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Brockton Retirement System asks city for $17.4 million for FY2026 assessment
Summary
The Brockton retirement board requested a FY2026 assessment of $17,403,772.75 — including a separate $135,506.75 veterans fund payment — and outlined state oversight and legislation that govern the fund.
The Brockton Retirement System asked the finance committee Wednesday for a FY2026 city assessment of $17,403,772.75, including a $135,506.75 additional assessment to cover veterans’ service credits.
The request came during the annual presentation by Jean Martineau, director of the retirement system, who told councilors the assessment is developed by the fund’s actuary and approved by the Public Employee Retirement Administration Commission (PERAC). “The request…
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