- Attend a Retirement Planning Seminar
The BTU offers biannual Pension & Retirement Seminars run by Michael McLaughlin,who is a trustee of the Boston Retirement Board and Field Representative for the BTU. These seminars provide helpful information such as the eligibility and calculations rules for a pension, the death benefit coverage that could continue into retirement, the retirement process and other steps you should be taking before you retire to insure that you receive all the benefits to which you are entitled. More information can be found on the Boston Teachers Union website.
- Consult with the Boston City Retirement Board
Call or visit the Retirement Board and speak with a representative that can assist you in understanding the required steps for an easy retirement process. Be sure that you take notes on what documents you will need to provide to the retirement board before your retirement can become effective. A lot of paperwork must be filed in a timely manner to enable the Retirement Board to process your retirement. This is your opportunity to verify the accuracy of information reported to the Retirement Board (i.e., salaries, days of service) and confirm your beneficiary designation. Your eligibility for current and future benefits, as well as the calculation of those benefits, will depend on this information.
If you worked in the private sector either full or part time you also need to check with Social Security to determine if you are eligible to receive Social Security benefits, and if you are eligible what the effects of the Windfall Elimination Provision (WEP) will have on your benefit.
- Severance Pay
Unused sick days can be bought back at 40%. You will need to complete the application
at the Office of Human Capital (formerly Human Resources) at the School Department.
This payment is made in 2 fiscal year installments and mailed to you.
- Teachers Small Annuity Fund
This fund, also known as the “mini-pension fund”, is a lifetime annuity that is due to you from the Boston Public School Teacher Retirement Fund as long as you have vested ten years of service. If you were appointed as a permanent teacher you would have had a small deduction withdrawn from your check. To see if you are eligible for the mini pension you must submit an application. You can pick up an application from the RTC office, or contact Maureen Gage at (617) 635-4165 to request an application.
- What’s Next? Join the RTC
Join the Retired Teachers Chapter of the Boston Teachers Union. Membership keeps you in touch with all union activities. You will receive the Boston Teachers Union newspaper, participate in RTC activities and events as well as maintain your right to vote for the elected officers of the Boston Teachers Union. Teachers and Paras who have been members of the Boston Teachers Union for a minimum of three years are eligible to join the RTC. Once you retire, visit or call the Retired Teachers Chapter to receive an application/blue card to become a member of the RTC. The monthly membership dues are $5.00 for teachers and $2.50 for Para.
The RTC office is open Wednesday and Thursday from 10:00 -2:00 pm.