The Cambridge Retirement System is seeking proposals from qualified vendors for Portfolio Monitoring Services. The System has approximately $1.3 billion in assets, for information regarding the System, visit the Board’s website at, cambridgeretirementma.gov. The portfolio monitoring and any associated evaluation and counseling services will be offered at no cost to the Board.
Latest News
09-25-2019
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Ballots for our election were counted on September 24, 2019. Results were as follows:
Frank Murphy 712 votes
John R. Mulligan 277 votes
As a result of the election, Frank Murphy is re-elected to a 3-year term on the Cambridge Retirement Board, starting October 1, 2019.
08-09-2019
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Ballots for the election to a seat on the Cambridge Retirement Board were mailed on August 9, 2019. All active members, inactive members and retirees are eligible to vote. Persons collecting only a survivor benefit are not eligible to vote. Ballots must be returned by 3:00 PM on Tuesday, September 24 in order to be counted. If you have any questions, or if you do not receive your ballot within one week, please contact the Retirement Office.
07-18-2019
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The Cambridge Retirement Board has voted to approve a cost of living adjustment. Retirees will see the increase in the July payments. All retirees and beneficiaries who retired on or before June 30, 2018 are eligible to receive the increase. Persons who retired after that date will eligible for next year's COLA. The COLA is based on the first $16,000 of earnings, therefore the maximum increase is $40 monthly.
05-24-2019
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An election is to be held on September 24, 2019 for the purpose of electing a member or retiree of the Cambridge Retirement System to serve on the Cambridge Retirement Board for a term of three (3) years, said term to commence on October 1, 2019.
All holding membership in the Cambridge Retirement System may qualify as a candidate by filing with the Cambridge Retirement Board a nomination paper containing the signatures and addresses of at least twenty (20) members and/or retirees of this system.
03-29-2019
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Due to a recent Division of Administrative Law Appeals (DALA) decision, the Cambridge Retirement Board (CRB) can no longer allow its members to designate multiple beneficiaries under Option D. To ensure that our members have Option D forms that comply with the decision, we are requesting members who previously designated multiple beneficiaries for Option D to complete a new form designating one beneficiary.
What are the two payout options for my beneficiary with the CRB?
02-26-2019
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The 2019 annual affidavit for retirees and survivors was mailed on February 26th. All persons who recieve an allowance from the Cambridge Retirement System must complete and return the affidavit no later than April 12, 2019. Failure to return the form by that date may result in an interruption of the retirement benefit. If you do not receive your form within a week, please call the office to rqeuest a new copy.
02-07-2019
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The Cambridge Retirement Board has issued two separate Requests for Proposals. The first is for an allocation to bank loans, with a mandate of approximately $35 million. The second is for an allocation to an open-end infrastructure fund, with a mandate of approximately $10 million.
01-25-2019
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1099-R forms were mailed on January 24th. All retirees, beneficiaries and members who received payments in 2018 should receive a form. In most cases, this information must be included on your 2018 tax return. Please contact the retirement office if you do not receive your 1099-R within one week. In addition, documentation of health insurance payments were mailed to all Group 4 retirees.