Category: Employer News

For employers and members: Beware of sales solicitations that say "MTRS"

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Prepare for retirement season

Watch our …

Read more Employer news, October 5, 2018

As you know, there are federal and state limits on the amount of pensionable earnings ("regular compensation") that can be used in computing benefits for active members of public retirement systems with effective membership dates after 12/31/1995. What this means for employers For any members with effective membership dates after 12/31/1995 or 1/1/2011, do not …

Read more MTRS update: Note the 2018 pensionable earnings limits for employees with membership dates after 12/31/1995

Dear School District Superintendents, Charter School and Education Collaborative Directors, Business Managers, Payroll Officers, Personnel Administrators and Town Treasurers,

We are writing to advise employers that our regulatory agency, the Public Employee Retirement Administration Commission (PERAC), has reversed its original guidance regarding not taking deductions on supplemental pay in conjunction with workers’ compensation benefits, …

Read more MTRS news: Update regarding “regular compensation” for members receiving workers’ compensation

Dear School District Superintendents, Charter School and Education Collaborative Directors, Business Managers, Payroll Officers, Personnel Administrators and Town Treasurers, Please note these three reminders regarding retiree insurance processing: 1) Group insurance rate changes for July 1, 2018: Beat the rush! Please send your new group rates to us ASAP so everyone’s changes can be processed on …

Read more MTRS news: Three retiree insurance reminders for the spring season