Notice of Board Election
Pursuant to Massachusetts General Laws Chapter 32, section 20 (4)(b), and 840 Code of Massachusetts Regulations 7.00, the Holyoke Retirement Board shall be required to conduct an election of the Elected Member’s position on the Holyoke Retirement Board, vacated by Anthony Dulude. The term is to be for a period of three (3) years commencing on February 1, 2022 through January 31, 2025.
Active and Retired Members of the System are eligible for election.
Nomination Papers may be picked up at the Retirement Board Office, City Hall Annex and will be available on Monday, October 25, 2021. Nomination Papers must be returned to the Retirement Board Office no later than 1:00 P.M. on Wednesday, December 8, 2021.
Names of those candidates who have secured twenty (20) signatures of active or retired members of the Holyoke Retirement System will be placed on the Ballot. The Election will be held on Friday, January 21, 2022.
The Ballot Box will be placed in the Retirement Board Office. Voting hours will be from 8:00 A.M. to 6:00 P.M.
Absentee Ballots: An absentee ballot will be sent to every retired member. Active members and inactive members may, upon timely request, vote by absentee ballot only if he or she: (a) will be absent from the city or town where the polling place is located during the hours that it will be open; (b) will be unable to cast his or her vote in person on the day of the election for reasons of religious belief; or (c) will be unable to cast his or her vote in person at the polling place by reason of medical condition.
Requests for absentee ballots shall be in writing and shall be filed no later than seven business days before the election. Absentee ballots shall be counted only if received by the board no later than the time fixed for the closing of the polls on the day of the election.
After the Election, ballots will be counted and certified.
The Retirement Board is responsible for providing City employees and retirees with information regarding retirement benefits and regulations.
To provide accurate, timely, and consistent guidance and benefits to members and their beneficiaries in a courteous and professional manner.
To ensure that the investment portfolio is adequately diversified at an acceptable risk level to provide sufficient assets to fund the benefits when due.
To become a retirement benefits leader in member counseling and benefits delivery by embracing technology, supporting staff development, and focusing on member needs.
The Holyoke Contributory Retirement System is one of 105 contributory retirement systems within the Commonwealth of Massachusetts. Chapter 32 of the Massachusetts General Laws defines the benefits, contribution requirements, accounting procedures and funding for all 105 systems. The Public Employee Retirement Administration Commission (PERAC) oversees the systems and ensures that all boards are in compliance with Chapter 32.
The retirement system is funded by an annual appropriation from City departments and from employee contributions. These funds are invested in fixed income, domestic and international equities, commodities, private equity and real estate.
The Holyoke Retirement Board is responsible for providing all city employees with information regarding benefits and regulations pertaining to retirement, in addition to overseeing the administration of the office. The Board is made up of 5 members; an Ex-Officio member, 2 elected members, 1 member appointed by the Mayor, and 1 member appointed by the other 4 members.