Category: Retiree News

• Year-end statement, which the State Treasury sends at the end of December. This statement provides a summary of your benefit payments during 2024 and is simply for your reference (should not be used for taxes). Questions? Please see Read more Watch for mail from us in December and January

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

Many of our retired members often ask whether the so-called social security double dipping laws will ever be repealed or amended. At this time, we regret to report that the outlook is not favorable. The WEP and GPO are federal laws that reduce social security benefits for retirees of public retirement systems in states like Massachusetts …

Read more Windfall Elimination Provision (WEP) & Government Pension Offset (GPO) Update–March 2023

As of December 31, 2022, the suspension of the post-retirement hours and earnings limits has expired. As such, for calendar year 2023 forward, the standard hours and earnings limitations are back in effect for retired members of the MTRS who are employed in any Massachusetts public position. For detailed information about these limitations, please visit our …

Read more Working after retirement limits are reinstated