Retirement
State-Boston Retirement System
All employees are eligible to participate in the State-Boston Retirement System. For more information, visit the Retirement Board Website.
Deferred Compensation
Employees are eligible to participate in the Commonwealth’s Deferred Compensation Plan (also known as a Section 457 Plan). This allows an employee to shelter income from federal and state income tax through a payroll deduction. Additional information is available at the Massachusetts Deferred Compensation Smart Plan website.
403b Plans
Employees are eligible to participate, at no cost, in tax-sheltered annuities (also known as 403(b) plans). An annuity is a tax-saving, retirement planning device that allows an employee to shelter income from federal and state income tax through a payroll deduction. A representative at a participating company will provide the required payroll deduction form, which must filled out and submitted according to BPS 403b Procedures.
- Metropolitan Life Insurance 800-343-4307 One Research Dr Suite 100A Westborough MA 01581
- ING 781-768-4839 C/O John Mongiello 1601 Trapelo Road Waltham MA 02451
- Putnam Investment Services 800-662-0019 ext 44001 C/O Chris Duttra 100 Financial Park Franklin MA 02038
- Fidelity Investment 800-343-0860 PO Box 770002 Cincinatti OH 45277
- Gaelic Disbursing Co / Horizon Group 781-444-4141 ext 252 (Guy Hughes)
- Equitable 781-237-8264 C/O Ezra E. Shammay P.O. Box 2996 New York, NY 10116
Employee Assistance Program
At no cost, employees and their family members are eligible to participate in an Employee Assistance Program ("EAP"). The EAP is a comprehensive benefit for those looking for solutions to a wide variety of personal and workplace problems such as grief, daily stress, depression, and drug dependency. The EAP's staff members are mental health professionals who are trained to listen, counsel, and refer employees and their family members to appropriate services if necessary. Confidentiality is of paramount importance, and no one at BPS can gain access to a person's EAP records without his or her written permission. Additional information is available in the Office of Human Resources or by calling EAP at 617-635-2200.
