At a meeting of the Taunton Retirement Board on March 26, 2010, the Board met with its actuarial consultant and reviewed the system’s funding schedule and the financial impact of granting a cost-of-living allowance (COLA).  After review and discussion, a motion was made by board member Peter H. Corr, seconded by board member Richard T. Avila, and the board unanimously voted to approve a COLA of 3%. The 3% COLA will be effective July 1, 2010 and only applies to the first $12,000 of a retirement allowance. Therefore, the maximum benefit available will be $360.00 per year ($30.00/month). Eligible retirees/survivors are those who retired on or before June 30, 2009.

At the January 12, 2010 City Council meeting, Mayor Charles E. Crowley appointed city Budget Director Gill E. Enos to the Taunton Retirement Board to serve as his appointee to the board.  Mr. Enos replaces Shauna McCarty-Simas, who was the appointee of former Taunton Mayor Robert G. Nunes.  Ms. McCarty had served since 2004.

Schedule of 2010 direct deposit dates.

The City of Taunton Contributory Retirement System is soliciting proposals from qualified firms to submit written fixed fee proposals to conduct bi-annual actuarial studies of the City’s outstanding pension liability.  All pertinent information is contained in the RFP.

To request a copy of the RFP, please send email to Paul J. Slivinski, Executive Director, Taunton Retirement Board at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Bid deadline: Not later than 3:00 p.m. (Eastern Standard Time) on Thursday, December 10, 2009.

January 29, 2010 @ 9:00 a.m.
40 Dean Street, Unit #3
Taunton, MA. 02780

July 2009: The Taunton Retirement System is currently reviewing Chapter 21, of the Acts of 2009, the so-called “Pension Reform” law.  Chapter 21 redefines some aspects of the law (M.G.L. Chapter 32) governing the prospective pension benefits of current and future public employees. Retirees are not impacted in any way by the new law.

Prior to the Board making any determination, as to how Chapter 21 will be implemented in Taunton, we are awaiting further direction and analysis from the Public Employee Retirement Administration Commission (PERAC). We are also working closely with the city and union representatives to determine how the new law may impact collective bargaining agreements.

If you have any questions or concerns regarding Chapter 21, please feel free to contact our office directly.

At a meeting of the Taunton Retirement Board on December 19, 2008, it was voted to re-appoint A. Joan Ventura to the position of the board’s appointee to the retirement board for a 3-year term running from January 27, 2009 thru January 27, 1012.  Ms. Ventura has been a Taunton board member since November 1996 and is a retired Executive Director from the Bristol County & Norfolk County Retirement Systems with over 35 years of experience in the administration of public employee retirement benefits.

At a meeting of the Taunton Retirement Board on November 21, 2008, a motion was made by board member Richard T. Avila, seconded by board member Peter H. Corr, and the board unanimously voted to approve a cost-of-living allowance of 3%. The 3% COLA will be effective July 1, 2009 and only applies to the first $12,000 of a retirement allowance. Therefore, the maximum benefit available will be $360.00 per year ($30.00/month). Eligible retirees are those who retired on or before June 30, 2008.

Please note the following dates for the retirement allowance payments.

ATTENTION MEMBERS OF THE TAUNTON RETIREMENT SYSTEM 

In light of the dire economic news coming from Washington and Wall Street over the past month the City of Taunton Retirement Board, which is responsible for your pension, would like to ease your concerns as to how the current economic crisis impacts on your retirement benefit.

To be clear, Massachusetts’ public pensions are perfectly safe and secure. Retirees and employees have a contractual right to your pension benefit and it cannot be reduced or taken away. Besides, our defined benefit system is designed to withstand the ups and downs of the global financial market. These are serious times for our country, but thankfully our pensions are not in jeopardy.