Employer News - MTRS

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 listed below, DO NOT take MTRS deductions on any …

Step 1: Review new hires and any staff changing jobs to determine if they may be eligible for MTRS membership

BEFORE you register your new hires in MyTRS, determine if they are eligible for MTRS membership by reviewing our eligibility criteria online. Employers should review the eligibility criteria in order to …

The MTRS has been working with representatives from the State Comptroller's Office, the Public Employee Retirement Administration Commission (PERAC), and CliftonLarsonAllen LLP (CLA) to issue the GASB Statement No. 68 schedules for the fiscal year ended June 30, 2022 to be used by our employer units in their FY2023 financial statements. GASB Statement No. 68 requires …

Please spread the word to your employees who are MTRS members

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 on December 31, 2023, the …

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What this means for employers

Step 1: Review new hires and any staff changing jobs to determine if they may be eligible for MTRS membership

Please spread the word to your employees who are MTRS members