Archived - MTRS

The FY2020 budget, signed into law by the Governor on July 31, 2019, included a cost-of-living adjustment (COLA) for our retirees of 3% on the first $13,000 of the benefit, for a maximum increase of $390 per year, or $32.50 per month (3% x $13,000 = $390/year; $390/year divided by 12 months = $32.50/month). Since the …

Nomination period opens August 1

As you may know, the Massachusetts Teachers' Retirement Board is comprised of seven members, two of whom are elected by the members of the Massachusetts Teachers' Retirement System for four-year terms. Since the terms of our incumbent elected members expire later this year, the Board has scheduled an election for this …

In an open letter to MassRetirees (the Retired State, County and Municipal Employees Association of Massachusetts), Congressman Richard Neal (D-MA), Chairman of the House Ways and Means Committee, announced his intention to file a “revised” bill in the summer of 2019 aimed at reforming the Social Security Windfall Elimination Provision (WEP). Like all public employees in …

July payment will include COLA of 3% on the first $13,000 of your benefit

As you may know, the Governor and Legislature have approved a cost-of-living adjustment (COLA) as part of the Commonwealth's FY2020 budget. Effective July 1, 2019, this COLA allows an increase of three percent on the first $13,000 of your retirement benefit, for …

Category: Archived

FY2020 COLA will be paid in August benefit payment, retroactive to July 1

Call for nominations–MTRS Board election to be held this fall

Nomination period opens August 1

Social Security WEP offset reform: Congressman Neal to file “revised” bill, summer 2019

COLA approved in state budget for FY2020

July payment will include COLA of 3% on the first $13,000 of your benefit