William Culbert, Author at MTRS - Page 30 of 43

MTRS files legislation to prohibit payment of pensions to members convicted of child pornography charges

The Massachusetts retirement statute provides that any public employee convicted of a crime “involving violation of the laws applicable to his office or position” forfeits his or her retirement allowance, and is entitled only to a return of his or her …

Read more Legislative update

If surviving spouse also a MTRS retiree, MTRS may deduct overpayment from spouse’s benefit

In the event that we are not notified in a timely manner of a retiree’s death, or the retiree’s death occurs after our mid-month processing date and we are unable to stop their benefit payment, an overpayment may occur. When this happens, …

Read more Board amends policy for collecting overpayments after a retiree’s death

This year, we proudly mark 105 years of service to Massachusetts educators

When the Massachusetts Teachers’ Retirement Association opened its doors on July 1, 1914, it did so under the advisement of the Board of Education, who reported to the state legislature that “a system of pensions for teachers…will attract to the public service …

Read more MTRS celebrates 105 years of serving MA educators!

If approved, would allow a maximum annual increase of $390, effective July 1st

The Governor’s proposed budget for FY2020 includes a recommended cost-of-living adjustment (COLA) of 3% on the first $13,000 of eligible MTRS retirees’ benefits, for a maximum annual increase of $390 for the fiscal year beginning July 1, 2019. To be eligible to receive …

Read more COLA included in Governor’s FY2020 budget