TO ALL MEMBERS OF THE FALL RIVER CONTRIBUTORY RETIREMENT SYSTEM
An election is to be held at the Fall River Retirement Board office located at 30 Third Street, Suite 301, Fall River, MA 02720 on Wednesday, December 8, 2010 from 8:00 A.M. to 6:00 P.M. for the purpose of electing a member of the System to serve on the Fall River Retirement Board for a term of three (3) years. Said term will commence on December 12, 2010 and end December 11, 2013.
All holding membership in the Fall River Contributory Retirement System may qualify as a candidate by filing with the Fall River Retirement Board a nomination paper containing the signatures and addresses of at least twenty (20) members of the System. The nomination papers must be filed on or before 2:00 P.M. on Friday, October 8, 2010.
NOMINATION PAPERS ARE TO BE OBTAINED AT THE FALL RIVER RETIREMENT BOARD, 30 THIRD STREET, SUITE 301, FALL RIVER, MA 02720.
ABSENTEE BALLOT: Requests for absentee ballots by non-retired members shall be in writing and shall be filed with the Fall River Retirement Board’s designated Election Officer no later than the day before the election. A vote by absentee ballot is permitted for the following reasons only:
Member will be absent from the City of Fall River during the election hours on December 8, 2010;
Member is unable to cast his/her vote on the day of the election for reasons of religious belief; or
Member is unable to vote in person due to a temporary physical disability.
Christine A. Tetreault
Election Officer
August 31, 2010
AUGUST MEETING NOTICE
Fall River Contributory Retirement Board Meeting
DATE/TIME: Monday, August 30, 2010 at 9:00 A.M. LOCATION: 30 Third Street, Suite 301, Fall River, MA 02720
FALL RIVER CONTRIBUTORY RETIREMENT BOARD REQUEST FOR PROPOSAL TO PROVIDE LEGAL SERVICES
The Fall River Contributory Retirement Board (FRRB), which is a Massachusetts Public Pension System operating in accordance with Massachusetts General Laws, Chapter 32, is seeking a qualified attorney to advise and represent the FRRB in all legal matters.
The FRRB is comprised of a 5-member Board, which is charged with the pension administration of its approximately 3,800 active and retired public employee members. The Board employs a full-time Executive Director to manage the daily operations of the retirement system and three full-time support staff.
Attorneys/Law firms must submit a proposal to be considered and must have at least 5 years of specific experience representing a minimum of three Massachusetts public pension boards/systems. Proposals must include the following information:
July 2009: The Fall River Retirement Board is currently reviewing Chapter 21, of the Acts of 2009, the so-called "Pension Reform" law. Chapter 21 redefines some aspects of the law (M.G.L. Chapter 32) governing the prospective pension benefits of current and future public employees. Retirees are not impacted in any way by the new law.
Prior to the Board making any determination, as to how Chapter 21 will be implemented in Fall River, we are awaiting further direction and analysis from the Public Employee Retirement Administration Commission (PERAC). We are also working closely with the city and union representatives to determine how the new law may impact collective bargaining agreements.
If you have any questions or concerns regarding Chapter 21, please feel free to contact our office directly.
Check mailing dates for remainder 2007
Mailing Date Direct Deposit Date
7/27/07 7/31/07
8/29/07 8/31/07
9/26/07 9/30/07
10/29/07 10/31/07
11/28/07 11/30/07
12/27/07 12/31/07
3% COLA Approved
The Fall River Retirement Board has approved a 3% Cost-of-Living Adjustment (COLA) for Fiscal Year 2010. Eligible retirees will receive a 3% COLA on the first $12,000 of one's pension, up to a maximum annual benefit of $360, beginning this July. State law requires a retiree to have been retired for one full fiscal year (6/30/08-7/1/09) in order to be eligible for the FY10 COLA.The first installment of the new COLA will be paid in the July 2010 pension check.
Welcome
to the City of Fall River, located in the historic Southcoast region
of Massachusetts.
Website
The Social Security Administration's Strategic Plan
provides a guide for meeting the goals of the President's Management
Agenda and the Government Performance and Results Act...
Website
The Public Employee Retirement Administration Commission
(PERAC) was created for and is dedicated to the oversight,
guidance, monitoring, and regulation of the Massachusetts
Public Pension Systems.
Website
For thirty-seven years the Retired State, County and
Municipal Employees Association of Massachusetts has provided retired
public employees their own voice on Beacon Hill. Website
