Retiree News - MTRS

Understanding the COLA on your August benefit statement

The Governor signed the FY2024 budget into law on August 9th. The budget includes a cost-of-living adjustment (COLA) effective July 1, 2023, providing a 3% increase on the first $13,000 of your retirement benefit. This results in a maximum increase of $390 per year or $32.50 per month …

Read more COLA update: Governor Healey signs FY24 budget; COLA included in August benefit payment

Many of our retired members often ask whether the so-called social security double dipping laws will ever be repealed or amended.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

Governor signs bill suspending post-retirement employment hours and earnings limits for calendar year 2022, or 90 days after the end of the public health emergency, whichever occurs first.

The Governor signed H.4456, which suspends the limits on post-retirement work in the Massachusetts public sector through the end of calendar year 2022 or 90 days after …

Read more Post-retirement employment hours and earnings limits suspended for 2022


500 Rutherford Avenue, Suite 210

Charlestown, MA 02129

Phone: 617-679-6877

Fax: 617-679-1661


One Monarch Place, Suite 510

Springfield, MA 01144

Phone: 413-784-1711

Fax: 413-784-1707

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