Danvers Retirement Board adopts plan to reach full funding by 2035
Danvers Retirement Board adopted funding schedule preserving 2035 full funding goal. The board unanimously approved an actuarial valuation showing 67.1 percent funded status, up from 64.5 percent in 2024, and chose Schedule A-2, capping annual appropriation increases at 9.71 percent while
Retirement Board · Meeting of July 29, 2026
Danvers Retirement Board adopted funding schedule preserving 2035 full funding goal. The board unanimously approved an actuarial valuation showing 67.1 percent funded status, up from 64.5 percent in 2024, and chose Schedule A-2, capping annual appropriation increases at 9.71 percent while maintaining the long-standing 2035 full funding date. Investment manager Rafik from Segal Marco recommended appropriating $12 million across four funds and committing $4.5 million to IFM Infrastructure to raise infrastructure allocation to 6 percent of assets.
The board approved the appropriations unanimously and also unanimously approved three retirements and four new municipal employees.
In the full story:
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Source: the Retirement Board meeting of July 29, 2026, compiled from the official minutes.
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