[HISTORY: Adopted by the Town Council of the Town of Braintree 5-18-2010 by Ord. No. 09-053. Amendments noted where applicable.]
There shall be a Contributory Retirement Board which shall consist of five members. Two members shall be appointed by the Mayor, two members shall be elected by the members in or retired from service of such system from among their number, and the fifth member, who shall not be an employee or retiree or official of the Town, shall be chosen by the other members.
Pursuant to MGL c. 32, § 20, the terms of all members shall be for three years.
The Contributory Retirement Board shall have the powers and duties provided in MGL c. 32 relative to municipal retirement boards and shall be responsible for the management of the retirement system for the Town, subject to the requirements of MGL c. 32 and to the oversight of the Commissioner of Public Employee Retirement.