A variety of annuity plans are available to employee and contingent upon position classification and category and are provided in accordance with applicable laws and regulations.
All annuity deductions are given pre-tax status unless a request to waive pre-tax status is provided in writing. Employees are required to complete a Deduction notification and Authorization Form for any of the Health, Retirement, or Annuity deduction. Employees enrolling in a retirement plan or OBRA shall be required to complete an SSA-1945 Form indicating an understanding of the effects an employee’s enrollment will have on Social Security benefits and deductions.
If an employee is interested in a voluntary supplemental annuity plan, he/she should contact the office of Human Resources for details.
All Regular Exempt employees working in a position of 24-hours per week or more must apply for membership in the City of Quincy’s Retirement System, unless said employee is in and continues under the Massachusetts Teachers’ Retirement System (MTRS). All Regular Faculty members must enroll in the MTRS. Contact Human Resources for enrollment procedures, eligibility, and mandates.
All Limited Part-time (LPT), temporary, and seasonal employees working less than 20 hours per week or no regularly scheduled weekly hours shall enroll in a specified OBRA plan in accordance with the Omnibus Reconciliation Act and as mandated by the City of Quincy.
For further details regarding enrollment mandates, enrollment procedures, forms, and available plans, contact Human Resources.
Original: June 2006