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)

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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PDF icon Beneficiary Designation Request518.11 KB