Retirement Board defers COLA increase pending CFO hire
Amesbury Retirement Board deferred the cost-of-living adjustment base increase, citing the need for fiscal clarity from the city's incoming Chief Financial Officer. The board approved three retirements effective August 31 under Group 1 pension provisions: Anne M. Nadeau at $3,545.92 monthly after
Retirement Board · Meeting of August 27, 2026
Amesbury Retirement Board deferred the cost-of-living adjustment base increase, citing the need for fiscal clarity from the city's incoming Chief Financial Officer. The board approved three retirements effective August 31 under Group 1 pension provisions: Anne M. Nadeau at $3,545.92 monthly after 27 years and 10 months; Patricia M.
Shaffer at $5,125.40 monthly after 30 years and 10 months; and Candace R. MacLean at $930.40 monthly after 10 years and eight months. The board also enrolled six new employees, processed three inter-system retirement account transfers totaling $387,736.73, and adopted a new deduction refund policy.
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Source: the Retirement Board meeting of August 27, 2026, compiled from the official minutes.
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