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, 2018



Request for Proposals for Legal Service

The Beverly Retirement Board is seeking proposals from qualified Legal Service firms and/or Attorneys specializing in providing legal services/advise to Massachusetts Public Employee Defined Benefit Plan governed by the provisions of MGL Chapter 32 and Regulations of the Massachusetts Public Employee Retirement Administration Commission 840 CMR.

The Board reserves the right to reject in whole or part any and all proposals in the best interest of the Beverly Contributory Retirement Board.

The proposal deadline is August 31, 2018 at 1:00 PM EST.  Late proposals will not be accepted.

A description of the scope of services and the criteria for proposal content can be obtained by contacting the Beverly Retirement office.


Phone: 978-605-2370

Mail:  Barbara Wells, Administrator, Beverly Retirement Board, 191 Cabot Street, City Hall, Beverly, MA 01915.