Subject: |
Regulation: |
MEMBERSHIP: |
September 9, 1993 That employees of the HUD grant “Secretaries Special Project-School Drop Out Prevention Activity Grant” be eligible for membership in the Framingham Retirement system if employed 20 hours per week and current employees shall continue their membership under this grant. August 12, 1991 That seasonal employees will not be eligible for membership in the retirement system. May 16, 1991 Membership That temporary full-time employees join the retirement system as of the date of their employment. December 12, 1984 Effective April 1, 1981, all new employees who are employed a minimum of 20 hours per week, must become members of the Retirement System.
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CREDITABLE SERVICE: |
December 29, 1997 Full-time service shall be based on the individual department’s hourly requirement for full time service. Part-time service shall be based on actual hours worked that are less than the department’s required full-time hours, to be prorated only on the conditions listed below. A part-time employee shall be granted one year of creditable service for each calendar or school year worked and upon retirement the allowance shall be based on their average highest consecutive three-year salary. A full-time employee who takes a part-time position in the last years, prior to retirement, shall have the part-time service prorated. A part-time employee who takes a full-time position prior to retirement shall have the part-time service prorated and the retirement allowance based on their highest consecutive 36-month salary. A part-time employee who takes a full-time position in the last three years prior to retirement shall have the part-time service prorated and the retirement allowance based on the average of their highest consecutive three-year salary. Part-time employees who were never employed on a full- time basis shall have a retirement allowance calculated on the basis of one year of credit for each year worked and the retirement allowance based on the average of their highest consecutive three year salary. (NOTE: This rule is repeated twice in the Board’s letter of October 23, 1997.) Part-time employees who transfer their service to another municipality shall be given creditable service, prorated, based on actual service rendered. Part-time employees who take a refund and then take a position in another municipality, upon their request to repay the funds, shall be given creditable service, prorated, based on actual service rendered. September 4, 1997 Veterans’ Buy-Back: All veterans, eligible under chapter 71 of the acts of 1996, shall have the following options on the purchase of their military time. Payment may be made in a lump sum or through payroll deductions for a period of up to five (5) years. Payment must be received in a lump sum prior to retirement or resignation. Veterans with a legitimate hardship in purchasing their military time through the above methods can request a hearing before the Retirement Board. December 16, 1996 Buy-Backs: A member must have worked a minimum of twenty (20) hours per week for a buyback or make up payment of non-membership service. Creditable service will be prorated as it bears against full time service.
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REGULAR COMPENSATION: |
January 16, 1996 That the stipend paid to members of the hazardous materials response team be considered regular compensation for retirement purposes. August 16, 1995 That the annual stipend for superintendents shall be considered a payment in lieu of overtime compensation and therefore, not considered regular compensation for retirement purposes. May 3, 1995 The stipends being paid on a monthly basis to the Parking Commissioner and the hearing officer shall be considered regular compensation for retirement purposes. May 26, 1994 That the $50 safe driver award for bus drivers who have been accident free for four years not be included as regular compensation for retirement purposes. May 26, 1994 That the $150 stipend awarded to assistant teachers and secretaries not be included as regular compensation for retirement purposes. September 29, 1993 The Hazardous Material Training Stipend, which is 2% of the base salary and is paid once a year in December, shall be considered regular compensation for retirement purposes effective July 1, 1992. September 29, 1993 The EMT Pay and Training effective July 1, 1993, which was increased $250 for an EMT FF in the top step and a payment of $750 for all other EMT’s be considered regular compensation for retirement purposes. September 29, 1993 The Defibrillator Training pay of $100, which is paid annually, be considered regular compensation for retirement purposes. September 23, 1991 That training pay which is a percentage of base pay and paid as part of a weekly salary be considered regular compensation for retirement purposes March 19, 1991 That uniform allowance being paid to various departments not be considered regular compensation for retirement purposes as the board is of the opinion that these are reimbursements for expenses or necessary costs of employment. November 23, 1987 Educational increments paid to certain library employees shall not be considered regular compensation for retirement purposes due to the fact that it is a bonus which is not paid to everyone within the department, but only those who obtain the credits while in the employ of the Town and who are not required to have the credits for their position.February 28, 1986 Regular Compensation: Merit payments are not considered regular compensation for retirement purposes but considered a bonus as this payment is not continuing in nature but a single payment over and above the normal salary due for the position.
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MISCELLANEOUS: |
December 29, 1997 Birth/Marriage/Death Records: That certified birth certificates, marriage certificates and death certificates can be shown to the Retirement Board and a photo static copy will be made for the Retirement Office to be kept in the member’s folder. December 5, 1997 Disability Applications: All disability applicants shall be responsible for the following: June 6, 1990 Record Retention: That no original record from an employee or retiree folder be permitted to leave the retirement office. October 28, 1987 Membership/Federal Grant Employees: Those employed in a non-teaching position for a minimum of 20 hours per week under Chapter 188 shall become members of the Retirement System and that an amount equal to the future pension costs incurred because of the federal grant shall be forwarded to the Retirement System in accordance with the provisions of chapter 661 of the acts of 1983. December 12, 1984 Expense Fund: To maintain $10,000 in a specified bank and to issue a check each week for any available excess funds to be forwarded to the Massachusetts Municipal Depository Trust Company until such funds are required to meet expenses. December 12, 1984 Expense Fund: To transfer any funds necessary to meet expenses as such funds are required, from the Massachusetts Municipal Depository Trust maintain $10,000 in a specified bank and to issue a check each week for any available excess funds to be forwarded to the Massachusetts Municipal Depository Trust Company until such funds are required to meet expenses. December 12, 1984 Advance Payments: That the rules and regulations to implement the provisions of G.L. c. 32, § 99 shall be as follows: December 12, 1984 Verification of Dependent Status: Each September and January, verification is required from the educational institution that a dependent over the age of eighteen is currently enrolled as a full-time student, verification must be furnished of the last date he/she attended classes.
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