Inactive Members / Withdrawals


Inactive/ Withdrawal Information

If you are no longer contributing to the Framingham Contributory Retirement System but still have funds on deposit, you are an inactive member.

If you have become employed by another municipality that requires membership in a Massachusetts contributory retirement system, please contact this office so we may transfer your funds from the Framingham Retirement System to your current Retirement System.

If you have not become employed by another Massachusetts municipality, you may be entitled to withdraw your retirement deductions on account.  A withdrawal is payable to you as a lump sum or may be rolled over to an IRA or qualified retirement plan. Please note your account will only be credited for the first 2 years immediately following your termination date.  The documents to withdraw or rollover your deductions may be downloaded here:
  
 Application for Withdrawal
 Refund/Rollover Form
 Chapter 176 Letter
 Waiver of Rights
 Special Tax Notice
 
If you leave your funds on deposit and later return to work for the Town of Framingham or another municipality that requires membership in a Massachusetts contributory retirement system, your account will be credited with interest for all years.  In addition you will remain a member and be entitled to the employee contribution rate in effect when you were previously active.

Please provide this office with changes of address so we may continue to contact you in the future.  Download a Change of Address Form here.