Author: William Culbert
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 …
2017 annual statements mailed on June 29
Your statement reflects your personal data (name, address, beneficiary designation) as well as financial information regarding any activity in your account, the amounts of after-tax contributions, pre-tax contributions, interest and the total balance as of the end of 2017.
When you receive your statement, please be sure to take a few moments to review …
June 2018 Advisor for retirees now available
Read it online!
Newsletter articles include:- 3% Cost-of-living adjustment proposed for FY2019: If approved, would allow a maximum annual increase of $390, effective July 1
- Board supports bill requiring PRIM’s divestment from gun and ammunition companies: In solidarity with the …
Board supports bill requiring PRIM’s divestment from gun and ammunition companies
At the May 2 public hearing of the Joint Committee on Public Service, the Board submitted written testimony in support of the legislation to divest Massachusetts public pension assets from ammunition and firearms companies
In the wake of the horrific school shootings in Parkland, Florida, and the prevalence of gun violence across the nation since the …Read more Board supports bill requiring PRIM’s divestment from gun and ammunition companies