William Culbert - MTRS - Page 37
Dear School District Superintendents, Directors, Business Managers, Payroll Officials, Town Treasurers, Charter School and Education Collaborative Directors,
As you know, pursuant to pension reform legislation enacted in November 2011, the interest rate charged on certain service purchases will double from “buyback” interest (currently, 4.125%) to “actuarial” interest (currently, 8.25%) as of April 2, 2013—which …
Dear School District Superintendents, Directors, Business Managers, Payroll Officials, Town Treasurers, Charter School and Education Collaborative Directors,
I am writing to bring you up to date on the progress that districts have made since my e-mail to you of February 16, and also to advise districts whose deduction reports are not yet fully reported …
Read more MTRS update: Deduction reporting progress; future steps and deadlines, if applicable
Dear School District Superintendents, Directors, Business Managers, Payroll Officials, Town Treasurers, Charter School and Education Collaborative Directors,
This communication is to report on the progress we are making with the new retirement contribution deduction reporting system and to ask for your continued commitment to finalize the 2011 deduction reports.
Summary
It has been 18 …