Danvers Retirement Board approves COLA increase, accepts Athletic Trainer
Danvers Retirement Board voted to approve a 3 percent cost-of-living adjustment on the $14,000 pension base, the first official COLA vote after months of prior discussion. The board also unanimously accepted a new Athletic Trainer position into the town retirement system; School Superintendent Dan
Retirement Board · Meeting of June 24, 2026
Danvers Retirement Board voted to approve a 3 percent cost-of-living adjustment on the $14,000 pension base, the first official COLA vote after months of prior discussion. The board also unanimously accepted a new Athletic Trainer position into the town retirement system; School Superintendent Dan Bauer and HR Director Kim Bevan explained the move to hire a full-time trainer rather than continue contracting with outside provider Spaulding. Board member Vincent Malgeri noted the position qualifies for system membership; Retirement Administrator Cory Grace was directed to draft supplementary regulations for PERAC approval.
The board unanimously approved $12.3 million in investment allocations per recommendations from investment advisor Rafik.
In the full story:
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Source: the Retirement Board meeting of June 24, 2026, compiled from the official minutes.
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