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Proof of payment may be the Social Security 1099 or a letter on Social Security letterhead stating how much you paid. An employer may obtain service credit . Payments made by electronic check / ACH are not subject to a service charge. Monahan BOSTON - Legislation to allow the city to offer early retirement incentives to up to 100 city employees is running into controversy on Beacon Hill despite broad local support for the plan that officials said is needed to avoid as many as 190 additional city layoffs. The Actuary for the City of New York estimated that the additional pension contribution would average $110,000 per retiree, which the City would pay over four years, with a one-year lag (years two to five), while . TROY - A total of 33 city teachers have accepted early retirement incentives, saving the school district an estimated $2.8 million as it works to develop a budget for next year. . This hard-fought victory was won thanks to an intensive lobbying effort and campaign by DC 37 and other city unions. You have to give us an address change in writing so we can verify your signature. This is an income supplement designed to bridge the gap between early retirement and eligibility for Social Security. You'll become vested after youve worked in your public service job for 10 years. Retirees can newly enroll in or change plans during the annual enrollment period each springfor coverage that beginson July 1. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. For more information,visit the Massachusetts Public Employee Fund website, or contact them at: Other workers at the City can get dental and vision insurance through their unions. State 2017 Early Retirement Incentive Program (English, PDF 287.29 KB) State 2002 Early Retirement Incentive Program (English, PDF 148.08 KB) State 2004 Early Retirement Incentive Program (English, PDF 106.98 KB) State 2015 Early Retirement Incentive Program (English, PDF 534.44 KB) This section is intended to give you the most up-to-date laws and regulations pertaining to your retirement benefit. $5.55B Massachusetts pension could grow if fed-up teachers retire early Of those employees, about 2,850 employees are eligible for a proposed separation incentive or early retirement buyout plan, according to the City Administrator's Office. your beneficiaries are eligible to get an accidental death benefit, or. Effective July 1, 2011, Massachusetts law mandated that all cities and towns require retirees age 65 and older to apply for Medicare Parts A and B. Charlie Baker, a Republican, as .