WE ARE CURRENTLY LOCATED AT
Riverwalk, 354 Merrimack Street, Entry C - 3rd fl, Lawrence, MA 01843
PH (978) 620-3570 - FX (978) 683-5894
Hours 8:30 - 4:00 pm
(If a later appt. is needed, please call to make arrangements)
Welcome
The City of Lawrence Retirement Board Members and Office Staff are always on hand and ready to assist you with any questions you may have regarding your retirement system. As always we would like to encourage our members and retirees to contact the office with any questions or concerns that may arise. This web site was created so that our members and retirees would have yet another tool to find information regarding their municipal pension. We hope you find our site informative and easy to navigate. We are happy to have you as a visitor and encourage you to come back often!
This information is not intended as a substitute for the Massachusetts General Laws nor will its interpretation prevail should a conflict arise between its contents and MGL Chapter 32. Rules governing retirement benefits are subject to change periodically either by statute of the Massachusetts Legislature or by regulation of the Lawrence Retirement Board.
There will be an election for the Second Elected Member of the LAWRENCE RETIREMENT SYSTEM. In order to be eligible to run for candidacy or vote in the election, you must be either an active or retired member of the Lawrence Retirement System.
If interested, Nomination papers are available NOW at the Retirement Office located at 354 MERRIMACK STREET – ENTRY C, LAWRENCE. Anyone wishing to run for the upcoming board member position must return the nomination papers containing signatures and addresses of at least twenty (20) Active members or retirees of the Lawrence Retirement System. Nomination papers must be returned prior to the close of business at 4:00 p.m. on Monday, August 20th, 2012.
IMPORTANT HEALTH INSURANCE INFORMATION** If you are eligible to enroll in Medicare Part B, you must do so immediately. Any questions can be directed to the benefits department at 978 620-3065. If you do not enroll, the Group Insurance Commission may deny membership in their plan.
** There will be significant changes in the retirement laws for those who become members of a Retirement System on or after April 2, 2012.
** Please note: If you refund (withdraw) your account and return to service after April 2, 2012, you will fall under the new guidelines.
Below is a list of some of the changes. Click here for a link to an indepth list of more changes
- Increased minimum retirement age; (Group 1 cannot retire prior to attaining age 60)
- New age factors for calculating retirement allowances;
- The unavailablility of the G.L. c. 32, 10 Termination allowance;
- The applicability of G.L. c. 32 105 to elected officials;
- Five Year Average Annual Rate of Regular Compensation for calculating allowances rather than a three year average;
- Proration of benefits earned for service in different Group classifications;
- New contribution rates;
Perac Pension News 21 (helps break down phase II of Pension Reform)
Site updated 07/24/2012
