Retirement Board appoints Sherman as chair, approves 3% COLA increase.
Retirement Board names Sherman chair, grants 3 percent COLA for FY27. The five-member board unanimously appointed Daniel W. Sherman as Chair, with Sherri Dalton continuing as Vice Chair, and voted to grant a 3 percent Cost of Living increase on the $16,000 COLA base effective July 1, 2026 — the
Retirement Board · Meeting of April 22, 2026
WAKEFIELD — Retirement Board names Sherman chair, grants 3 percent COLA for FY27. The five-member board unanimously appointed Daniel W. Sherman as Chair, with Sherri Dalton continuing as Vice Chair, and voted to grant a 3 percent Cost of Living increase on the $16,000 COLA base effective July 1, 2026 — the highest rate allowed.
The board approved payroll and warrant items totaling $1.29 million, welcomed new Group 4 member Christopher Czarnota (Fire), and accepted three applications for superannuation retirement. Elizabeth Rourke joined the board effective April 22, replacing outgoing Chair Kevin Gill.
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Source: the Retirement Board meeting of April 22, 2026, compiled from the official minutes.
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