Edward J. Spellman, Jr. (active) Director, Municipal Finance
Fifth Independent Member
David J. Delgallo, Term Expires July 2019
Established in 1936 the Braintree Contributory Retirement System (BCRS) currently has over 700 active members, and in excess of 500 retirees. The Board consists of two elected members, (nominees must be active or retired members), two appointed members by the Executive Authority, and the fifth member shall be an independent member appointed by the other four members.
While it is our aim to educate our membership, this word also serves as an acronym which defines our seven guiding principles:
Unbiased decision making
Conservative and careful investment approach
Efficient delivery of services
Through the utilization of a well-trained staff, we administer a pension benefit plan that provides three core benefits: superannuation retirement, disability coverage (accidental and ordinary), and death benefits. Eligibility for these benefits depends on factors such as a member's age, earnings, creditable service, and group classification. The staff is also well versed in areas of membership portability, prior service, and health benefits.