*** March 31, 2023 retirement deposit includes a 2% cost of living adjustment retroactive to July 1, 2022. The April 28th deposit will be the new ongoing amount. ***
Retirement benefit payments are processed on a monthly basis and dated the last business day of each month. Notice of Deposit Statements are mailed to retirees detailing the breakdown of deductions and tax withholdings, as well as year to date figures. All new retirees are required to receive direct deposit. Please also check your Notice of Deposit for important updates from the retirement office.
To update your direct deposit financial institution, federal tax withholdings, or address, please contact us directly.
Health insurance is available through the Town and premiums may be deducted from your monthly retirement allowance. For more information regarding your health insurance options, please go to the Human Resources' Retiree Health Insurance page.