Leslie Lovett - MTRS - Page 24

The Internal Revenue Service updated the federal tax withholding tables for 2019. If you have federal taxes withheld from your monthly benefit:

based on the IRS tax tables (i.e., your marital status and number of exemptions claimed), beginning with your January payment, you may see a change in your net benefit amount because your tax …
Read more Benefit recipients: Your federal tax withholding may change with your January payment

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 2019 pensionable earnings limits for employees with membership dates after 12/31/1995

1) Group insurance rate changes for January: Beat the rush! Please send your new senior rates to us ASAP so everyone's changes can be processed on time

If you have already submitted your group insurance rate changes for January, thank you; if not, at your earliest convenience, please complete our group rate premium rate change form …

Read more Three annual reminders regarding MTRS retiree insurance processing

"Ready for Retirement" seminars starting soon—Woburn program just added

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

As we recently announced, we will soon 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 …

Read more Member seminars starting soon; Woburn program just added