Retiree News

By January 30, the MTRS will have mailed your 2024 1099-R tax form and, if applicable, a 2025 Benefit Verification Form (BVF).

Benefit Verification process discontinued for permanent MASSACHUSETTS residents

A recent regulatory change ends the requirement that Massachusetts retirement systems conduct a biennial Benefit Verification (BV) process, provided the system utilizes a third-party death match …

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

As you may know, the Governor and Legislature have approved a cost-of-living adjustment (COLA) as part of the Commonwealth's FY2025 budget. Effective July 1, 2024, this COLA allows an increase of three percent on the first $13,000 of your retirement benefit, for …

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 …

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 …

Category: Retiree News

1099-R tax forms mailing soon and important changes to the Benefit Verification process

COLA approved in state budget for FY2025

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

Working after retirement limits are reinstated

Post-retirement employment hours and earnings limits suspended for 2022

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.

WEP/GPO repeal – Stay informed with the SSA

1099-R tax forms mailing soon and important changes to the Benefit Verification process

Beware of emails offering “MTRS Retirement Reviews”

MTRS Executive Director Erika Glaster to Retire; Board Appoints Deputy Executive Director Jonathan Osimo as Successor

COLA approved in state budget for FY2025

Acting DESE Commissioner appoints new Board Chair

The passing of two public pension legends

Working after retirement limits are reinstated

Post-retirement employment hours and earnings limits suspended for 2022

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