Leslie Lovett - MTRS - Page 17

All 2020 annual statements have mailed as of August 26 to the home addresses of our more than 111,000 active and inactive members.

For your reference, and in support of your continuing and valued efforts to have unenrolled members complete the MTRS online enrollment process, we are also taking this opportunity to reach out to this …

Read more MTRS members’ 2020 account statements have mailed

July payment will include a COLA of 3% on the first $13,000 of your benefit

As you may know, the Governor and Legislature have approved a cost-of-living adjustment (COLA) as part of the Commonwealth's FY2022 budget. Effective July 1, 2021, this COLA provides an increase of three percent on the first $13,000 of your retirement benefit, …

Read more FY2022 Cost-of-living adjustment approved

1. Employee receiving a lump sum payment? Set the pay duration to "LS" in your payroll software.

Change the pay duration field to "LS" in your payroll software prior to exporting your May deduction report to ensure that employees are setup correctly for the June report.

2. For any lump sum payment that requires a service correction …
Read more Annual tips for efficient year-end deduction reporting

Phishing alert–beware of email solicitations that reference the MTRS and offer “Retirement Reviews”

Unsolicited emails may be "phishing" attempts. The MTRS is not affiliated with, nor do we endorse any commercial companies.

We've recently been alerted of unsolicited emails to MTRS members offering appointments for "Employee Retirement Reviews" and have determined that these are likely Phishing …

Read more Phishing alert–beware of email solicitations that reference the MTRS and offer “Retirement Reviews”