Retirement Board approves $2 million pension fund transfer
Shrewsbury Retirement Board approves $2 million pension transfer. Chairperson Zhmin Li led unanimous approval of a transfer not to exceed $2 million to the Pension Reserves Investment Trust Fund by July 31, 2026, and the board unanimously approved member enrollment forms and refund applications.
Retirement Board · Meeting of July 22, 2026
Shrewsbury Retirement Board approves $2 million pension transfer. Chairperson Zhmin Li led unanimous approval of a transfer not to exceed $2 million to the Pension Reserves Investment Trust Fund by July 31, 2026, and the board unanimously approved member enrollment forms and refund applications. Director Gregory Gatsogiannis reported the office scanning project is nearly complete and that KMS Actuaries is preparing the January 1, 2026 actuarial report, including analysis of reduced assumed rate-of-return scenarios and enhanced cost-of-living adjustment options.
The board was updated on PERAC Memo 21 regarding post-retirement earnings calculations for public-sector retirees.
In the full story:
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Source: the Retirement Board meeting of July 22, 2026, compiled from the official minutes.
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