The Official Website of the Massachusetts Teachers' Retirement System (MTRS)
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Welcome! The Massachusetts Teachers’ Retirement System is the largest of the Commonwealth’s 106 contributory retirement systems. We provide retirement, disability and survivor benefits to more than 88,000 active educators and 52,000 retirees. We’re glad to have you as a visitor and encourage you to browse often! What’s newNovember 18, 2009 The Final Report of the Special Commission to Study the Massachusetts Contributory Retirement Systems (pdf, 75 pages) October 6, 2009
September 22, 2009 While this legislation addresses a number of issues affecting the administration of benefits across the Commonwealth’s 106 public retirement systems, its most significant impact for MTRS members is in its amendments to the definition of regular compensation. The MTRS will be updating our regulations as necessary and working with the Public Employee Retirement Administration Commission (PERAC) to implement the provisions of the new law. For more information, please see:
September 14, 2009 If you are: July 14, 2009 As you may know, the Governor and Legislature approved a three percent cost-of-living adjustment (COLA) as part of the Commonwealth’s FY2010 budget. Effective July 1, 2009, this COLA allows an increase of three percent on the first $12,000 of the retirement benefit, for a maximum increase of $360 per year or $30 per month. Members who retired on or before June 30, 2008 are eligible to receive this COLA. If you are eligible to receive this COLA, it will be included in your July 2009 payment. Your monthly gross amount for July will then be your new monthly gross amount until any future COLAs are granted.
April 29, 2009 The American Recovery and Reinvestment Act (ARRA), known as the federal stimulus bill, lowered tax withholding rates for retirees beginning April 1, 2009 and continuing through 2010. Accordingly, if your federal income taxes are withheld from your monthly benefit payment based on:
If you would like to change your federal tax withholding amount or method, please submit a revised Substitute W-4P form (pdf, one page), and be sure to see The Federal Stimulus Bill: FAQ.
Last modified: November 18, 2009 Massachusetts Teachers’ Retirement System Main Office: One Charles Park, Cambridge, MA 02142-1206; 617-679-MTRS (6877) Western Regional Office: 101 State Street, Suite 210, Springfield, MA 01103-2066; 413-784-1711
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