Optional Retirement Savings

The Town offers two optional retirement savings plans you may enroll in to suplement your mandatory retirement savings. You may enroll in optional retirement savings at any time by contacting either of our providers listed below.

Once enrolled, the provider will send a deduction schedule to our payroll dept. directly.  Subsequent changes are made through the plan provider, however, you may also want to communicate changes with payroll as well.

Massachusetts Deferred Compensation Smart Plan
The Commonwealth of Massachusetts Deferred Compensation Smart Plan is a voluntary retirement tax-deferred savings plan with many investment options.

Contact: Michael O'Brien, 781-227-4693  Michael.OBrien@empower-retirement.com

Corbridge Financial (formerly AIG/Valic)
Corebridge offers a voluntary retirement, tax-deferred compensation plan with many investment options. There is a 457(b) plan available to town employees and a 403(b)/ 457(b) for school employees.
 
Information on 457(b) plan
Enroll in 457(b) plan
 
Information on 403(b) plan
Enroll in 403(b) plan
 
Contact:  Drew Balestrieri, 617-548-6956  drew.balestrieri@corebridgefinancial.com