Please see the Collector’s page or the Water/Sewer page for a User Guide to make Water/Sewer payments.


  • 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.

  • Resources

  • As you know, public employees in Massachusetts do not participate in Social Security. However, many public employees may be eligible for Social Security benefits based on earning forty (40) quarters of credit or through the work history of a spouse. It is important to know that Social Security benefits are often affected by the receipt of a Peabody retirement allowance. Although your Peabody retirement allowance cannot be reduced as a result of other retirement benefits, Social Security Benefits might be reduced.

    There are two federal laws, the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), which may reduce, or even eliminate, a Social Security benefit because of a retirement allowance from the City of Peabody. To learn more about these laws and to use Social Security's on-line calculator please go here. For information on Social Security and to apply for Social Security benefit visit their website here.

  • Social Security Documents and Publications
  • Social Security Express
  • Government Pension Offset
  • Windfall Elimination Provision
  • Working While Collecting Social Security
  • When to Start Receiving Retirement Benefits
  • Social Security Disability Benefits
  • 2021 Update