Plymouth Retirement Board approves 2019-2022 audit with pensionable pay dispute
Plymouth Retirement Board approves PERAC draft audit for 2019-2022 period with pay classification agreement. Chairman Thomas Kelley and board members unanimously backed the audit after Executive Director Wendy Cherry corrected all identified issues, with the Board agreeing that firefighter
Retirement Board · Meeting of March 27, 2026
Plymouth Retirement Board approves PERAC draft audit for 2019-2022 period with pay classification agreement. Chairman Thomas Kelley and board members unanimously backed the audit after Executive Director Wendy Cherry corrected all identified issues, with the Board agreeing that firefighter auxiliary pay should be classified as pensionable compensation. The retirement fund's total market value stood at $307,044,792 as of February 28, 2026, with core bonds up 1.7 percent year-to-date, though March performance declined due to Middle East market turmoil.
The Board approved four school employees as new hires and denied a buyback request from a former seasonal town employee.
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Source: the Retirement Board meeting of March 27, 2026, compiled from the official minutes.
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