WE ARE CURRENTLY LOCATED AT

Riverwalk, 354 Merrimack Street, Entry C - 3rd fl, Lawrence, MA 01843

Phone (978) 620-3570 - FAX (978) 683-5894

Hours 7:30 - 3:00 pm (see below)

Summer Hours effective June 1st - 7:00-3:00 Mon-Thurs, Fridays 7:00 - 12:00

(If a later appt. is needed, please call to make arrangements)

** Please NOTE: Our office will be closed for the Spring MACRS training Monday June 1st, Tuesday June 2nd, Wednesday Jun 3rd

Riverwalk

 

 

 

 

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.

Click here for information on our board profile including supplemental regulations, annual reporting and audits.

NOTICE OF ELECTION

  TO: ALL ACTIVE MEMBERS AND RETIRED EMPLOYEES OF THE LAWRENCE RETIREMENT SYSTEM  

SUBJECT: ELECTION OF SECOND MEMBER OF THE LAWRENCE RETIREMENT BOARD

  DATE: June 26 th , 2015

There will be an election for the Second Elected Member of the LAWRENCE RETIREMENT BOARD. In order to be eligible 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 beginning June 29 th , 2015 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 3:00 p.m. on Thursday , August 20 th , 2015.

The election will be conducted by mail. Ballots will be mailed once candidates are determined and must be returned to the Retirement Office, BY MAIL ONLY, prior to the last mail delivery on Monday, October 5 th , 2015

Tabulation of Ballots will be conducted Tuesday, October 6 th , 2015 in the Retirement Office, beginning at 9:30 a.m.

Benefits Office 978 620-3065
GIC 617 727-2310

Retiree 1099-R's - Please note if you became age 59 1/2 during 2014

Due to the IRS Private Letter Ruling and Determination Letter, superannuation (non disability) retirees who turned 59 1/2 during a calendar year will recieve 2 forms 1099-R for that calendar year. One will be created with a distribution code 2 (under age 59 1/2) one with a distribution code 7 (over age 59 1/2). All subsequent years your 1099R will be coded 7.

ALSO Please note, IRS ruling on Accidental Disibility Survivors Section 101 - Effective this year, you will not recieve a form 1099-R unless you had income tax withholdings. Your pension is now defined as NON TAXABLE.

 

*** RESERVE TIME ***

GROUP 4 MEMBERS - On June 21, 2013, the Contributory Retirement Appeals Board (CRAB) issued a decision on call firefighters which has an effect on the implementation of G.L.C. 32, § 4(2)(b) for current and future members. (section of MGL Ch 32 which pertains to reserve time for police officers and firefighters.)

Memo and applications will be mailed on 2/8/2014 - click here for a copy of what is being sent out

CITY HEALTH INSURANCE - (Excludes LHA & GLRVHS)

2015-16 GIC Benefits Decesion Guide - click for link

City Benefits Department - 978 620-3065
GIC - 617 727-2310

RATE CHAGES FOR ALL UNITS OTHER THAN GLRVS WILL TAKE EFFECT IN YOUR JUNE 30TH, 2015 PENSION CHECK

Health Insurance Rate Change for GLRVS will take effect in your September 2015 pension check. - Questions, please contact Jill Walden at (978) 686-0194 x1029

GLRVHS Health Insurance Rate Increase

Effective your September 2015 Check:

GLRVHS Health Insurance Rate Increase Effective your September 2015 Check:  

Current Monthly Rate ..............NewRates 9/1/2015

$ 104.39 - $108.60 ......................$ 144.68

$ 208.81 - $284.07...................... $ 289.36

$ 289.26 - $289.35...................... $ 385.68

$ 663.85........................................ $ 760.67

** Please note: For many of you, your life insurance Premium of $0.03 is included in your rate. This will be separated and have its own line item as of 9/1/15.

City/Police/Fire/DTD 7-2015 medicare and non medicare rates - click

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.

GIC WEB PAGE

** 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;

 

RETIREMENT PENSION CALCULATOR

Link to Pension Reform

Perac Pension News 21 (helps break down phase II of Pension Reform)

 

 

Site updated 07/08/2015

Contact Us | ©2004 Lawrence Retirement System | Site designed and developed by Gina Rizzo, LRB | Hosted by City of Lawrence .