The Wakefield Retirement System is governed by Massachusetts General Laws, Chapter 32, with the Public Employee Retirement Administration Commission as its regulatory authority. All employees who meet eligibility requirements, except certified teachers, are members of the system. All appropriations must be approved as part of the Town's Budget process by the Board of Selectmen, the Finance Committee and the Representative Town Meeting.
The Wakefield Retirement System is administered by a five member board, consisting of two elected members, one member appointed by the Board of Selectmen, one member appointed by the other four members, and the Town Accountant who serves as an ex-officio member with full voting priveleges. The board meets monthly on a regular basis. Special meetings may be held as necessary.
The office staff, consisting of two employees, is responsible for all active and inactive members; all retirees, survivors and beneficiaries; all financial transactions, investment activity, member accounts, retirement and pre-retirement counseling and government reporting.
Retirement Board Members
Kevin Gill, Chairman
Daniel C. Calore
Richard J. DeFelice
Philip Rogers, Sr.