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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

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

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

It is hereby determined that Russell R. Ferreira was the only candidate nominated for the position as the First Elected Member to be elected to the Falmouth Retirement Board. Therefore, at the meeting of the Falmouth Retirement Board which was held on Thursday, September 8, 2016, the board members voted to declare elected the First Elected Member to the Falmouth Retirement Board and that no election shall be held. His term will commence on October 31, 2016 and run through the date of expiration on October 30, 2019.