This page will help you find a wealth of information to help you make the most of your retirement.  Click here for the New England Retirement Education Group (NEREG) Financial Essentials Presentation.

Haverhill Public Schools offers 2 optional retirement savings plans.  You can choose to enroll in one or both of the plans. You may enroll in the plan(s) and/or change your deferral amount or investment options at any time.

403(b) Plan – Administered by PenServ

Offers employees an opportunity to supplement their retirement program with salary deferrals contributed to a choice of annuity contracts or mutual fund products.  You have access to 14 investment providers.  The 2024 maximum contribution is $23,000 or $30,500 if you are over the age of 50.

All employees are eligible to participant in the 403(b) plan. 2024 Universal Availability Notification City of Haverhill

Enrollment is a two-step process: PenServ-Enrollment-Guide
1. Establish an investment account with one of the 14 approved investment providers.

NOTE: Before enrolling in the Plan, you MUST first establish an account with one of the Providers listed in the Annual notice or PenServ enrollment guide. If a valid contract or account has not been received by PenServ prior to receipt of a salary deferral, the contribution will be returned. 

2. Log into PenServ to elect a deferral amount. Our Plan Access Code is chav0142.

Enrollment and all changes are done directly with PenServ or your chosen investment provider.

To make changes with your chosen investment provider:
PenServ 403(b) Enrollment and Change Form

You may contact PenServ for assistance or questions at 800-849-4001 or 403bservice@penserv.com.

457(b) Deferred Compensation Plan – Administered by VOYA

A retirement savings plan that allows you to defer a portion of your current income and have it invested on a tax-deferred basis.  The 2024 maximum contribution is $23,000 or $30,500 if you are over 50.  VOYA 403-457 information booklet

Enrollment and all changes are done directly with VOYA.

You may contact our representative for assistance or questions:
Teri Finigan
Phone: 800-238-8458 ext:7969869
Email: finigant@fin-plans.com.

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Links to the Retirement Systems for the City of Haverhill and MA Teachers:
City of Haverhill Retirement System
MA Teachers Retirement System (MTRS)