Retirement Board approves $4.1M in operating expenses and benefit payments.
Andover Retirement Board greenlights $4.1M in operating transfers and benefit payments. The Board voted unanimously to approve wire transfers for January ($1.2 million), February ($1.3 million), and up to $1.6 million for March, along with February payroll of $1,775,959.64 and an expense warrant of
Retirement Board · Meeting of February 27, 2026
Andover Retirement Board greenlights $4.1M in operating transfers and benefit payments. The Board voted unanimously to approve wire transfers for January ($1.2 million), February ($1.3 million), and up to $1.6 million for March, along with February payroll of $1,775,959.64 and an expense warrant of $138,455.80. Executive Director Derek Minervini reported a March 31 deadline for submitting actuarial data to PERAC.
The Board approved four retirements and was informed of the death of Carl Starosciak, Town Facilities, on February 18. The Board concluded by entering executive session at 9:16 a.m. to discuss disability and litigation matters.
In the full story:
- The complete report — 482 words
Source: the Retirement Board meeting of February 27, 2026, compiled from the official minutes.
Members read the rest of this story and every Andover meeting we cover, in full.
Become a memberAlready a member? Sign inA 30-day free trial needs a payment method. After it, your membership renews at the price shown at checkout until you cancel, which you can do anytime from your account. Subscription terms
Share this brief
Know someone in Andover who follows town government? Share Townbrief Andover: they can sign up free.