Latest News

Friday, April 24, 2020

The Falmouth Retirement Board unanimously voted to approve a Cost-of-Living Adjustment for FY 2021.  Effective July 1, 2020, a 3% Cost-of-Living Adjustment will be applied up to the first $14,000.00 of a recipient’s annual retirement allowance.  The maximum amount a recipient can receive is $35.00 per month.  Eligible recipients will be those who retired or began survivor benefits on or before June 30, 2019.  Recipients will see this Cost-of-Living Adjustment with their direct deposit on July 31, 2020.

Friday, April 24, 2020

It is hereby determined that Craig B.

Friday, February 21, 2020

An election, by mail, is to be held on Friday, May 22, 2020 for the purpose of electing the Second Elected Member to serve on the Falmouth Retirement Board for a term that will commence on May 26, 2020 through the date of expiration on May 25, 2023.  All members in service, members inactive and retirees are eligible to vote.  On Thursday, April 23, 2020, voting ballots with instructions will be mailed to the current address on file with the Falmouth Retirement System.  Any member in service or retiree of the Falmouth Contributory Retirement System is eligible to be a candidat

Tuesday, August 27, 2019

It is hereby determined that Russell R.

Thursday, July 11, 2019

The Falmouth Retirement Board unanimously voted to approve a Cost-of-Living Adjustment for FY 2020.  Effective July 1, 2019, a 3% Cost-of-Living Adjustment will be applied up to the first $14,000.00 of a recipient’s annual retirement allowance.  The maximum amount a recipient can receive is $35.00 per month.  Eligible recipients will be those who retired or began survivor benefits on or before June 30, 2018.  Recipients will see this Cost-of-Living Adjustment with their direct deposit on July 31, 2019.

Tuesday, July 9, 2019

An election, by mail, is to be held on Thursday, October 10, 2019 for the purpose of electing the First Elected Member to serve on the Falmouth Retirement Board for a term that will commence on October 31, 2019 through the date of expiration on October 30, 2022.  All members in service, members inactive and retirees are eligible to vote.  On Wednesday, September 11, 2019, voting ballots with instructions will be mailed to the current address on file with the Falmouth Retirement System.  Any member in service or retiree of the Falmouth Contributory Retirement System is eligibl

Friday, April 19, 2019

The board members of the Falmouth Contributory Retirement Board (“Board”) in performing due diligence are currently seeking Requests for Proposal for the procurement of services from qualified firms of certified public accountants to audit the basic financial statements of the Falmouth Contributory Retirement System ("System") for years-ended December 31, 2018 through December 31, 2024.  The Board is responsible for administering the assets of the System.  As of January 31, 2019, the total assets of the System were valued at approximately $141.2 million.  Please refer to the

Wednesday, December 5, 2018

The board members of the Falmouth Contributory Retirement Board (“Board”) in performing due diligence are currently seeking Requests for Proposal for the procurement of services for a pension investment consultant to assist the Board with its investment and management of the assets of the Falmouth Contributory Retirement System ("System").  The Board is responsible for administering the assets of the Falmouth Contributory Retirement System.  As of September 30, 2018, the total assets of the System were valued at approximately $149.2 million.

Thursday, August 30, 2018

The board members of the Falmouth Contributory Retirement Board (“Board”) are currently seeking proposals from qualified legal services firms and/or individual attorneys, with experience representing Massachusetts public retirement systems, to provide legal services consistent with Massachusetts General Laws Chapter 32 and regulations of the Public Employee Retirement Administration Commission 840 CMR.

Wednesday, July 18, 2018

The board members of the Falmouth Contributory Retirement Board (“Board”) are currently seeking Requests for Proposal for the procurement of a qualified bank or financial institution to provide institutional custodial / master trust services.  The Board is responsible for administering the assets of the Falmouth Contributory Retirement System (“System”), a Massachusetts public pension fund.  As of April 30, 2018, the total assets of the System were valued at approximately $140.7 million.  Please refer to the Request for Proposal (“RFP”) for additional details.  At its di