Last month, an early retirement incentive (ERI) proposal from the Massachusetts Teachers Association (MTA), was filed by co-sponsors State Senator John C. Velis and State Representative Carol A. Doherty. The proposed legislation, An Act to provide a retirement enhancement opportunity for certain members of the Massachusetts Teachers Retirement System, is currently identified in the House as HD.1802 and in the Senate as SD. 1111.
Please note that the ERI proposals were filed by the MTA, and not the Massachusetts Teachers’ Retirement System (MTRS). If you have specific questions on the bill, review the MTA provided Fact Sheet and contact the MTA. To date, the bills have only been filed, they have not been scheduled for a public hearing, and have not had any initial votes in the legislature. The journey from a proposed bill to a law is a deliberative process and does not always end with a passed law, as summarized on the MTA Legislative Action page.
If the proposed legislation impacts you and your decision to potentially retire, the MTRS encourages you to review the MTA Fact Sheet and check both the MTA and MTRS websites periodically for updates on the progress of the bill.