Leslie Lovett - MTRS

UPDATED AS OF 10/24/2019

For MTRS Tier 1 members (established membership BEFORE April 2, 2012)

As we recently announced, we will be presenting our popular "Ready for Retirement" seminar at 9 locations across the Commonwealth. Please remind your soon-to-be-retiring employees that we're offering this program—and that this is a prime opportunity for them to get answers to their …

Be sure to register at least five business days before your preferred session. Space is limited, so if you register and cannot attend, please notify us as soon as possible. If needed based on demand, we will schedule additional sessions and notify you of their availability. Feel free to share this e-mail with any interested co-workers. Preregistration is …

Effective immediately, the mailing address for all monthly deduction reporting payments by check has changed to:

Massachusetts Teachers' Retirement System PO Box 358020 Pittsburgh, PA 15251-5020

Our bank will be accepting payments at the old address for at least a few weeks so if you have recently mailed a payment to the old address, it should be received …

The FY2020 budget, signed into law by the Governor on July 31, 2019, included a cost-of-living adjustment (COLA) for our retirees of 3% on the first $13,000 of the benefit, for a maximum increase of $390 per year, or $32.50 per month (3% x $13,000 = $390/year; $390/year divided by 12 months = $32.50/month). Since the …

Author: Leslie Lovett

Retirement seminars starting soon—Two western MA locations just added!

For MTRS Tier 1 members (established membership BEFORE April 2, 2012)

Employer training programs on two topics to be presented in November

Mailing address for active member deduction payments has changed

Massachusetts Teachers' Retirement System PO Box 358020 Pittsburgh, PA 15251-5020

FY2020 COLA will be paid in August benefit payment, retroactive to July 1