Latest News

The Quincy Retirement Board votes for a 3% COLA increase.

Submitted by shawn on May 6, 2011 - 1:02pm

At the Quincy Retirement Board’s April 28th meeting, on a motion made by Mr. Crespi, the Board voted to grant a Cost of Living Adjustment increase of 3% on $12,000.00 for eligible retirees and survivors.  The increase is effective July1, 2011 and will be included in the July 31st checks.

Open Enrollment

Submitted by shawn on April 27, 2011 - 8:55pm

It is OPEN ENROLLMENT time again for City of Quincy Retirees and Employees from April 8th until May 9th.  All changes are effective July 1, 2011. 

April 28, 2011 Retirement Board Meeting Notice

Submitted by shawn on April 27, 2011 - 7:31pm

The Quincy Retirement Board will hold a meeting in their conference room at 1250 Hancock Street, Suite 506S, Quincy, Massachusetts

The Board will meet at 10:05AM on Thursday, April 28, 2011:

Investments Return 12.6% for 2010

Submitted by shawn on March 18, 2011 - 12:00am

The investment portfolio of the Quincy Retirement Board was up 12.6% for the calendar year ended December 31, 2010. The return is more than 4% better than the System’s actuarial assumed rate of return. 2010 followed a very strong rebound in 2009, in which the System returned 18.2% bringing the total assets of the plan to over $270 million dollars.

Board studies change in COLA base

Submitted by shawn on March 18, 2011 - 12:00am

At the Board’s last meeting, Elected Member Richard Crespi proposed that the Board change the COLA base, raising it from $12,000.00 to $15,000.00 over a three year period.  After reviewing the statistics below and being cognizant of the economic times, the Board has asked Mr.

March 21, 2011 Retirement Board Meeting

Submitted by shawn on March 17, 2011 - 12:00am

The Board will meet at 12:00PM on Monday, March 21, 2011:

I. Approval of Superannuation application for G. Sweetser

II. Approval of Superannuation calculations of :

  • Marion Fantucchio
  • Maureen Lyons
  • Donna McDonough
  • Ann McLaughlin
  • Frances Ryan

III. Requests for Creditable service:

NOTICE OF ELECTION: Members & Retirees

Submitted by shawn on February 1, 2011 - 6:19pm

The Quincy Retirement Board will hold an election, Tuesday May 3, 2011 at the Quincy City Council Chambers located in City Hall, 1305 Hancock Street, Quincy from 8:00 AM to 6:00 PM.

January 27, 2011 Retirement Board Meeting

Submitted by shawn on January 23, 2011 - 10:56pm

The Board will meet at 10:00AM on Thursday, January 27, 2011:
I. Resignation of Mr. Perfetti and Appointment of new 5th member
II. Executive Session - ADR application of Henry Bradley
III. Executive Session – Restoration to service medical panel reports for Charles Middendorf
IV. 11:00 – Aberdeen – Emerging Markets Equities review

Quincy Retirement System Gains 18.2% in 2009

Submitted by jay on April 6, 2010 - 12:00am

Despite continued economic difficulty, the Quincy Retirement Board is pleased to announce an investment return of 18.5% in 2009, bringing the system’s asset total to over $250 million.

In conjunction with our investment consultant, Meketa Investment Group, the Board has adopted a new Asset Allocation policy that that invests a broadly diversified portfolio across multiple asset classes. Within each of these asset classes, the system holds many different securities to ameliorate the risk of any one asset’s performance having a drastic effect on the portfolio as a whole.

To All Members and Beneficiaries

Submitted by jay on October 8, 2008 - 12:00am

We would like to address the uncertainty in the financial markets and answer some of the questions that have been posed. Our Retirement System is a defined benefit plan, your current or future Retirement Allowance is not dependant upon the US stock market. Your benefits are guaranteed by Massachusetts State Law.