Essex (Mass.) Regional Retirement Board hired the Edward J. Collins Jr. Center for Public Management at the University of Massachusetts to assist the $225 million system’s search for an executive director, according to a posting on the website of the university’s McCormack Graduate School of Policy Studies.
The successful candidate will succeed Timothy A. Bassett, who was terminated in March following an audit by the Massachusetts Public Employee Retirement Administration Commission that revealed the system’s “financial records are not being maintained and the management functions are not being performed in conformity with the standards established by PERAC,” according to the audit. Mr. Bassett also was removed from his position as chairman of the board; Andrew W. Maylor is the current chairman.
“In July 2010 a law was enacted requiring the reconstitution of the board and prohibiting a future executive director from serving as a board member,” according to the graduate school website. “It is expected that the board created by this law will be operational by January 2011. As a result of turnover on the board during the first part of 2010, the current board has a majority of new members and this board is focused on an agenda of reform and renewal.”
The job posting is available online at http://www.mccormack.umb.edu/centers/cpm/documents/ERRB_Profile.pdf. Applications are due by Oct. 31.
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