Category: Retiree News

2023 Benefit Verification forms will NOT require a notary signature. Instead, an adult 18 years or older can sign as a witness.

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

Since you are receiving a monthly benefit from the MTRS, look for your:

• Year-end statement, which the State Treasury sends at the end of December. This statement provides a summary of your benefit payments during 2022 and is simply for your reference. Questions? Please see how to read your check or direct deposit statement.
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Read more Watch for mail from us in December and January

Understanding the COLA on your August benefit statement

The Governor signed the FY2023 budget into law on July 28th. The budget includes a cost-of-living adjustment (COLA) effective July 1, 2022, which provides an increase of 5% on the first $13,000 of your retirement benefit, for a maximum increase of $650 per year or $54.17 per month …

Read more Cost-of-living adjustment (COLA) included in your August payment