Massachusetts Teachers’ Retirement System (MTRS): Retirement information for certified educators: https://mtrs.state.ma.us/

Marlborough City Retirement: Full-time employees working at least 1040 hours per year, who are not employed as certified educators, must participate in City Retirement through the Marlborough City Retirement Board. Contact information is available on their website: https://www.marlborough-ma.gov/506/Retirement-Board

• Welcome Letter

• New Member Enrollment Form

• Beneficiary Selection Form

• Statement Regarding Social Security

• Notice of Potential Veterans’ Benefits

Bencor: This is Only for part-time employees. This is FICA Alternative Plan provides an individual investment plan for part-time, temporary, and seasonal employees. Contributions to the plan are deducted from each employee’s wages and are income tax-deferred and invested in accordance with each employee’s direction. 

AFLAC: Aflac provides supplemental insurance to help pay out-of-pocket expenses your major medical insurance doesn't cover. Contact AFLAC through the links below to ask questions on policy information or pricing; review your current coverage; or to enroll in new coverage. 

• The City of Marlborough Aflac Webpage  

• Aflac Overview Flyer  

Colonial Life: Colonial Life provides benefits that your employees want for life's unexpected moments — whether that's accident, illness or injury. If you are interested in learning more, contact your Representative Carleigh Gordon at 401-539-2990 or Email Carleigh Gordon. 

•  Colonial Life Flyer  

Flexible Spending Accounts (FSA): Flexible Spending Accounts let you set aside a portion of your paycheck tax free to pay for certain health and dependent care expenses. Contributions are deducted from your paycheck prior to federal, state, and social security taxes being computed. Because you don’t pay taxes on your contributions, you save money. The annual FSA plan administration fee is $60.00 for the year/$5.00 per month. For more information, you can call 1-800-544-2340. 

• Enrollment Form

• Flexible Spending Overview

• Over the Counter Expense List   

• New Over the Counter Eligible Items   

• Dependent Care Claim Form  

• Welcome to Dependent Care

Employee Assistance Program (EAP): Available to employees, their dependents and household members, free of charge. Confidential counseling and referrals, training, financial and legal advice are offered. The contact information can be found on the flyer below. 

• EAP Information Flyer  

• May Mental Health Flyer  

• Cultivating Mindfulness  

• Tip Sheet for Managing Stress

403(b): 403b Retirement Savings Plans are managed by TSA Consulting Group and are open to school employees on a rolling basis. These benefits are 100% Employee Funded, optional, and self-managed. Enrollment is directly through the companies and payroll deductions can be taken from MPS. For more information, visit their website at https://www.tsacg.com/.

Employees who participate in retirement plans in addition to a 403(b) should consult a tax professional regarding maximum combined plan contribution limits set by the IRS to avoid penalties for exceeding overall limits. This includes, but is not limited to, contributions to Marlborough City Retirement, Massachusetts Teachers Retirement System, or other personal investment accounts for retirement savings outside MPS.

• 403b Transaction Information Form

• Salary Reduction Agreement

• Annual Retirement Benefits Guide

• Meaningful Notice

• Plan Participation Guide