Retirement Plans

Belmont Public Schools employees do not pay into Social Security, but instead make mandatory contributions into one of three retirement systems. The retirement system in which a Belmont Public Schools employee participates is determined by your category of employment and the number of hours you work per week in that category:

• DESE-certified educators (Principals, Central Office Administrators, Unit A & B employees) who are employed in a position of 0.5 FTE or more – Massachusetts Teachers’ Retirement System (MTRS). 

  You must complete and submit this Payroll Information Form as part of your hiring paperwork. You will receive an MTRS Enrollment Assignment Sheet from BPS payroll in the mail. Please complete your registration upon receipt.

• DESE-certified educators (Principals, Central Office Administrators, Unit A & B employees) who are employed in a position of less than 0.5 FTE – Massachusetts Deferred Compensation SMART Plan (OBRA). 

  You must complete and submit this OBRA enrollment form as part of your hiring paperwork.

• BPS employees in non-teaching positions who work less than 20 hours per week –Massachusetts Deferred Compensation SMART Plan (OBRA). 

  You must complete and submit this OBRA enrollment form as part of your hiring paperwork.

• BPS employees in non-teaching positions who work 20 hours or more per week – Town of Belmont Retirement System. 

  Please contact Robert SooHoo or Ryan Horan in the Town Retirement Office at 617-993-2792 to enroll.

Please find the employment category above to which you belong. Complete the required form for that category and return it with your other employment forms to the Human Resources Department located at the School Administration Building 644 Pleasant Street, Belmont, MA 02478.

Information on retiree medical and dental plan rates, coverage and enrollment forms can be found at the Town HR Benefits webpage.