Because of the unique background of our firm, we have achieved a reputation for quality within the Massachusetts Retirement System.  Over the years we have established working relationships with state agencies, custodial banks, investment managers, pension consultants, attorneys, and actuaries.


When new challenges face your system, you can count on FAA to understand the issues and suggest solutions.

FAA's professionals work not only with the board and retirement system staff, but with other city and town departments to create and maintain the efficient flow of information between you and your member-units.

We stay current with legislative and administrative issues that can impact your system.  We develop new methods and help implement changes in your office in a quick and easy manner.

FAA can assist your staff in these areas:


  • Develop standard entries and monthly checklists
  • Monthly, quarterly and annual  reporting to PERAC

Member Files

  • Creditable service/dates
  • Annuity savings
  • Member deduction posting
  • Make-ups and buy-backs
  • Refunds and transfers

Retiree Files

  • Annual COLA/Section 90 increases
  • Lifetime/State COLA reconciliation
  • Dependant allowances
  • Annuity balances
  • General Simplified Rule
  • 1099's and 945 (Federal W/H Reconciliation)
  • Payroll


  • Overall data review/reconciliation
  • Standard Excel & Word templates
  • Back-up procedures
  • TACS Software year-end closing
  • Implementation of new PERAC memos


Past & Present Retirement Clients

  • Brookline Retirement System

  • Fall River Retirement System

  • Franklin County Retirement System

  • Gloucester Retirement System

  • Hingham Retirement System

  • Hull Retirement System

  • Leominster Retirement System

  • Lynn Retirement System

  • Maynard Retirement System

  • New Bedford Retirement System

  • Norfolk County Retirement System

  • Northbridge Retirement System

  • Pittsfield Retirement System

  • Plymouth Retirement System

  • Shrewsbury Retirement System

  • Southbridge Retirement System

  • Springfield Retirement System

  • Waltham Retirement System

  • Woburn Retirement System

We can provide you with a complete listing of reference contacts at these systems.


Send mail to cmbaker@faa-inc.com with questions or comments about this web site.
Copyright 2010 Financial Advisory Associates, Inc.