Employer News - MTRS

The new legislation, Chapter 134 of the Acts of 2022, allows eligible members who transferred into the MTRS from another Massachusetts contributory retirement system a final, one-time opportunity to make a definitive choice, either to:

participate in RetirementPlus, or,
opt-out of participating in RetirementPlus.

This new election period runs …

1) Important: Send all group insurance rate changes for January premiums by 12/02/2022 for on-time processing

The MTRS has temporarily hidden the Add Rates and Edit Rates buttons on the Insurance Rates screen in MyTRS. Over the last several months, we've noticed that some users were triggering a processing error, which required significant effort for MTRS staff to resolve for …

On August 3, Governor Baker signed new legislation, Chapter 134 of the Acts of 2022, that allows a second opportunity to elect to participate in the R+ program only to those members (approximately 2,000-3,000) who:

were not a part of the original election window in 2001, AND

The MTRS has been working with representatives from the State Comptroller's Office, the Public Employees' Retirement Administration Commission (PERAC), and CliftonLarsonAllen LLP (CLA) to issue the GASB Statement No. 68 schedules for the fiscal year ended June 30, 2021 to be used by our employer units in their FY2022 financial statements. GASB Statement No. 68 requires …

Emp news archive

1) Important: Send all group insurance rate changes for January premiums by 12/02/2022 for on-time processing