The Massachusetts Teachers’ Retirement System is the largest of the Commonwealth’s 104 contributory retirement systems. We provide retirement, disability and survivor benefits to more than 90,000 active educators and 62,000 retirees and survivors. We’re glad to have you as a visitor and encourage you to browse often!
Benefit recipients: 3% COLA to be included in July 2016 payment
As you may know, the Governor and Legislature approved a three percent cost-of-living adjustment (COLA) as part of the Commonwealth’s FY2017 budget. Effective July 1, 2016, this COLA allows an increase of three percent on the first $13,000 of the retirement benefit, for a maximum increase of $390 per year or $32.50 per month. Benefit recipients who are eligible to receive this COLA are:
- retirees who retired on or before June 30, 2015;
- survivors of Option C retirees who retired on or before June 30, 2015;
- survivors of members who died while in active service on or before June 30, 2015; and
- accidental death benefit recipients whose benefits began on or before June 30, 2015.
If you are eligible to receive this COLA, it will be included in your July 2016 payment and, if you are a direct deposit payee, you will receive a mailed statement this month. Your monthly gross amount for July will be your new monthly gross amount until any future COLAs are granted.
For more information on COLA eligibility and past COLAs, please see Cost-of-living adjustments.
Active and inactive members: Did you receive your 2015 annual statement?
On June 13, our vendor mailed 2015 annuity savings account statements to our more than 108,000 active and inactive members. If you have not received your account statement, please request a duplicate by phone (617-679-6877) or e-mail.
- Questions? See our FAQs page.
- Want to update your beneficiary information? Download our Beneficiary Designation--Active and Inactive member form .
- Inactive and want to withdraw your funds? Know what it means to take a refund, and find out how.
Catch up on the latest news—read the June 2016 issue of The Advisor!
Both active and retiree editions of our member newsletter, The Advisor, are now online. To be environmentally friendly and to reduce costs, we will mail The Advisor only to retirees for whom we don't have e-mail addresses in our system.
Dear Members, please bear with us during this extremely busy time!
If you're waiting to hear from us on a request for service, we ask that you please be patient. We received more than 20,000 service purchase applications after Pension Reform III, and the record-setting volume has caused lengthy processing delays. Although we had anticipated a temporary increase in the number of applications—and increased staffing levels accordingly—the volume simply and significantly exceeded our projections.
We are very sorry for any delay you may experience, and ask that you please bear with us during what is an extremely busy time for our staff. Thank you in advance for your understanding and continued patience.
NOTE: If you are retiring within the next four to six months and you have one or more service purchase applications currently pending with us, please let us know so that we may give your service purchase requests priority.