Inactive Members / Withdrawals
If you are employed by another municipality and a member of a Massachusetts contributory retirement system, please contact this office so we may transfer your funds and creditable service from the Wellesley Retirement System to your current retirement system.
If you are not employed by another Massachusetts municipality, you may be entitled to withdraw your retirement deductions on account. A withdrawal is payable to you as a lump sum or may be directly rolled over to an IRA or other qualified retirement plan.
Withdraw or Rollover Your Deductions
Please carefully read the memo regarding the withdrawal and rollover forms. The Refund Rollover Form must be notarized or presented in person with an ID. Please note we will automatically withhold 20% for federal taxes on all lump sum withdrawals and that the lump sum may be subject to additional penalties as detailed in the Special Tax Notice.
If you funds remain on deposit, you will remain a member and be entitled to the plan formula and employee contribution rate in effect when you were previously active.
Change of Address
Please provide this office with changes of address so we may continue to contact you regarding your funds in the future, view the Change of Address Form (PDF).