Archived - MTRS - Page 8

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

With a few days to go before the deadline, [81%] of you have already returned your forms

As most of you know, every other year, we are required to conduct a process by which we verify all benefit recipients’ continued eligibility to receive payments. This past January, we mailed blue and yellow Benefit Verification forms …

Read more 2019 Benefit Verification process update: Thank you, retirees!

Retirement planning timeline and checklist

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Read more Planning to retire soon? Access these two new resources

Program dates and locations to be announced in April—stay tuned

Offered in the spring, Your MTRS Benefits is an informational program for members of all ages and career stages. The two-hour program, held in the evening at various locations across the Commonwealth, focuses on retirement formulas, creditable service issues, Social Security and other post-retirement issues. We will …

Read more Learn about your MTRS benefits: Attend a spring Your MTRS Benefits seminar, or watch our Videos!