The Retirement Board's mission is to oversee the investment of the Retirement System's assets, to adopt actuarial assumptions necessary to properly fund the Retirement System and to counsel members and administer retirement, disability and death benefits in accordance with the law.
Sally Glora, City Auditor
John J. Perkins, Chairman,Elected by Board Members
Sean Kelly, Elected Member
Michael McLaughlin, Elected Member
Vacant, Appointed by Mayor
The board consists of two (2) members elected by active and retired members of the system; the city auditor (ex officio); one (1) member appointed by the Mayor of Boston; and one (1) member who is elected by the other four members of the board. The City of Boston Retirement Board serves members and retirees of all city line departments and agencies, as well as, the School Department, the Boston Redevelopment Authority, the Boston Housing Authority, the Public Health Commission, and the Boston Water & Sewer Commission.
There are 14,000+ retired members of the system
There are 20,000+ active employee members of the system
The present value of the system's assets is approximately $3.1 billion dollars
Presently in Massachusetts there are 106 mandatory contributory retirement systems
Boston Retirement Board Operating Budget
Monthly pension checks will be mailed on the last Tuesday of each month. Direct deposit funds will be credited to accounts on the last Tuesday of the month, as well. November & December benefits will be issued earlier in the month to accommodate the holidays.
January 26, 2010
February 23, 2010
March 30, 2010
April 27, 2010
May 25, 2010
June 29, 2010
July 27, 2010
August 31, 2010
September 28, 2010
October 26, 2010
November 18, 2010 (Thursday)
December 17, 2010 (Friday)
| Age | Group 1 | Group 2 | Group 4 |
| 65+ | 2.5 | 2.5 | 2.5 |
| 64 | 2.4 | 2.5 | 2.5 |
| 63 | 2.3 | 2.5 | 2.5 |
| 62 | 2.2 | 2.5 | 2.5 |
| 61 | 2.1 | 2.5 | 2.5 |
| 60 | 2.0 | 2.5 | 2.5 |
| 59 | 1.9 | 2.4 | 2.5 |
| 58 | 1.8 | 2.3 | 2.5 |
| 57 | 1.7 | 2.2 | 2.5 |
| 56 | 1.6 | 2.1 | 2.5 |
| 55 | 1.5 | 2.0 | 2.5 |
| 54 | 1.4 | 1.4 | 2.4 |
| 53 | 1.3 | 1.3 | 2.3 |
| 52 | 1.2 | 1.2 | 2.2 |
| 51 | 1.1 | 1.1 | 2.1 |
| 50 | 1.0 | 1.0 | 2.0 |
| 49 | 0.9 | 0.9 | 1.9 |
| 48 | 0.8 | 0.8 | 1.8 |
| 47 | 0.7 | 0.7 | 1.7 |
| 46 | 0.6 | 0.6 | 1.6 |
| 45 | 0.5 | 0.5 | 1.5 |
| 44 | 0.4 | 0.4 | 0.4 |
| 43 | 0.3 | 0.3 | 0.3 |
| 42 | 0.2 | 0.2 | 0.2 |
| 41 | 0.1 | 0.1 | 0.1 |
Learn more about public pension fraud
The Public Employee Retirement Administration Commission (PERAC) was created for and is dedicated to the oversight, guidance, monitoring, and regulation of the Massachusetts public pension systems.
Executive Director Chosen for Boston Retirement Board
Trustees of the State-Boston Retirement System have chosen Kathleen Kiely-Becchetti as Executive
Director.
Retirement Benefits Calculator Provided by
The Commonwealth's Office of The Treasurer
Special Tax Notice For Retired Public Safety Officers
The IRS recently released new tax forms, instructions and publications for the 2007 tax year. Of interest to all retired governmental public safety members.
Mandatory Social Security Form 1945
For all new employees hired on or after January 1, 2005: