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.
Latest News
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.
06-15-2023
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It is hereby determined that James Monagle was the only candidate to have submitted valid nomination papers for election to the Cambridge Retirement Board. Therefore, at the meeting of the Cambridge Retirement Board held on Monday, June 12, 2023, the Board voted to declare that James Monagle be considered elected to the Cambridge Retirement Board and that no election shall be held. His term will run from August 1, 2023 through July 31, 2026. He will serve in all respects as though he had been elected by election.
05-23-2023
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Effective on May 29, 2023, there is no parking available behind 125 CambridgePark Drive. Visitor parking is available in the garage at 140 CambridgePark Drive. This garage is across the street from our office, and behind the building at 150 CambridgePark Drive. If you wish to park there you must make an appointment with the Retirement Office at least 24 hours in advance. You will have to press a button at the gate and give your name to security in order to be admitted.