Lawrence Retirement Board
Proudly Serving the Municipal
Employees and Retirees of the
City of Lawrence
We are located at Riverwalk
354 Merrimack St. - Entry C - 3rd Fl
Lawrence, MA 01843
Phone - 978 620-3570
Fax - 978 722-9490
Hours - Monday-Thursday 7:00-3:00
Friday 7:00-12:00
* Office closed Monday April 15th
Welcome
The City of Lawrence Retirement Board Members and Office Staff are ready to assist you with any questions you may have regarding your retirement system. As always we would like to encourage our members and retirees to contact the office with any questions or concerns that may arise. This web site was created so that our members and retirees would have yet another tool to find information regarding their municipal pension. We hope you find our site informative and easy to navigate. We are happy to have you as a visitor and encourage you to come back often!
This information is not intended as a substitute for the Massachusetts General Laws nor will its interpretation prevail should a conflict arise between its contents and MGL Chapter 32. Rules governing retirement benefits are subject to change periodically either by statute of the Massachusetts Legislature or by regulation of the Lawrence Retirement Board.
Our Board is governed by the Public Employee Retirement Administration Commission, PERAC. Their mission is to provide regulatory oversight and guidance for the effective, equitable, and ethical operation of the Commonwealth of Massachusetts’ public pension systems.
Events & Updates
All monthly meetings are held in our conference room located at 354 Merrimack St., Entry C, 3rd Floor, Lawrence Ma 01843
Upcoming Board Meeting:
Thursday, May 30th, 2024 @ 8:30 a.m.
Current Agenda
Attention Retirees:
The Massachusetts Group Insurance Commission (GIC) open enrollment will be April 3 - May 1, 2024 for changes effective July 1, 2024. The GIC has announced a number of plan changes for June premiums and July coverage.
As a GIC member, Annual Enrollment is your opportunity to review benefit options and better understand the upcoming plan year changes to make coverage updates for benefits effective July 1, 2024.
Please Note: GIC RATE CHANGES EFFECTIVE YOUR JUNE PENSION CHECK
To enroll in GIC MYGICLink Click HERE
2023-2024 Benefit Guide 2023 Altus Dental Benefit Summary
Bi-Annual verifications for pensions paid in 2022 were sent out the first week of January - Please note, new this year, you will have two options, either have your verification notarized or bring it in person, with an ID for us to verify. Failure to return your form will result in your pension being stopped. THANK YOU to everyone that returned your form. The next mailing will be January of 2024.
Cost of Living Increase (COLA)
Please note: if you retired prior to June 30th, 2023 you will see an increase in your July 31st, 2024, pension check. The cost of living was granted at a rate of 3% on the first $14,000 of earnings. Maximum COLA is $35 per month.
Cost of Living Increase (COLA) Base Increase
Update: 10/4/22 - We are happy to announce that the Lawrence City Council unanimously approved the boards recommendation to increase the COLA base from 12K to 14K effective July 2023.
Post Retirement Earnings:
Calendar Year 2022 Waiver of Section 91 Limits for Superannuation Retirees in
the Public Sector
2023 returns retirees to the original Section 91 Limits.
The City of Lawrence Retirement Board Members and Office Staff are always on hand and ready to assist you with any questions you may have regarding your retirement system. As always we would like to encourage our members and retirees to contact the office with any questions or concerns that may arise.
Our board fund is currently managed by the Pension Reserves Investment Management Board - PRIM
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