Peabody Retirement Board Local Options

Options marked "Yes" have been documented by PERAC as accepted by the retirement board.
Increase in Member-Survivor Minimum Allowance ($250 to $500) No
10 Year Ordinary Disability Retirement Eligibility Yes
Option C Pop-Up Yes
3 Year Average Compensation for Termination Allowances No
Placing EMTs in Group 4 No
Call Firefighter Creditable Service (1) No
Call Firefighter Creditable Service (2) No
Creditable Service During Layoff for Police and Fire No
Creditable Service While on Leave Acting as a Union Representative No
Supplemental Allowance for Dependents of Accidental Disability Retirees Yes
Increasing Benefits for Surviving Children of Accidental Disability Retirees No
Disability Retirement Benefits for Veterans:  
     Section 1 Yes
     Section 2 Yes
Veteran's Buyback Yes
Increase in §101 Benefit:  
     Acts of 2010 ($9,000) No
     Acts of 2012 ($12,000) Yes
Non-Contributory Retiree Cost of Living Adjustment Yes
Retirement Board Member Compensation ($4,200) Yes
Indemnification of Retirement Board Members No
Remote Participation No
Increase COLA Base No

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