Retirement
The City of Newburport requires employees who work 20 hours a week or more to participate in the Newburyport Retirement System. The contribution rate for most employees will be 9% of regular compensation with an additional 2% if your annual rate of regular compensation of $30,000 or higher.
Newburyport Retirement System Important Links
Public Employee Retirement Administration Commission (PERAC)
Massachusetts Deferred Compensation SMART Plan:
Your Commonwealth of Massachusetts SMART Plan Retirement Plan Advisor is available to provide you one-on-one counseling with personalized account services at no cost to you, such as:
• Enrollment
• Contributions
• Retirement readiness
• Investment choices
• Account review
• Comparison of retirement plans
• Rollovers — Consider all your options and their features and fees before moving money between accounts
Meeting your retirement goals can start with your local retirement plan advisor. Jesenia can help answer general questions about retirement savings, review your retirement strategy and explain the benefits of the SMART Plan. Visit: https://jesenia-interiano.empowermytime.com to schedule your appointment with your local representative today.
Jesenia Interiano
Retirement Plan Advisor
jesenia.interiano@empower.com
VOYA Voluntary 457 Deferred Compensation Plan:
- Through VOYA Financial Services, defer paying taxes on a portion of your income and invest it in a tax deferred basis. Conributions are made through payroll deductions. For questions or to enroll, contact Matthew O'Brien at (781) 796-9862 or matthew.obrien@voyafa.com http://www.voya.com/
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 Beneficiary Designation Request | 518.11 KB |