This page, Woburn Retirement Board Local Options, is offered by

Woburn 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) Yes
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) Yes
Call Firefighter Creditable Service (2) Yes
Creditable Service During Layoff for Police and Fire No
Creditable Service While on Leave Acting as a Union Representative Yes
Supplemental Allowance for Dependents of Accidental Disability Retirees Yes
Increasing Benefits for Surviving Children of Accidental Disability Retirees Yes
Disability Retirement Benefits for Veterans:  
     Section 1 Yes
     Section 2 Yes
Veteran's Buyback Yes
Increase in §101 Benefit:  
     Acts of 2010 ($9,000) Yes
     Acts of 2012 ($12,000) Yes
Non-Contributory Retiree Cost of Living Adjustment Yes
Retirement Board Member Compensation ($4,500) Yes
Indemnification of Retirement Board Members No
Remote Participation Yes
Increase COLA Base -
FY20 - $13,000
FY21 - $14,000
FY22 - $15,000
FY23 - $16,000
FY24 - $17,000
FY25 - $18,000
Yes

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