Retirement Board - Fifth Member Position

The Belmont Retirment Board will accept applications for the Fifth Member position for a three-year term commencing on February 6, 2024. Interested applicants should submit a statement of interest and qualifications electronically to rhoran@belmontretirement.org, or by mail to the Belmont Retirement System, 90 Concord Avenue, 3rd Floor, Suite 3, Belmont, MA 02478, not later than 4:00 PM on December 15, 2023. Qualified candidates in the judgment of the Board will be interviewed at the Special Board meeting on January 16, 2024, at 9:15 am.

The Belmont Retirement Board is responsible for overseeing the operations of the Belmont Retirement System as fiduciaries to the members and beneficiaries to the System. The Belmont Retirement System consists of 477 active members and 367 retirees and beneficiaries. The Retirement board is responsible for the investment management of $150 Million in assets. The Board meets one day per month and at other times as needed. The annual stipend is $3,000.00.

Board Members are required to complete 18 hours of educational training during the three-year term, and to file Annual Statements of Financial Interest with the Public Employee Retirement Administration Commission. Board Members must comply with G.L c. 268A, the State Ethics Law.

For more information please see the attached flyer below.