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Retirement Board

James Ryan
Director
Charles Ranaghan
Governing Board
Doug Eisnor
Elected by Retirees
Warren Atkinson
Elected by Retirees
Gregory Lucey
Elected by Members of the Board
Domenic Fermano
Mayor's Appointment
Laurie Macdonald
Board Secretary

The Malden Retirement Board has approximately 1,500 members of whom 860 are active members and the remaining 640 are retired members. The Board is a defined benefit plan which is governed by Massachusetts General Laws Chapter 32, Section 20 and is overseen by the Public Employee Retirement Administration Commission. A defined benefit plan is one where the members contribute a certain percent of wages each payroll and the benefits upon retirement are pre-deteremmined by law (formula).

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