The Cambridge Retirement System is looking for applicants interested in serving as the 5th member of the Retirement System. The 5th member works with the other four members to ensure that the Retirement System is run in accordance with MGL Chapter 32 as well as local board procedures and policies. Applicants for the 5th member seat may not be an employee, retiree, member of the Cambridge Retirement System or an official of the City of Cambridge, Cambridge Housing Authority, Cambridge Redevelopment Authority or Cambridge Health Alliance. The
It is hereby determined that John Shinkwin was the only candidate to have submitted valid nomination papers for election to the Cambridge Retirement Board. Therefore, at the meeting of the Cambridge Retirement Board held on Thursday, May 11, 2017, the Board voted to declare that John Shinkwin be considered elected to the Cambridge Retirement Board and that no election shall be held. His term will commence on August 1, 2017 and expire on July 31, 2020. He will serve in all respects as though he had been elected by election.
An election is to be held on July 13, 2017 for the purpose of electing a member or retiree of the Cambridge Retirement System to serve on the Cambridge Retirement Board for a term of three (3) years, said term to commence on August 1, 2017.
All holding membership in the Cambridge Retirement System may qualify as a candidate by filing with the Cambridge Retirement Board a nomination paper containing the signatures and addresses of at least twenty (20) members and/or retirees of this system.
Two retirement seminars which had been postponed due to inclement weather have now been rescheduled.
An information seminar for members of the Fire Department which had been scheduled for February 9 will now be held on March 21 at 9:00 am at 31 Smith Place.
The seminar for all City employees (pre-registration required) which had been scheduled for March 14 will now be held on April 16 at 9:00 am at City Hall Annex. All participants who originally registered for the event will be automatically scheduled to attend.
Due to the snowstorm, the Retirement Office will be closed on Tuesday, March 14. The retirement planning forum which had been scheduled will now be postponed to a later date. At this time, we expect the office to reopen for our usual hours on March 15.
The Cambridge Retirement Board is considering an allocation to a global or domestic timber Fund which excludes REITs. Cambridge Retirement Board is looking for a timber fund or a timber and farmland fund. The mandate will be for approximately $25 million. Individual contracts will be awarded and stated in accordance with M.G.L. Ch.
Benefit verifications forms were mailed on Wednesday, March 1. All retirees and beneficiaries who are collecting a monthly allowance must sign and return this form by Friday, April 7. Please feel free to contact the office if you have any questions, or if you do not receive your form by March 8.
Employees are invited to attend a retirement planning forum at City Hall Annex on Tuesday, March 14th from 9:00 am to 11:30 am. Speakers include Sheila Keady Rawson, City Personnel Director; Ellen Philbin, Executive Director of the Cambridge Retirement System and Kristen Albertino from the Social Security Office. Please see the attached information sheet for additional details. Please note that employees are required to register in advance in order to attend.
Due to the snowstorm, the Retirement Office will be closed on Thursday, February 9. At this time, we expect to reopen for our usual hours on Friday.
1099-R forms were mailed on January 23, 2017. All retirees and all members who took refunds in 2016 will receive a form. In most cases, this must be included on your 2017 Federal tax return. It is not neccessary to include this income on a Massachusetts State income tax return. Please feel free to call the office with any questions about your form, or to notify us if you do not receive your form by January 30.