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Taunton is one of 104 public employee contributory retirement systems in Massachusetts. The retirement plan serves over 1,278city employees (excluding teachers) and over 947 retirees & survivors and is managed by a local retirement board consisting of five trustees.

The Taunton Retirement Board is responsible for maintaining approx. $393 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.

Next Direct Deposit

June 2024

Next Board Meeting

June 2024

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March 26, 2024

The Taunton Retirement Board has approved a 3% COLA effective July 1, 2024 for all eligible retirees and survivors of the system who retired on or before June 30, 2023.  At its Feb. 28, 2024 board meeting, member Barry J. Amaral made the motion to approve, seconded by member Thomas A. Bernier and the vote was unanimous to provide retirees and survivors with the increase.  Other members of the board voting in favor were Chairman Dennis M. Smith, Gill E. Enos and Ian D.