Termination Retirement

Employees who established membership in a Massachusetts contributory retirement system prior to April 2, 2012, and who have accrued at least thirty (30) years of creditable service, who resign before attaining age 55 may be entitled to a termination retirement allowance.

Similarly, a member with at least twenty (20) years of creditable service:

• who fails to be reappointed, or
• whose office or position is abolished, or
• who is removed or discharged from his or her office or position for a cause other than moral turpitude, may be entitled to a termination retirement allowance.

Calculation

A termination retirement allowance consists of an annuity and a pension equal to one-third of the highest average annual rate of regular compensation during any consecutive three year period.