Archives: Programs

Look ahead and be aware of these pre-retirement issues

Three notes to recent and soon-to-be retirees

1. While you are an active educator, your health insurance premiums may have been withheld on a pre-tax basis. Please note, however, that the IRS requires that retirees’ insurance premiums be withheld on an after-tax basis.'
2. Regardless of the group insurance …

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As an active member of the MTRS who is making regular payroll contributions or who is on an authorized leave of absence, you provide a survivor benefit as described below in the event that you die while you are still in active service. Survivors of inactive members are subject to different rules. There are two types …

Read more Survivor benefits for active members

Topics covered: Choice 1: Leave your funds on account (runtime: 3:00) Choice 2: If eligible, receive a retirement benefit (runtime: 0:24) Choice 3: Take a refund (runtime: 5:45)

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If you leave teaching before retiring from the MTRS, you will need to decide what …

Read more Leaving MTRS service prior to retirement

Regular compensation

What you earn as “regular compensation” is important both for us and for you:

• For you, because it is the amount of your earnings upon which you pay retirement contributions.
• For both you and us, because only those payments that meet the definition of “regular compensation” may be used in the …

  Read more Other Issues