Category: Retirees

2021 Benefit Verification forms will NOT require a notary signature. Instead, an adult 18 years or older can sign as a witness. By January 29, all annual 1099-R tax statements and biennial Benefit Verification forms will be mailed to the over 70,000 MTRS members who received a benefit payment in calendar year 2020. In order…

Read more 1099-R and Benefit Verification forms mailing soon

Updated 12/17/2020 FY21 budget signed by the Governor; retroactive COLA included in December benefit payments On Friday December 11, the Governor signed the final FY2021 budget, which includes a 3% COLA on the first $13,000 of your MTRS benefit, retroactive to July 1, 2020. The retroactive COLA will be included in the December 2020 benefit…

Read more Cost-of-living adjustment approved!

During the coronavirus pandemic, as trillions of dollars in stimulus funds flow to individuals and businesses, be aware that scammers are increasing the frequency and aggressiveness of their activity, targeting everyone, including retirees. Here are some tips to assist you in identifying and avoiding fraudulent activity. Be suspicious of all unsolicited phone calls or emails.…

Read more Retirees: Avoid coronavirus scams