City of Boston
 
 
Retirement Department
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City Departments
Retirement Board
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.

Kathleen Kiely-Becchetti, Esq., Executive Director
 

The Boston Retirement Board Members:

Sally Glora, City Auditor
John J. Perkins, Chairman, Elected by Board Members
Sean Kelly, Elected Member
Michael McLaughlin, Elected Member
Mitchell Weiss, 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.
 

Some Facts & Figures
  • 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
 

Budget
Boston Retirement Board Operating Budget PDF

 

2009 Pension Payroll - Mailing & Deposit Dates
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 27, 2009
  • February 24, 2009
  • March 31, 2009
  • April 28, 2009
  • May 26, 2009
  • June 30, 2009
  • July 28, 2009
  • August 25, 2009
  • September 29, 2009
  • October 27, 2009
  • November 19, 2009
  • December 18, 2009
 

Forms & Applications

 

Age Group 1Group 2Group 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
551.5 2.0 2.5
54 1.41.4 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


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Department Announcements
Executive Director Chosen for Boston Retirement Board
Details External Link
Retirement Benefits Calculator Provided by
The Commonwealth's Office of The Treasurer www.mass.gov/treasury/
retcalbene.htm External Link
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.
Read details »
Mandatory Social Security Form 1945
For all new employees hired on or after January 1, 2005:
www.socialsecurity.gov/
form1945 External Link
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