Retirement

COVID-19 Update

Due to the coronavirus crisis, the Retirement Office is currently closed to the public.  The staff is working and will respond to all calls and emails.  We are receiving incoming mail at weekly intervals (on Fridays).  Thank you for your patience as we continue to adjust our processes in response to this unfolding situation.

All direct deposits will be continue to be processed as usual on the last business day of the month.  Notices of deposits will be continue to be mailed but may arrive later than usual. The few remaining retirees that receive physical checks are being transitioned over to direct deposit.  For those transitioning from check to direct deposit, your direct deposit will begin with April’s payment.

The direct deposit schedule for the rest of 2020 is as follows: March 31st, April 30th, May 29th, June 30th, July 31st, August 31st, September 30th, October 30th, November 30th, December 31st.

Please contact the Retirement Office by phone at 587-1211 if you have any questions or concerns.  Thank you.

Retirement Board

The Northampton Retirement Board is one of 106 contributory retirement systems for public employees within the Commonwealth of Massachusetts. Although each system operates independently, they are all bound together under one uniform retirement law, Chapter 32 of the Massachusetts General Laws.

Chapter 32 establishes benefits and contributions requirements, as well as accounting and funding structures for all 106 systems. The Public Employee Retirement Administration Commission (PERAC) oversees these systems and ensures all boards act in compliance with Chapter 32. It is the responsibility of the Northampton Retirement Board to administer benefits for employees and retirees of the City of Northampton, the Northampton Housing Authority, Forbes Library, and Lilly Library.

 

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