Due to electrical work at our office on 125 CambridgePark Drive, the retirement office will be closed on Monday, December 23. Staff members will be working remotely that day and will still be available via phone or email. The office will also be closed on December 24 and 25 due to the Christmas holiday.
Latest News
11-25-2024
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Due to electrical work at our office on 125 CambridgePark Drive, the retirement office will be closed on Monday, December 9. Staff members will be working remotely and will still be available via phone or email.
10-24-2024
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We’ve heard from several employees recently who received messages in their City of Cambridge email accounts which offer meetings to answer questions about their retirement plans. These messages were NOT sent by the Cambridge Retirement Board. They were sent by a private company that offers life insurance and other financial products. If you have any questions about your retirement plan, please feel free to contact us directly.
09-12-2024
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On September 5, 2024 the Board was updated on the financial health of the Cambridge Retirement System. The attached screenshots show the increase in value of the fund from 2014 to present. The Board is happy to report that we are closing in on $2 billion of assets and with support from the City of Cambridge we expect the unfunded liabilities to be paid up within the next few years.
07-15-2024
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The Member Services Coordinator will provide administrative and clerical support to the Cambridge Retirement System. Under the supervision of management staff, the specific duties of the position include but are not limited to the following:
Essential Duties and Responsibilities
02-09-2024
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Notice of Posting
Executive Director Cambridge Retirement System
Posting Date: 02/09/2024
Closing Date: 03/22/2024
Duties and Responsibilities:
Reporting directly to a five-person Retirement Board, the Executive Director directs the day-to-day operations of the Cambridge Retirement System (CRS). Specific duties include but are not limited to:
01-23-2024
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1099-R forms for 2023 were mailed on January 23. All retirees, beneficiaries and members who took refunds in 2023 will receive one. Please call the Retirement Office if you do not receive your from within seven days.
12-12-2023
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All retirees and spouses who currently receive a reimbursement of Medicare premiums from the City should review this information. The 2024 standard amount for Medicare Part B is $174.70 per month.