The Shrewsbury Retirement System is one of 104 state and municipal retirement systems in Massachusetts.
The system is administered by a 5 member Retirement Board consisting of:
1 ex officio member
1 member appointed by the 4 previously mentioned board members
1 member appointed by the Board of Selectmen
2 elected members
The Board, while operating independently, is bound by Massachusetts General Law Chapter 32. Chapter 32 establishes benefits, contribution requirements and an accounting and funds structure for all municipal retirement systems. The Retirement Office is made up of the director who is responsible for over 946 active, inactive and retired members and beneficiaries.