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Retirement board seeks stipend raise to $4,500 for members; committee advances measure to council
Summary
The Lawrence Retirement Board asked the Personnel Committee to increase the annual stipend for board members from $3,000 to $4,500 (treasurer remains at $3,000); the committee voted to send a favorable recommendation to the full council.
Gina Rizzo, director of the Lawrence Retirement Board, asked the Personnel Committee to approve an increase in annual stipends for the five-member retirement board from $3,000 to $4,500. Rizzo told the committee the retirement system serves about 1,900 members and that caseload and regulatory complexity have grown over the last decade.
Rizzo said the board’s operating budget can absorb the change because the stipend is…
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