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 over 63,000 retirees and survivors. We’re glad to have you as a visitor and encourage you to browse often!
Notice of May Board meeting
Please note that the Massachusetts Teachers' Retirement Board will hold its next meeting on Friday, May 26, 2017, at 9:00 a.m. in the Board Room of its Charlestown office, at 500 Rutherford Avenue, Suite 210, Charlestown, MA. Meetings are generally held on the last Friday of the month unless otherwise noted. For discussion topics, see the meeting agenda . For information on past meetings, see Board meeting agendas and minutes.
The PRIM Board election results are in!
Incumbent Robert Brousseau was re-elected as our members' representative to the Pension Reserves Investment Management (PRIM) Board , an unpaid position with a term of three years. The PRIM Board is responsible for investing and managing all money placed in the Pension Reserves Investment Trust (PRIT) fund, used to fund public pension liabilities. Thank you to our candidates as well as everyone who voted in this important election.
Retirees: As of April, your benefit payments will be drawn from People's United Bank instead of Santander
As a result, if you receive a paper check and wish to cash it at a location other than your own bank, you will need to visit a People's United branch office. To find the nearest People's United Bank branch, visit www.peoples.com. If you receive your benefit payments through direct deposit, this change will not have any impact.
Still receiving a paper check? Save yourself a trip to the bank and sign up for direct deposit!
Benefit recipients: If you have already returned your 2017 Benefit Verification Form, thank you! If not, please watch for your "Second Notice" to arrive by May 5
If you have already returned your completed 2017 Benefit Verification Form, thank you! If you lost or misplaced your original form, please watch your mailbox for a "Second Notice" to arrive by May 5—and be sure to return your completed form by Friday, May 19.
Has your address changed within the last six months? If so, and you have not yet notified us of your address, your original Benefit Verification Form may have been returned to us, and your "second notice" may also be returned. Please be sure to send us a change of address form, and include a note to request that another Benefit Verification Form be sent to you at your new address.
For more information, please see: Benefit Verification process.
Active members: Learn about "Your MTRS Benefits" at our spring programs
Your MTRS Benefits is an optional, free, two-hour informal program for any member who wants more information about MTRS retirement benefits—whether you are a recent member, mid-career educator, or soon-to-be-retiree. To attend, register online.
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.