Retirement Board



A five-member board administers the Beverly Retirement Board: two elected members, two appointed members, and a member Ex-Officio (City Auditor).  The Administrator is responsible for 448 active and inactive members and 607 retirees, survivors and beneficiaries, all financial transactions, investment activity, member accounts, retirement and pre-retirement counseling and government reporting.

The Beverly Retirement Board is governed by Massachusetts General Laws, Chapter 32, with the Public Employee Retirement Administration Commission (PERAC) as its regulatory authority.

The Board Members and the Administrator are committed to serving the employees and retirees of the City of Beverly with diligence, honesty and courtesy.

Records Access Officer:  Barbara Wells

To make a Public Records Request it must be in writing or can be emailed to

Member Address Term Expires
Carol Augulewicz, City Accountant Ex Officio
Kevin D. Smith, Fire Captain December 14, 2020
Charles Kostro, Fifth Member  April 17, 2021
Bryant Ayles, Mayor’s Representative  February 11, 2020
Richard Pierce, Ret. Fire Chief, Interim Chairman September 7, 2021

Beverly Retirement Board

Request for Proposal

Pension Administration Software Services

Notice to Prospective Respondents:

The Beverly Retirement Board is seeking proposals for Pension Administration Software Services. The Retirement Board believes that the firm serving in this capacity must have a broad range of experience with pensions, pension asset management software systems, and reporting. The firm serving in this capacity must also have experience in M.G.L. 32 and willingness to comply with all of the Public Employee Retirement Administration Commission’s requests and its guidelines.

The release date for this RFP is December 19, 2018. The Board reserves the right to cancel or reject in whole or in part any and all proposals in the best interest of the Retirement System. The board also reserves the right to award/contract multiple vendors at its discretion. Responses must be received at the Beverly Retirement Boards’ office prior to Monday, February 4, 2019 no later than 12 p.m. EST. No proposal will be accepted after this date and time.

The RFP will be available up to the proposal deadline by letter or email request at


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