Category: Retiree News

Understanding the COLA on your August benefit statement

Many of our retired members often ask whether the so-called social security double dipping laws will ever be repealed or amended.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