Established in 1936 the Braintree Contributory Retirement System (BCRS) currently has over 700 active members, and in excess of 500 retirees. The Board consists of two elected members (nominees must be active or retired members), two appointed members by the Executive Authority, and the fifth member shall be an independent member appointed by the other four members.
While it is our aim to educate our membership, this word also serves as an acronym which defines our seven guiding principles:
- Data integrity
- Unbiased decision making
- Conservative and careful investment approach
- Efficient delivery of services
Through the utilization of a well-trained staff, we administer a pension benefit plan that provides three core benefits: superannuation retirement, disability coverage (accidental and ordinary), and death benefits. Eligibility for these benefits depends on factors such as a member's age, earnings, creditable service, and group classification. The staff is also well versed in areas of membership portability, prior service, and health benefits.
- How do I qualify for membership in the Braintree Contributory Retirement System?
- As an active member, can I borrow from my pension deductions?
- What if I choose to no longer contribute the Braintree Contributory Retirement System? Can I stop my deductions at any time?
- If there is a change in my marital status or if I move, are there any important forms that I need to complete at your office?
- If I worked for the Commonwealth or in a Massachusetts municipality or county prior to my employment with Braintree, will my previous service time count towards my Braintree Retirement?
- Will my employer find out if I make a retirement inquiry? When is my employer notified of my impending retirement?
- Will my retirement allowance last for an indefinite period or will it cease after a determined amount of years?
- Before I retire, should I visit the Social Security Office, and why?
- How is my pension calculated?
- As a retiree, if I live out of State for several months, should I notify the Retirement Office when I return?