Retirement Information

Norfolk County Retirement System

The Norfolk County Retirement System (NCRS), established in 1911, governed under Massachusetts General Laws, Chapter 32, is led by a 5 Member Board of Trustees. NCRS is 1 of 105 reciprocal retirement systems within the Commonwealth.

NCRS serves approximately 10,000 active and retired members from the County, 19 towns and 21 authorities and special districts. Retirement System membership is mandatory for employees regularly working 20 hours or more and, upon retirement, retirees receive a defined monthly benefit for life.

Please review the Links below for more information.

• Norfolk County Retirement System Helpful Links
• Massachusetts Public Employee Retirement Guide
• Norfolk County Retirement System Enrollment Form
• Norfolk County Retirement System Beneficiary Form
• Norfolk County Retirement System Change of Address Form

Mass Teachers Retirement System 

The Massachusetts Teachers’ Retirement System is a contributory retirement system governed by the Commonwealth’s retirement law, Chapter 32 of the Massachusetts General Laws. The MTRS, which is the largest of the Commonwealth’s 104 contributory retirement systems, provides retirement, disability and survivor benefits to Massachusetts teachers, administrators and their families.

The MTRS is a defined benefit retirement plan intended to provide a meaningful retirement benefit to the employee who has chosen a career in public service. It operates as a qualified plan under section 401(a) of the Internal Revenue Code.

Please review the Links below for more information.

• Mass Teachers Retirement System Helpful Links
• MyTRS Online Enrollment Instructions
• Retiring from the MTRS
• Retiree Benefits Information 

457b plans:

A 457 Deferred Compensation Plan is a supplemental retirement savings program that allows you to make contributions on a pre-tax basis. Federal, and in most cases, state income taxes are deferred until your assets are withdrawn, usually during retirement when you may be in a lower tax bracket.  

A 457 plan is similar to a 401(k) plan, except there are never employer matching contributions and the IRS does not consider it a qualified retirement plan. Participants can defer some of their annual income (up to an annual limit), and contributions and earnings are tax-deferred until withdrawal. 

Distributions start at retirement age but participants can also take distributions if they change jobs or in certain emergencies. Participants can choose to take distributions as a lump sum, annual installments or as an annuity.

403b Deferred Compensation Plan offered through TSA Consulting Group

When a teacher would like to add an account or update their account, they would need to establish an account with their chosen provider (refer to the list on the website linked below). Once that account is established, please notify the Town's Payroll Administrator and submit a SRA form that can also be found on the website linked below.

Please refer to the Plan Participation Guide on the website below that walks participants through all steps necessary and information on the plans.

TSA Consulting Group Website