Wellesley Retirement Board Local Options

Options marked "Yes" have been documented by PERAC as accepted by the retirement board.
Local OptionsAccepted Local Option?
Increase in Member-Survivor Minimum Allowance ($250 to $500)No
10 Year Ordinary Disability Retirement EligibilityYes
Option C Pop-UpYes
3 Year Average Compensation for Termination AllowancesNo
Placing EMTs in Group 4No
Call Firefighter Creditable Service (1)No
Call Firefighter Creditable Service (2)Yes
Creditable Service During Layoff for Police and FireYes
Creditable Service While on Leave Acting as a Union RepresentativeNo
Supplemental Allowance for Dependents of Accidental Disability RetireesYes
Increasing Benefits for Surviving Children of Accidental Disability RetireesNo
Disability Retirement Benefits for Veterans: 
     Section 1Yes
     Section 2No
Veteran's BuybackYes
Increase in §101 Benefit: 
     Acts of 2010 ($9,000)No
     Acts of 2012 ($12,000)No
Non-Contributory Retiree Cost of Living AdjustmentYes
Retirement Board Member CompensationNo
Indemnification of Retirement Board MembersNo
Remote ParticipationYes
Increase COLA Base -
FY 2024 $19,000 
FY 2025 $20,000
FY 2026  $21,000
Yes

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