Author: William Culbert

The deadline for finalizing the 2020 MTRS deduction reports is Friday, April 16, 2021. This year's deadline is later than previous years to account for delays due to the ongoing pandemic. However, by statute, each monthly deduction report is due by the 10th of the following month, …

Read more Active MTRS member deduction reporting

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.

For any members with effective membership dates listed below, DO NOT take MTRS deductions on any …

Read more Note the 2021 pensionable earnings limits for employees with membership dates after 12/31/1995

In April, Chapter 53 of the Acts of 2020 waived earnings and hours restrictions for many retired public employees working in the public sector for calendar year 2020, during the Governor’s State of Emergency, which …

Read more Waiver of post-retirement employment restrictions extended