Malden Retirement Board

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215 Pleasant St Ste 5
Malden, MA 02148
+1 (781) 397-7086
https://www.cityofmalden.org

The Malden Retirement Board serves approximately 1,700 members, including active, inactive, and retired individuals, as well as their survivors. Governed by Massachusetts General Laws Chapter 32, Section 20, the Board operates a defined benefit plan, ensuring that retirement benefits are predetermined by law and based on a specific formula.

With a governing board that includes appointed and elected members, the Malden Retirement Board is overseen by the Public Employee Retirement Administration Commission. The Board's structure and operations are designed to provide financial security for its members through consistent contributions from payroll.

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