The Lexington Retirement Board administers the Town of Lexington employee retirement system in accordance with applicable laws and regulations and provides information on the rights, benefits, and regulations regarding retirement to all covered current and former employees of the Town of Lexington.
Public Employee Retirement Administration Commission (PERAC)
The Public Employee Retirement Administration Commission (PERAC) oversees all the Massachusetts Public Pension Systems.
Lexington Retirement Board Chair Robert Cunha states The Retirement Board takes great pride in having balanced the need to ensure that liabilities are addressed with the fact that town resources must meet a variety of needs. The board's professional management of assets has lead to long range returns which supports that the retirement board has responsibly managed the systems assets.