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 750 retirees & survivors and is managed by a local retirement board consisting of five trustees.

The Taunton Retirement Board is responsible for maintaining approx. $200 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

2013 Annual Report – Taunton ranks among the top

The Public Employee Retirement Administration Commission (PERAC) recently published its Annual Report which details the financial health of all Massachusetts Public Employee Retirement Systems. 

Taunton finished strong in 2013.Taunton posted a +19.06% return for 2013 and ranked #14 out of 105 systems for the year.  Since 1985, which measures a 29-year period, Taunton has earned an annualized return of +9.95% tying it for 6th place out 105 retirement systems.  

Speaking on behalf of the Board, Chairperson Ann Marie Hebert commented that “the Board is most proud of our long term performance as this is the most indicative statistic of the funding progress made by the plan.  We are long term investors and we are very happy to beat our actuarial benchmark of 8%.  The job is certainly not finished with funding the plan, but this is great news to our plan participants who can be re-assured that the plan is on the right track and that their benefits are secure and sustainable.”

 
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