Español
Malden Publick

An independent guide to city government in Malden, Massachusetts

Retirement Board – Jun 17, 2026

Minutes (PDF)Agenda
Where
Not listed on the city's Agenda Center
Time
Not listed

What was decided

The board accepted the May meeting minutes, June expense warrant, retiree and staff payroll warrants, and cash reconciliation. It also approved retirement applications, withdrawals and transfers, and extended the review of the Investment Policies by 90 days. The board approved overtime for a Retirement Board staff member and discussed the upcoming board election and transition to GIC health insurance for retirees.

Decisions recorded

Not checked. This summary hasn't been compared with the city's document. Summary written by AI from the city's minutes. Check the original before relying on it. How summaries are checked

Report an error in this summary
Read the full minutes

Transcribed by AI from the city's PDF. Check the original before relying on it.

BOARD MEETING MINUTES

DATE: June 17, 2026

A meeting of the Malden Retirement Board was held this day June 17, 2026, at 8:42 AM in conference room #105 at Malden City Hall, 215 Pleasant St. Malden, MA with the following present: Warren Atkinson Jr., John Hall, Scott Lucey, Charles Ranaghan. Staff: Director, Robert Soohoo, and Board Secretary Maria LoGrasso.

Call to Order

The Chairman, Mr. Atkinson Jr. called the meeting to order at 8:42 AM. The Board Secretary Maria LoGrasso took an attendance roll call vote.

Roll Call: - Mr. Atkinson Jr. - Yes - Mr. Hall - Yes - Mr. Lucey - Yes - Mr. Ranaghan - Yes

Presentation

General Meeting

Accept May Board Meeting & Executive Session Minutes, June Expense Warrant, Retiree Payroll and May Staff Payroll Warrant, Cash Books & Cash Reconciliation.

VOTE: To accept May Board Meeting & Executive Session Minutes, June Expense Warrant, Retiree Payroll and May Staff Payroll Warrant, Cash Books & Cash Reconciliation. Motion by Mr. Hall and seconded by Mr. Lucey, it was voted: *All present were in favor

New Members

Delayed until next month

Deceased

Steven MacEachern – DPW, Date of Death 05/31/2026 – Option C Spouse, Sheila MacEachern

Retirement Applications, Adjustments, and Survivor Benefits
  • Robert Hergarty – City, Fire Department, Date of Retirement: TBD Option C
  • Bernice Stallworth – MPS, Paraprofessional, Date of Retirement 06/24/2026 Option B

VOTE: To accept Retirement Applications, Adjustments, and Survivor Benefits. Motion by Mr. Ranaghan and seconded by Mr. Hall, it was voted: *All present were in favor

Withdrawals/Transfers
  • Adele Pierre – MPS, Special Ed, Transfer to MTRS, Years of Service: 3.5833
  • Jennifer McGoldfrick – MPS, Director, Transfer to Danvers, Years of Service: 20.5833
  • Jose Aguiar – OSPCD, Refund, Years of Service: 3.5833

VOTE: To accept Withdrawals/Transfers. Motion by Mr. Ranaghan and seconded by Mr. Lucey, it was voted: *All present were in favor

Buybacks, Makeups and Military Purchases

None

Correspondence - Recent PERAC Memos

17 - PROSPER Login Enhancements

18 – Tabacco Company List – Retirement office will contact Cambridge Trust to ensure that they are receiving the PERAC email and memos regarding the Tabacco Company List.

Director Report

Review of Upcoming Election for Retirement Board – No changes. Notice will be mailed before July 20, 2026.

Review of Investment Policies – The Board agreed to extend review of the Investment Policies for an additional 90 days.

VOTE: To extend review of the Investment Policies for an additional 90 days. Motion by Mr. Ranaghan and seconded by Mr. Lucey, it was voted: *All present were in favor

Review of Investment Report from Cambridge Trust

Discussion of Mayor's Appointee Board Member – The Mayor will appoint a new Board Member effective July 1, 2026.

Update with transition to GIC for Retirees – The retirement staff discussed the work and time involved with the transition of the present health insurance to GIC health insurance.

VOTE: The Board agreed to approve 4 hours of overtime instead of comp time for Retirement Board staff member and to approve overtime for staff members overtime with prior approval for future occurrences that require additional time worked. Motion by Mr. Ranaghan and seconded by Mr. Hall, it was voted: *All present were in favor

Discussion of Topics Not Reasonably Anticipated 48 Hours in Advance of Meeting

Laura McLaughlin – Treasurers, Date of Retirement 07/17/2026, Option B

VOTE: To accept Retirement Application. Motion by Mr. Ranaghan and seconded by Mr. Hall, it was voted: *All present were in favor

Documents Distributed to the Board:
  • June Agenda
  • June disbursement warrant
  • Cambridge Trust May report
  • PERAC 2025 Investment report
  • PERAC Memos #17 & #18
  • May Minutes
  • May Payroll Warrant
  • Update Election Notice

Future Meeting dates: July 22, 2026, 8:30 am; August 19, 2026, 8:30 am:

VOTE: To adjourn the meeting 9:57 AM Eastern time, Motion by Mr. Lucey, seconded by Mr. Ranaghan, it was voted: *All present were in favor

Warren Atkinson Jr., Chairman

Scott Lucey, Board Appointed

John Hall, Elected Member

Charles Ranaghan, Ex-Officio

Minutes posted on the city website (PDF, 1.2 MB). Saved copy, saved .

Agenda

A copy of the agenda wasn't saved here. It is on the city website.

Terms used here

OSPCD
Office of Strategic Planning and Community Development, the city office for planning, housing, community and economic development, and grants.
executive session
A part of a public meeting closed to the public. State law allows it only for specific reasons, such as lawsuits, negotiations, or personnel matters.
PERAC
Public Employee Retirement Administration Commission, the state agency that oversees Massachusetts public retirement systems.

All the terms in the glossary

Source

This meeting's agenda in the City of Malden's Agenda Center. First recorded by Malden Publick on .