Membership
Any prior policy or regulation for membership has been rescinded by vote of the Newburyport Retirement Board. As of April 24, 2013 Membership Supplemental Regulation, policy and eligibility is as follows:
Any individual who is permanently employed twenty (20) or more hours per week by the City of Newburyport or any of its departments, or by the Newburyport Retirement Board and who earns at least $5,000 in regular compensation as that term is so defined in M.G.L. c. 32, § 1 and 840 CMR 15.03 shall become a member of the Newburyport Retirement System (“System”). In addition to the foregoing, any elected official who earns at least $5,000 per year in regular compensation as so defined may elect to join the System within ninety (90) days of assuming office.