Retirement Board Office

Welcome to the Peabody Retirement Board Office

Our mission is to provide retirement benefits earned through public service to the members and beneficiaries of the Peabody Contributory Retirement System and to manage those benefits with the highest degree of prudence, integrity and fiscal responsibility, with the goal of achieving self-sufficiency for generations to come. We strive to provide prompt courteous service to our retirees; provide guidance and information to prospective retirees and their beneficiaries; and provide guidance and support to all City Departments, Peabody Housing Authority, and Peabody Municipal Light Plant, in relation to retirement. We serve over 1600 active and retired members.

The Peabody Retirement System is administered by a five-member board, consisting of two elected members, one member appointed by Mayor Bettencourt, the Director of Finance who serves as an ex-officio member, and one member who is appointed by the other four members. The board meets monthly on a regular basis. Special meetings are convened as necessary. The office staff consists of two full time employees who are responsible for all active members; all retirees, survivors and beneficiaries; financial transactions, investment activity, member accounts, retirement and pre-retirement counseling, and government reporting. We are governed by Massachusetts General Laws, Chapter 32 with the Public Employees Retirement Administration Commission (PERAC) as its regulatory authority.

If you are interested in obtaining an estimate of potential retirement benefits for a Superannuation retirement click here. This link will direct you to the online calculator on the State Treasurers page at Mass.Gov.

For information and resources, please select an item from the options below to view public information and download links to available files and forms.

Fifth Member Position on the Peabody Retirement Board

2017 Annual Statement

Guidelines For Requesting Public Records

Local Options

Supplemental Regulations

Required Fiscal Year Appropriations

Funding Schedule

click to view


Pension Administrator: James Freeman   (978) 538-5911   Email
Donna Hopkins   (978) 538-5913   Email

Board Members

Richard Yagjian - Chairman
Michael Gingras - Ex-Officio Member
Edward Lomasney - Appointed By the Mayor
Joseph Difranco, Sr. - Elected Member
Linda Cavallon - Elected Member


Forms for Members

Forms for Retirees

Blue Cross Blue Shield - City of Peabody Medicare Eligible Retirees Benefits

Retirement Board Meeting Agenda

Retirement Board Meeting Minutes

Investment Reports

Retiree Dental Open Enrollment

General Information

Telephone: (978) 538-5911
Fax: (978) 538-5989