Retiree and Beneficiary Information

Benefit Payment


Retirement benefit payments are processed on a monthly basis and dated the last business day of each month. Notice of Deposit Statements are mailed to retirees detailing the breakdown of deductions and tax withholdings, as well as year to date figures. All new retirees are required to receive direct deposit. Please also check your Notice of Deposit for important updates from the retirement office.

To update your direct deposit financial institution, federal tax withholdings, or address, please complete, sign, and return the applicable form:
Direct Deposit Form (PDF).
IRS Form W-4P (PDF).
Change of Address Form (PDF).
 

Health Insurance


Health insurance is available through the Town and premiums may be deducted from your monthly retirement allowance.  For more information regarding your health insurance options, please go to the Human Resources' Health Insurance page.