Board votes to keep current investment advisor

Retirement Board · Meeting of April 28, 2026

CLINTON — The Clinton Retirement Board voted to keep its current investment advisory arrangement rather than hire a dedicated consultant. A subcommittee of Paul Cherubini, David Baird and Joseph Casasanto recommended the move, with a member telling the board the findings were "to continue the current process in place" rather than "solicit a full-time investment consultant advisor at this time." Administrator Patricia Hazel reported preliminary March fund performance, including one fund down 3.57 percent and a $33,000 private equity distribution. The board approved Albert Bedard's police retirement after 29 years of service, enrolled three new members, and began discussing a succession plan for Hazel's eventual semi-retirement.

Members also reviewed a state Office of the Inspector General report tied to the board's longtime legal counsel, agreeing not to send a formal reply beyond noting compliance in the minutes.

In the full story:

• The Full Story
• Why It Matters
• Key Motions & Votes
• Source
• Clinton's community access TV: Retirement Board meeting, April 28, 2026
• The complete report: 980 words

Source: the Retirement Board meeting of April 28, 2026, reported from the official video recording and transcript.

Checked against the record: before publication this article was automatically compared with the meeting transcript. It was corrected where it differed.