The Somerville Retirement Board in Somerville, MA is responsible for administering the Somerville Retirement System, a contributory defined benefit plan for eligible employees. Established in 1945, the system is governed by Chapter 32 of the Massachusetts General Laws and regulated by the Public Employee Retirement Administration Commission (PERAC). Membership in the plan is mandatory for permanent, full-time employees, except for school department employees in teaching roles, whose pensions are administered by the Massachusetts Teachers Retirement Board.
The Somerville Retirement Board office hours are Monday to Thursday from 8:30 AM to 5:00 PM, with Fridays closed. Appointments are recommended, and a mail drop box is available for after-hour document drop-off. The board is committed to efficiently serving its members and can be contacted via phone, fax, or email. The retirement system operates under PERAC guidelines and conducts independent audits every 2-3 years to ensure compliance and accuracy in retirement calculations.
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