Leslie Lovett - MTRS - Page 20

Author: Leslie Lovett

Active MTRS member reporting

Posted on February 05, 2020 by In Employer News

Deadline for finalizing 2019 reports is March 27, 2020

The deadline for finalizing the 2019 calendar year deduction reports is Friday, March 27, 2020. We will notify Superintendents of "severely delinquent" employers with 4 or more months of deduction reports that have not reached "Pending" status. We will continue to communicate with all employers on a regular …

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Note the 2020 pensionable earnings limits for employees with membership dates after 12/31/1995

Posted on January 17, 2020 by In Employer News
As you know, there are federal and state limits on the amount of pensionable earnings ("regular compensation") that can be used in computing benefits for active members of public retirement systems with effective membership dates after 12/31/1995.

What this means for employers

For any members with effective membership dates after 12/31/1995 or 1/1/2011, do not take MTRS …

Read more Note the 2020 pensionable earnings limits for employees with membership dates after 12/31/1995

Notice of PRIM Board election and nomination period

Posted on November 15, 2019 by In Archived

Nominations for the Teachers' representative to the Pension Reserves Investment Management (PRIM) Board will be open from November 15, 2019 to January 24, 2020. The PRIM Board is responsible for investing and managing the Pension Reserves Investment Trust (PRIT) Fund, which is used to assist the Commonwealth and participating local plans in funding their …

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