Retiree News - MTRS

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

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 …

Read more Post-retirement employment hours and earnings limits suspended for 2022

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