R-21-188
RESOLUTION
AUTHORIZING A ONE-TIME STIPEND TO BOARD OF PUBLIC WORKS
RETIREMENT SYSTEM RETIREES AS REQUESTED BY THE BOARD OF PUBLIC
WORKS RETIREMENT SYSTEM BOARD OF TRUSTEES
CITY OF NASHUA
In the Year Two Thousand and Twenty One
RESOLVED by the Board of Aldermen of the Citv of Nashua to authorize the payment of
a one-time stipend to Board of Public Works Retirement System retirees as described below:
At the Board of Public Works Retirement System Board of Trustees meeting held on
October 26, 2021, the Board of Trustees voted to grant a one-time stipend to all current retirees
who retired from FY 1977 through FY 2020. A total of 102 current retirees will receive a one-
time stipend. Amounts will vary depending on the time of retirement. The amounts to be granted
will be $1,600 to $400. Below are the amounts to be given and number of recipients by amount
category. The total cost is $75,350.
Number of Retirees Amounts
2 $1,600.00 each
10 $£,100.00 each
43 § 850.00 each
29 $ 600.00 each
18 § 400.00 each
