective on July 1, 2017. The maximum amount an eligible recipient can receive is $35.00 per month. Eligible recipients will see the increase to their cost-of-living adjustment (including any retro-payment) with their direct deposit on
Thursday, May 25, 2017
An election, by mail, was held with ballots due on Friday, May 19, 2017 for the purpose of electing the Second Elected Member to serve on the Falmouth Retirement Board for a term that will commence on May 26, 2017 through the date of expiration on May 25, 2020. Of the 409 total ballots cast, the results of the ballot count are as follows:
- Craig B. O’Malley – Firefighter, Fire Rescue Department received 313 votes
- Gerald C. Potamis – Retired, D.P.W. Wastewater Division received 79 votes
- 17 ballots were disqualified or invalid