The Taunton Retirement Board is a local retirement system in Taunton, Massachusetts, serving over 1,278 city employees and 947 retirees and survivors. Managed by a five-trustee retirement board, the system is responsible for maintaining approximately $393 million in pension assets for the City of Taunton's retirement plan, in compliance with Massachusetts General Laws Chapter 32. Their mission is to provide retirement benefits to plan participants and safeguard the system's assets, with the goal of becoming a fully funded system.
Established in 1937, the Taunton Retirement Board operates as a public employee contributory defined benefit plan. They are charged with prudently investing the pension assets to maximize investment returns and offer a range of resources, including retirement news, forms, calculators, and frequently asked questions, to assist plan participants. With a commitment to transparency, the board also provides public records requests and various reports to ensure accountability and effective management of the retirement system.
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