Retirement

Overview

The 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 2026

Direct deposit of the monthly benefit occurs on the last business day of the month.
Month 2026 Payment Dates
January Friday, January 30
February Friday, February 27
March Tuesday, March 31
April Thursday, April 30
May Friday, May 29
June Tuesday, June 30
July Friday, July 31
August Monday, August 31
September Wednesday, September 30
October Friday, October 30
November Monday, November 30
December Thursday, December 31
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