At the time of retirement, all members must choose to receive their retirement allowance under one of three options. The options are Option A, Option B and Option C. The option that a member selects determines how much will be paid to the member each month, and what benefits will be available to beneficiaries following the member’s death. The differences between the options is spelled out in considerable detail in the various retirement guides available here.
The Cambridge Retirement System (CRS) is one of 106 contributory retirement systems in the Commonwealth of Massachusetts. The Retirement System, governed by a five member board, is subject to the provisions of Massachusetts General Laws Chapter 32.
The CRS´s members are actively working for the City of Cambridge, Cambridge Housing Authority, Cambridge Public Health Commission and Cambridge Redevelopment Authority or are retired from one of the above entities. Membership in the Cambridge Retirement System is mandatory for nearly all half-time and full-time employees.
Our office at 100 CambridgePark Drive, Suite 101, is open on Monday from 8:30 am to 8:00 pm, Tuesday through Thursday from 7:30 am to 5:00 pm and on Friday from 8:30 am to Noon. Our telephone number is 617-868-3401. For more information, please see our contact listing.