04/16/2021:
The early retirement incentive (ERI) proposal from the Massachusetts Teachers Association (MTA), filed in February by co-sponsors State Senator John C. Velis and State Representative Carol A. Doherty, has been referred to the Joint Committee on Public Service. The proposed legislation, An Act to provide a retirement enhancement opportunity for certain members of the Massachusetts Teachers Retirement System, is now identified in the House as H.2620 and in the Senate as S.1791.

Please note that the ERI proposals were filed by the MTA, and not the Massachusetts Teachers’ Retirement System (MTRS). If you have specific questions on the bill, review the MTA provided Fact Sheet, Questions and Answers, Webinar Replay, and contact the MTA.

While the filed bills have been assigned to a committee, they have not yet been scheduled for a public hearing and have not had any initial votes in the legislature. You can track the progress of the bills on the Joint Committee on Public Service website. The journey from a proposed bill to a law is a deliberative process and does not always end with a passed law, as summarized on the MTA Legislative Action page.

If the proposed legislation impacts you and your decision to potentially retire, the MTRS encourages you to review the MTA resources and check both the MTA and MTRS websites periodically for updates.