Retirement Systems

Articles about Retirement Boards that may be useful to Massachusetts retirees.

Retirement Board Profile: Framingham

2007 MAR - In addition to representing members before the state and federal governments, Association officials work closely with local leaders to represent retiree interests at the municipal level.

RECENT ACTUARIAL VALUATIONS: Suburban Melrose, Rural Montague Retirement Systems

JAN 2007 - Periodically, usually every three years, each retirement system is required to undergo an actuarial valuation of their retirement system. This valuation is done by an actuary of the board’s choosing or by PERAC’s actuarial unit headed by Jim Lamenzo.

 

Retirement Board Profile: Quincy

Nov 2006 - Known as the “City of Presidents”, Quincy has long played a
central role in national politics, as well on the local scene in Massachusetts.
The city, which also serves as the gateway to the South
Shore, was the home of the second
and sixth US
Presidents.

A Look At The City Of Lynn Pensions

NOV 2006 - Comparable To State Retirees - Because our Association includes a large number of retired
municipal employees and survivors within our membership, from time-to-time we
focus on the pension demographics of individual retirement systems.

A Look At Pensions In A County Retirement System

JULY 2006 - In recent articles, we have been looking at the salaries and pensions of various communities and the correlation between salaries and pensions.

Milton/Greenfield - A Comparison Of Two Retirement Systems

MARCH 2006 - Pensions: Salaries Make The Difference - Three components come into play when calculating a pension - age, years of service and salary. While age and years of service are a uniform component, salaries are the major reason of why the average pension differs among our retirement systems.

Retirement Board Profile: Gloucester

MAY 2004
- Focus On Retirees Runs Deep - It is fair to say that the main focus of nearly all of the
Commonwealth's 106 retirement boards is bettering the lives of the
members of the retirement system, namely retirees. However, there are
some retirement boards, such as the City of Gloucester, which deserve
special recognition for their dedication to retirees.

Regional Retirement Boards Fully Phased In

MAY 2003
- Continue To Serve Members - In 1997, during the booming up-tick of one of the best economic times
ever recorded, county government in Massachusetts took a dramatic turn
for the worse. What began as a financial crisis in one of the country’s
oldest counties, Middlesex, quickly spread across the state.

Bill Filed To Wipe Out Middlesex Retirement Board

MARCH 2003
- Dissidents Would Create New Board - Legislation, which would abolish the Middlesex Retirement Board as
now constituted and create a new board, has been filed on behalf of a
small number of disgruntled towns.

Haverhill Retirees Organize

SEPTEMBER 2001
-
Firefighters Lead The Way - Led by a group of retired Haverhill firefighters, former employees of
the City of Haverhill are now in the process of organizing a Retired
Haverhill Employees Association.