Taunton Retirement

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Please feel free to browse our website to obtain information about our retirement plan. If there is any item you would like more information on, please feel free to click on the "Contact Us" tab and send us an email.

Taunton is one of 106 public employee contributory retirement systems in Massachusetts. The retirement plan serves over 1,400 city employees (excluding teachers) and over 800 retirees & survivors and is managed by a local retirement board consisting of five trustees.

The Taunton Retirement Board is responsible for maintaining approx. $270 million is pension assets for the City of Taunton's retirement system in compliance with Mass. General Laws Chapter 32. The Board's mission is to provide retirement benefits to plan participants and to safeguard the assets of the system. The retirement board is charged with the responsibility of prudently investing the pension assets to maximize the investment returns with the goal of becoming a fully funded system. The plan is a public employee contributory defined benefit plan first established in 1937.

Latest Taunton Retirement News

Retirees & Survivors to receive Cost-of-Living Allowance July 1, 2015

The Taunton Retirement Board voted to grant a 3% cost-of-living allowance (COLA) to all eligible retirees and survivors who retired on or before June 30, 2014.  The 3% COLA is included in the retirement system’s funding schedule and is predicated on good investment results which have come in at over 9% annualized since 1985.  The COLA is applied to the first $15,000 of the retirement allowance.  Therefore the maximum amount a pensioner can receive is $37.50 per month.  Please take note that allowances will change with the direct deposit on July 31, 2015.  A stub will be mailed to all pensioners to verify the new monthly amount.

 
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