Retirement Board Approves Five Retirements and Three New Members
The Danvers Retirement Board approved five retirements and three new hires as the pension system's investment portfolio posted year-to-date gains of 6.3 percent.
Retirement Board · Meeting of August 26, 2026
DANVERS — The Danvers Retirement Board approved five retirements and three new hires as the pension system's investment portfolio posted year-to-date gains of 6.3 percent. The board unanimously approved retirements for Caroline Pursley, Ann Gagnon, Lee King, Michelle Boudreault, and Sarah Lavigne from the Departments of Public Schools and Public Works, and newly hired employees Kristina Gallagher of DPS, Tyler Glode of DPW Engineering, and Adam Leonard of DPW Engineering. Investment managers from Eagle Capital Management, HarbourVest Partners, and Segal Marco reported that as of July 31, the system had posted $11.8 million in year-to-date net investment gains.
The board also unanimously approved a payment plan for Dale Smith's excess earnings repayment and discussed establishing a staff evaluation process, with Chair Joseph L. Collins and Member Vincent Malgeri volunteering for a subcommittee to develop a framework for board review by November.
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Source: the Retirement Board meeting of August 26, 2026, compiled from the official minutes.
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