Retirement

Overview

City of Amesbury Massachusetts Incorporated 1668The Amesbury Municipal Contributory Retirement System is one of 104 contributory retirement systems for public employees within the Commonwealth of Massachusetts.

All 104 systems, although operating independently are bound together under one uniform retirement law, Chapter 32 of the Massachusetts General Laws. Chapter 32 establishes benefit contribution requirements, accounting, and funding structure for the system. The Public Employee Retirement Administration Commission (PERAC) created by Chapter 306 of Acts of 1996 oversees these systems and ensures all board actions are in compliance with Chapter 32.

The Amesbury Retirement System is administered by a five-member board, consisting of two elected members, one member appointed by the Mayor, the Chief Financial Officer who serves as an ex-officio member, and one member who is appointed by the other four members.

Retirement Documents

Pension Payroll Calendar 2022

Direct deposit of the monthly benefit occurs on the last business day of the month.
Month 2022 Payment Dates
January Monday, January 31
February Monday, February 28
March Thursday, March 31
April Friday, April 29
May Tuesday, May 31
June Thursday, June 30
July Friday, July 29
August Wednesday, August 31
September Friday, September 30
October Monday, October 31
November Wednesday, November 30
December Friday, December 30
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