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 7:00-3:00 Mon-Thurs, Fridays 7:00 - 12:00 Effective June 1 ending after Labor Day Weekend
(If a later appt. is needed, please call to make arrangements)
The City of Lawrence Retirement Board Members and Office Staff are 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.
Benefits Office 978 620-3065
GIC 617 727-2310
We are pleased to announce that we have implemented an Employee Self Service Portal (ESS) which will give our active and retired members access to data concerning their own individual retirement accounts. You must register and choose a username and password. Once registration is complete, you will be able to access some of your retirement information. Please follow the instructions on the following link for Self-Registration: www.Pensiontechnologygroup.com/Lawrence
Open enrollment for GIC Health Insurance will be April 4th, 2018 - May 2nd, 2018. For more information, contact the Group Insurance Commission. (see below)
RFP for Legal Services
The Lawrence Retirement Board is soliciting proposals for legal services for matters involving the Lawrence Retirement System. To receive a copy of the RFP, please contact Diane Cockroft, Executive Director, Lawrence Retirement Board, 354 Merrimack Street, Entry C, Suite 302, Lawrence, MA 01843. Deadline for submission is April 30th 2018 at 2:00 PM. Email: firstname.lastname@example.org.
COLA UPDATE: We are pleased to announce that at the board meeitng on 3/29/2018, the board unanimously voted to approve a Cost of Living increase of 3% capped at $12,000.00 per year. All retirees with an effective retirement date prior to June 30, 2017 will be receiving this increase effective their July pension check.
Retiree 1099-R's - Please note if you became age 59 1/2 during 2017
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 2015, you will not recieve a form 1099-R unless you had income tax withholdings. Your pension is now defined as NON TAXABLE.
***Public Records Request***
CITY HEALTH INSURANCE - (Excludes LHA & GLRVHS)
GIC Benefits Decesion Guide - click for link
City Benefits Department - 978 620-3065
GIC - 617 727-2310
ANNUAL HEATLH/DENTAL OPEN ENROLLMENT - APRIL 4 – MAY 2 For Changes Effective July 1, 2018
The Group Insurance Commission (GIC) Health Insurance and the City’s Altus Dental Insurance has open enrollment beginning April 4, 2018 and will continue until May 2, 2018. Completed enrollment forms must be turned into the Personnel Department’s Benefits Office no later than , May 1, 2018. Please remember that the Altus Dental insurance is not through the GIC. Altus Dental benefits are independent of GIC through the City of Lawrence.
The GIC Health Insurance rates have changed, most have increased.
RATE CHAGES FOR ALL UNITS OTHER THAN GLRVS WILL TAKE EFFECT IN YOUR JUNE 30TH, 2017 PENSION CHECK
Group Insurance Commission has posted new rates to take effect 7/1/2017 (This will be withheld in your June 2017 pension check). The group insurance website is the best resourse for updates on your health insurance. Health insurance is a City of Lawrence Benefit. Although we try to update our website frequently, as a courtesy to our retirees, we may not have the most up to date insurance information. As always, please feel free to contact our office directly with any questions you may have.
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 are 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;
Site updated 04/04/18