Throughout your retirement, we will administer your benefits and provide you with information and services.
Advise your current beneficiary now that he or she should contact us in the event of your death. Be sure to keep your retirement papers with your other important documents.
11% | New member contribution rate as of 7/1/2001 |
7.0% | Assumed rate of return on system assets |
$36.5B | Assets (managed by the Pension Reserves Investment Management board) |
60.4% | Funded ratio |
2036 | Year fully funded (target) |
Active members102,045 |
Annual payroll$8.73B |
Average salary$85,562 |
Average age43.8 |
Benefit recipients71, 260 |
Annual benefits$3.5B |
Average benefit$49,108 |
Average age74.7 |
Present Age | Number of Members | Total Salary | Average Salary |
---|---|---|---|
0 - 24 | 2,645 | $142,657,401 | $53,935 |
25 - 29 | 10,237 | $620,214,741 | $60,586 |
30 - 34 | 13,039 | $936,305,661 | $71,808 |
35 - 39 | 14,131 | $1,174,018,579 | $83,081 |
40 - 44 | 15,296 | $1,387,422,184 | $90,705 |
45 - 49 | 14,335 | $1,352,387,236 | $94,342 |
50 - 54 | 14,334 | $1,383,826,647 | $96,542 |
55 - 59 | 10,573 | $1,019,771,583 | $96,451 |
60 - 64 | 5,528 | $531,722,940 | $96,187 |
65+ | 1,927 | $182,858,310 | $94,893 |
Total | 102,045 | $8,731,185,282 | $85,562 |
Present Age | Number of Members | Total Benefits | Average Benefits |
---|---|---|---|
Less than 40 | 27 | $375,758 | $13,917 |
40 - 44 | 52 | $900,934 | $17,326 |
45 - 49 | 87 | $1,485,807 | $17,078 |
50 - 54 | 278 | $6,551,306 | $23,566 |
55 - 59 | 1,618 | $71,953,282 | $44,471 |
60 - 64 | 5,653 | $292,750,785 | $51,787 |
65 - 69 | 11,357 | $593,183,966 | $52,231 |
70 - 74 | 18,576 | $977,787,972 | $52,637 |
75 - 79 | 17,420 | $880,800,809 | $50,563 |
80 - 84 | 9,052 | $414,183,545 | $45,756 |
85 - 89 | 4,353 | $171,437,235 | $39,384 |
90+ | 2,787 | $88,018,020 | $31,582 |
Totals | 71,260 | $3,499,429,419 | $49,108 |
*Source: Mass. Teachers’ Retirement System Valuation Report (2024)
500 Rutherford Avenue, Suite 210
Charlestown, MA 02129
Phone: 617-679-6877
Fax: 617-679-1661
One Monarch Place, Suite 510
Springfield, MA 01144
Phone: 413-784-1711
Fax: 413-784-1707