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: 1099-R tax forms were mailed out in January
If you received a benefit payment from the MTRS in calendar year 2015, then you should have received your 1099-R, as they were mailed out in January. If you do not receive your tax form by Wednesday, February 17, please call our Cambridge office at 617-679-6877 to request a duplicate.
For more information, please see:
Benefit recipients: Please take note of these two timely updates:
1) No Benefit Verification process this year
You will not receive a blue-and-yellow Benefit Verification form with your tax form this year, as the MTRS conducts this process every two years, and we sent you a Benefit Verification form in 2015. We will, however, send out 1099-R forms in January as scheduled, so please watch your mailbox.
2) Your federal tax withholding may have changed with your January payment
The Internal Revenue Service updated the federal tax withholding tables for 2016. 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.