The City of Burlington offers a contributory defined benefit plan maintained in accordance with section 401(a) of the Internal Revenue Code. The retirement plan is an exceptional benefit that provides financial stability and allows for a guaranteed source of income upon retirement.
- The pension plan is for:
- Class A Employees: Burlington Police Officer Association (BPOA) and Burlington and Fire Fighters Association (BFFA) contribute 14% of gross base pay for FY24.
- Class B Employees: All regular Non-Union, American Federation of State, County and Municipal Employees (AFSCME), and the International Brotherhood of Electrical Workers (IBEW) except for limited service employees at 24 hours or more contribute 3.8510% of gross base pay for FY24. Employees working less than 24 hours per week do not qualify for the benefit.
- To become fully vested and gain the full retirement benefit, an employee must work for the City for 5 years.
- Employees that work the City for less than 5 years are not eligible for a retirement benefit and will be refunded all contributed deductions from their paychecks plus a 2% interest.
- Future benefits are calculated based on your average earnings over five years, total years of service, and multiplied by a factor based on the date of hire for Class A or Class B employees.
- Pension Benefit Application Process - please follow the instructions included in this document.
We are pleased to announce that the City of Burlington has engaged with Hooker & Holcombe to assist with certain administrative functions of the Pension Plan including monthly pension payments from the Plan’s account. Employees now have access to personalized services through the Hooker & Holcombe PensionEdge® Service Center, staffed with knowledgeable representatives ready to assist you with questions related to your Pension Plan.
For current employees who want to know more about their retirement benefit and access to Hooker & Holcombe, please visit the Retirement Administration website and connect with the Clerk/Treasurer's Office with any questions.
