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Board Regulations:
Please see the PERAC Web Site Link for all approved Regulations affecting the Town of Plymouth investments and membership. For all approved Board Policies, please contact the Retirement Board office at 508-830-4170
Boards Mission Statement:
The Plymouth Retirement Board, which has the sole authority and responsibility for investing the funds and administering the benefits of the Plymouth Retirement System, is a separate and distinct entity from the Town of Plymouth. The Board is comprised of five (5) members: The Town Accountant or Chief Financial Officer, who sits ex-officio; a member appointed by the Board of Selectmen; two elected members, who are elected by, and from, the active and retired members of the System; and a fifth member who is appointed by the four seated members, and who cannot be an employee, retiree or official of the Town of Plymouth. The System has its own assets and liabilities, and prudently invests the funds of the System so as to eliminate its unfunded liability pursuant to a state approved funding schedule. The Board
employees staff, an investment consultant, an attorney, an actuary and from time to time other professionals as appropriate to administer the provisions of M.G.L. c. 32, which sets forth the retirement plan for public employees of the Commonwealth and its municipalities. It is the Board's mission to oversee and effectively invest the funds of the System, and to provide benefits to the members and beneficiaries of the System consistent with the provisions of M.G.L. c. 32.
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