Wellesley Retirement Board approves seven new members and advances investment consultant search. The board voted to admit seven employees across multiple town departments to the Contributory Retirement System, effective dates ranging from July 27 to August 5, 2026, with new members including a
The Wellesley Retirement Board voted in four new members and two retirees to the Contributory Retirement System. New members are Michael Dickhaut (Wetlands Administrator), Logan Prichard (Custodian), Katherine McGroarty (Librarian), and Robert Watchilla (Planning Director); retirees are Joan
Wellesley Retirement Board adopts investment policy and consultant RFP. The board unanimously approved an updated investment policy and released a request for proposals for investment consulting services, appointing Retirement Director Lynn Whynot as procurement officer, with proposal rankings and
Retirement Board approves $1.73M in pension warrants. The board voted unanimously to approve three warrants: $74,756.10 for April bills, $226,982.82 for member refunds and transfers, and $1,428,851.81 for May payroll and annuities. Vice Chair Timothy Barros was declared the unopposed winner of the
Wellesley Retirement Board informed of COLA base increase to $25,000. Chair David Kornwitz reported that Town Meeting voted to raise the cost-of-living adjustment base to $25,000 over four years, with the first increase to $22,000 effective July 1, 2026. The board approved three warrants totaling
Wellesley retirement board approves three percent COLA for retirees. Voting unanimously, the Retirement Board approved a three percent benefit increase effective July 1, 2026, aligning with Social Security's 2.8 percent COLA and near-three percent inflation. Chair David Kornwitz will present the
Wellesley Retirement Board sets $380,000 budget and admits eight system members. The board, led by Chair David Kornwitz and Vice Chair Timothy Barros, voted unanimously to approve the 2026 expense budget and to accept eight employees into the Contributory Retirement System, effective December 2025
Wellesley Retirement Board appoints election officer for mid-2026 member vacancy. The board unanimously appointed Lynn Whynot, the system's director, as election officer to oversee voting for an elected member term starting July 1, 2026, following Timothy Barros' term expiration on June 30. In
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