Retirement Board

A majority of Belmont Contributory Retirement Board’s assets can be transferred “almost immediately” to the state’s Pension Retirement Investment Management (PRIM) Board. As of Jan. 31, 2024, the board had $153.4 million in liquid assets, most of which can be transferred on…

After weeks of controversy, the Belmont Contributory Retirement Board voted Wednesday to re-elect Thomas Gibson as the fifth member – immediately after unanimously voting to change the board’s investment strategy. Gibson has served on the board since 1996. He secured the seat…

The Belmont Contributory Retirement Board is scheduled to meet Wednesday at 1 p.m. to elect a fifth member to the board. This will be the fourth attempt to fill the position. The first two ended 2-2, and the third ended 2-1 in…

Editor’s note: This story was updated Feb. 29 at 1 p.m. On Tuesday, the state’s Public Employee Retirement Administration Commission (PERAC) invalidated the retirement board’s controversial vote to reappoint Chair Thomas Gibson, who has served for more than two decades. In a…