MTRS COVID-19 updates


Your MTRS Benefits

These videos are based on our 2018 “Your MTRS Benefits” seminar series, and provide an overview of benefits for Tier 1 members (membership date before April 2, 2012)—from the basics of the MTRS, to what you will need to know when retired.

Or download the updated May 2020 Your MTRS Benefits presentation guide  (includes updated interest rates).

 

Part 1: Your contributions
Pages 4–5
Part 2: Types of retirement benefits
Pages 7–8
Part 3: Regular creditable service
Page 9
Part 4: Purchasable creditable service
Page 10
Part 5: The three retirement options: A, B and C
Page 12
Part 6: The retirement formula for Tier 1 members
Pages 12–16
Part 7: Retiree health insurance
Page 18
Part 8: Working after retirement
Pages 20–21
Part 9: Taxation of your benefit
Page 22

Part 10: Cost of living adjustments
Page 23


Ready for Retirement

These videos are a supplement to our “Ready for Retirement” seminar series, and provide an overview of planning for retirement, completing the Retirement Application and what you’ll need to know after retirement.

Download the Ready for Retirement presentation guide to see an example of a completed Retirement Application.

Part 1: Preparing for retirement
Part 2: Completing the retirement application

Questions about how to complete a specific page in the retirement application? Click on the page number and jump right to that section:

Part 3: Welcome to retirement

Enrolling in the MTRS

If you are a new member of the MTRS, or a current member who is changing districts, you will need to complete your online enrollment in MyTRS.


Leaving service prior to retirement

Learn what your options are if you leave MTRS service prior to retirement.


Our retirees

Mary Madden

In 2019, as part of our 105th anniversary celebration, we were honored to interview Mary Madden, a 105-year-old MTRS retiree. Ms. Madden retired as the principal of the Lake Street School in Spencer, Massachusetts in 1981. Sadly, Ms. Madden passed away on April 29, 2020.