Retirement Plans


All benefit-eligible employees (20 hours or more per week) are required to set aside funds on a pre-tax basis into one of the following pension plans:

Contributions to these pension plans will be withheld automatically according to percentages established by State statute.


As a part-time, seasonal or temporary employee of the Town, you are required to participate in the SMART Plan. The SMART Plan is an alternative to Social Security as permitted by the federal Omnibus Budget Reconciliation Act of 1990 (OBRA). OBRA, passed by the U.S. Congress, requires that beginning July 1, 1991, employees not eligible to participate in their employer's retirement program be placed in Social Security or another program meeting federal requirements. The SMART Plan meets those federal requirements. For more information go to the Smart Plan website.

All OBRA participants are required to complete an OBRA Mandatory Participation Enrollment form to enroll in the Plan. Please return your completed form to Human Resources.

Pre-Tax 457 Plans

Contact one of the following companies to set up an account directly with that provider.

Voya Financial

30 Braintree Hill Office Park
Braintree, MA 02184
Att: Matthew O'Brien
VOYA Salary Reduction Form (PDF)
Email Matthew O'Brien
Voya Financial Website

Massachusetts Smart Plan (457 & Obra)

255 Bear Hill Road
Waltham, MA 02451
Att: Robert Young
Massachusetts Smart Plan Website
Email Robert Young
Phone: 781-663-1089
OBRA 457 Salary Reduction Form (PDF)
OBRA Distribution Form (PDF)
Meet with Advisor Sean Doucette (PDF)


777 North Capitol Street, NE
Suite 600
Washington, DC 20002
Phone: 800-669-7400
Fax: 202-682-6439 Att: RMU
ICMA-RC Website

Pre-Tax 403(b) Plan (School Employees Only)

Our 403(b) plan is administered by VOYA. Their web partner is PlanwithEase, which allows you to view available providers and manage your account online.