Information for Employers

This section is for the city, town, district, or authority units that employ active members of the Eldridge Bay Retirement System.

[REPLACE: For boards that serve a single municipality (most city and town boards), shorten this page to a paragraph noting that the only employer is the [TOWN/CITY] and link to the relevant payroll department. For regional and county boards, list the member units below.]

Member units

The following units participate in the Eldridge Bay Retirement System:

[REPLACE: List of participating units, e.g., "Town of X — all departments", "X Housing Authority", "X Regional School District".]

Payroll deductions

Each pay period, employers deduct member contributions from regular compensation under MGL Ch. 32 § 22 and remit them to the board along with the employer's pension fund appropriation. The deduction rate depends on the member's hire date, group classification, and earnings (see Group Classifications).

Annual appropriation

Each fiscal year, PERAC issues an appropriation letter setting the employer contribution to the pension fund and (where applicable) the OPEB fund. The current appropriation letter is filed under Documents → Annual Appropriation Letters.

Reporting and audits

Employers report new hires, terminations, leaves of absence, and rate changes to the board on a regular schedule. [REPLACE: Specify the cadence — typically monthly or quarterly — and the contact in payroll/HR who handles the reporting.]

The board's books are audited annually. PERAC also performs a periodic audit on a 3- to 5-year cycle under MGL Ch. 32 § 21 and 840 CMR.

Questions

Employer questions go to or . For payroll-system technical questions, [REPLACE: name and contact for the board's payroll liaison].