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

New Post-Retirement Limits on Employment for Disability Retirees

The law has recently changed regarding the limits that a disability retiree can earn after retirement. With the passage of Chapter 492 of the Acts of 2014, the state legislature amended MGL Chapter 32, §91A which allows public employees receiving a disability pension to earn an additional $15,000 during a calendar year. This calculation will be based on total earnings without regard to the source of the earnings, public or private.

The additional earnings will be allowable for the calendar year that began on January 1, 2015 and will be reported on the member’s Annual Statement of Earned Income for 2015 (to be filed in the Spring of 2016). Therefore, beginning in calendar year 2015, a disabled retiree will be allowed earnings of up to $15,000 above the difference in the salary currently being paid for the position from which he/she retired and the member’s retirement allowance.

It is important to note that this new law did not increase the number of hours that public retirees are allowed to work in the “public” sector. The annual limit remains at 960 hours.  The private sector has no hourly limits.

 
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