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 88,000 active educators and 60,000 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 2015 payment
As you may know, the Governor and Legislature approved a three percent cost-of-living adjustment (COLA) as part of the Commonwealth’s FY2016 budget. Effective July 1, 2015, 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, 2014;
- survivors of Option C retirees who retired on or before June 30, 2014;
- survivors of members who died while in active service on or before June 30, 2014; and
- accidental death benefit recipients whose benefits began on or before June 30, 2014.
If you are eligible to receive this COLA, it will be included in your July 2015 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.
Notice to our active and retired members:
Call for nominations—Board election to be held this fall!
As you may know, the Massachusetts Teachers' Retirement Board is comprised of seven members, two of whom are elected by the members of the Massachusetts Teachers' Retirement System for four-year terms. Since the terms of our incumbent elected members expire later this year, the Board has scheduled an election for this fall. Active and retired MTRS members are eligible to run for these unpaid positions, and, to qualify as a candidate, eligible MTRS members must submit completed nomination papers containing the valid signatures of at least 100 active or retired MTRS members.
If you are interested in running for one of these positions, you may obtain nomination papers from our Cambridge office beginning August 3, 2015; completed nomination papers must then be submitted by October 15, 2015. Ballots will be mailed to the home addresses of eligible voters in early November, and votes must be cast by December 10, 2015.
For more information, see:
Notice of July Board meeting
Please note that the Massachusetts Teachers' Retirement Board will hold its next meeting on Friday, July 31, 2015, at 9:00 a.m. in the Board Room of its Cambridge office, at One Charles Park, 2nd floor, Cambridge, 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 minutes and agendas.
Catch up on the latest news—read the June 2015 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.