Archived Archives - Page 12 of 18 - MTRS

If an accident or illness leaves you unable to make decisions, a trusted designee may transact your affairs

A power of attorney (POA) is a written document in which you (the “principal”) authorize a trusted individual whom you select (your “attorney-in-fact” or “agent”) to act on your behalf. There are several types of POA:

Limited POA: …
Read more What is a power of attorney (POA) and why should I have one?

New scam targets senior citizens

As reported by the media and government in recent months, criminals are targeting senior citizens with a new Social Security scam. The Federal Trade Commission (FTC) reports that, in a new scam, criminals are spoofing the Social Security Administration’s (SSA) phone number so that the victim’s caller ID displays that agency’s …

Read more Beware of Social Security scams

"Your MTRS Benefits" is an optional, free, two-hour (4–6 p.m.) informal program for MTRS members who want more information about retirement benefits—whether you are a recent member, mid-career educator or soon-to-be retiree. Topics include:

MTRS benefits and services,
estimating your retirement benefits under the regular and RetirementPlus formulas,
various issues you need to consider …
Read more Learn about your retirement plan—attend a “Your MTRS Benefits” seminar in May

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