Category: Retiree News

By January 29, all 1099-R tax forms have been mailed to all individuals who received a benefit payment from the MTRS in 2023. Along with your tax form, you will receive an insert that includes information on how to read your 1099-R as well as the pension payment schedule for 2024.

Also, check out our …

Read more Watch your mailbox for your 1099-R tax form to arrive soon

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Many of our retired members often ask whether the so-called social security double dipping laws will ever be repealed or amended.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