- Health Insurance
- Dental Insurance
- Life Insurance
- Vision Insurance
- Pet Insurance
- Rate Sheet
- All State Supplemental Insurance
- Deferred Compensation
- Flexible Spending
- Vested Retirement Benefits
- Special Discounts
- College Savings Program
The City offers three Deferred Compensation Plans:
The Commonwealth of Massachusetts 457 Deferred Compensation Plan are administered through the SMART Plan. This plan offers immediate eligibility, convenient payroll deduction with pre-tax dollars and is designed to provide a meaningful supplement to other retirement plans and savings accounts.
The City also offers ICMA-RC which is a private company. They offer 457 plans as well as ROTH IRA’s. You may also borrow against your retirement account and repay your loan through payroll deductions.
We also offer AXA Advisors which offer a high quality retirement plan which offers a wide selection of investment options and strategies for a variety of investor types, from beginner to the most knowledgeable; easy access to transactions and records; personalized enrollment and education assistance; one-on-one service for transitional employees and pre-retirees provided by the financial professional.
Vested Retirement Benefits
If you have 10 years or more of service with the City of Framingham and are at least 55 years of age or have at least 20 years of service with the City at any age then you are considered vested for Benefits purposes and can maintain some of your benefits (such as medical, dental, and life insurance) for the rest of your life.
The City offers a program through which employees can take advantage of special group rates on Auto, Home, and Renter’s Insurance. Multi-policy discounts are available. Liberty Mutual offers convenient payment plans including EFT, payroll deduction or Direct Billing to your home.
BJ’s Wholesale Club
During designated enrollment periods, the City offers discounted membership fees to all employees. The promotional periods will be announced by Human Resources and enrollment will take place in the Human Resources office at the Memorial Building. (This special offer is NOT available online or at BJ’s Wholesale Club locations)
The City offers employees discounted rates on specified new plan agreements as well as discounted rates to existing customers. Employees receive a 15% discount on plans of $34.99 and above. This benefit also includes great savings on new phones and accessories.
College Savings Program
The City offers College America; a convenient 529 college savings program with significant tax advantages allowing you to choose between 21 funds offered through American Funds enabling you to design your own college savings portfolio.