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!
Benefit recipients: If you have already returned your 2017 Benefit Verification form, thank you--and watch for your yellow acknowledgement postcard!
As of Monday, March 20, our vendor has received approximately 52,360 of the more than 63,000 Benefit Verification forms that were sent to all benefit recipients in January in the same envelope as the 2016 Form 1099-R tax statement. Yellow acknowledgement postcards have been sent to approximately 36,750 retirees so far, with another 9,856 postcards scheduled to go in the mail on March 29.
If you lost or misplaced your original form, please wait for a "Second Notice" to arrive at the end of April--and be sure to return your completed form as soon as possible.
Has your address changed within the last six months? If so, and you have not yet notified us of your new address, your original Benefit Verification form may have been returned to us, and then your "Second Notice" may also be returned. Please be sure to send us a Change of Address form at your earliest convenience.
For more information, please see Benefit Verification process.
Benefit recipients: Your federal tax withholding may have changed with your January payment
The Internal Revenue Service updated the federal tax withholding tables for 2017. If you have federal taxes withheld from your monthly benefit:
- based on the IRS tax tables (i.e., your marital status and the number of exemptions claimed), beginning with your January payment, you may see a change in your net benefit amount because your tax withholding changed under the new table. Additionally, if you receive your payment via direct deposit, you will receive a mailed statement for January because your net amount changed from last month.
- as either a fixed dollar amount or as a percentage of your gross benefit, your tax withholding was not affected by this change in the IRS tables.
For additional information, please see Taxation of your benefit.
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.