These brief notices appear in the message area of the printed pension checks and direct deposit statements when they are mailed to benefit recipients.

As a reminder, direct deposit statements are only mailed when...

  • your first direct deposit is made;
  • there is a change in the amount of your direct deposit from the prior month (for instance, if you change the amount of your federal tax withholding or your insurance premium changes);
  • the MTRS needs to inform retirees of new information and prints a special notice on the top portion of the direct deposit statement; and
  • the MTRS provides you with your year-end statement in December, showing your complete year-to-date information for the calendar year.

June 2017

If your insurance premiums are withheld from your monthly benefit, you may see a change in this month's payment as most school districts have changed their rates effective July 1, 2017. As insurance premiums are paid a month in advance (for example, your July coverage is withheld from your June payment), your new rates may be reflected in this month's payment.
INSURANCE QUESTIONS? Please contact the insurance coordinator for the city, town, or school district that administers your health insurance. GENERAL QUESTIONS? Visit mass.gov/mtrs or call 617-679-6877.

May 2017

STILL RECEIVING YOUR MONTHLY PAYMENT AS A MAILED CHECK?
Please consider direct deposit!
* No trips to the bank or waiting in line to cash your check.
* No risk of your payment getting stolen or lost in the mail.
* Instant access to your payment on the last business day of the month.
* Plus, you'll help the environment and reduce costs for our pension system!
It’s easy to sign up for direct deposit—call us at 617-679-6877 and request the form, or download it from our website at www.mass.gov/mtrs. Thank you!

April 2017

As of April 2017, your MTRS benefit payments will be drawn from People's United Bank instead of Santander Bank. 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. INTERESTED IN SIGNING UP FOR DIRECT DEPOSIT? Please call 617-679-6877 or visit mass.gov/mtrs to download a Direct Deposit Authorization Form.

March 2017

Attention benefit recipients: If you have not yet returned your 2017 Benefit Verification Form, please do so ASAP--the deadline is March 31, 2017. If you have already returned it, thank you! Also, please remember that it is very important that you keep us informed of any temporary or permanent change in your home address. To change your address, obtain a "Change of Address form" from our website at www.mass.gov/mtrs. If you have any questions about this information or if you would like us to send you a "Change of Address form," please call our main office at 617-679-6877.

February 2017

Attention benefit recipients: If you have not yet returned your 2017 Benefit Verification Form, please do so ASAP--the deadline is March 31, 2017. If you have already returned it, thank you! Also, please remember that it is very important that you keep us informed of any temporary or permanent change in your home address. To change your address, obtain a "Change of Address form" from our website at www.mass.gov/mtrs. If you have any questions about this information or if you would like us to send you a "Change of Address form," please call our main office at 617-679-6877.

January 2017

1) IF YOUR PAYMENT HAS CHANGED THIS MONTH, IT MAY BE DUE TO A CHANGE IN YOUR FEDERAL TAX WITHHOLDING AND/OR INSURANCE PREMIUM. The 2017 IRS withholding tables are now in effect, so if your tax withholding is based on these tables, your withholding may have changed. 2) YOU SHOULD RECEIVE YOUR 2016 1099-R AND 2017 BENEFIT VERIFICATION FORMS IN THE MAIL BY THE END OF JANUARY. If you moved recently, and notified the post office of your new address, your forms will be forwarded; if you do not receive them by Feb. 15, please call 617-679-6877 to request duplicates. Questions? Visit mass.gov/mtrs.


December 2016

1) This is your 2016 year-end statement. This summary of your calendar year-to-date payment information is provided as a service to you, just for your reference. 2) You may notice a change in the amount of your health insurance premium. INSURANCE QUESTIONS? Please contact the insurance coordinator for the city, town, or school district that administers your health insurance. 3) By the end of January, we will send you your 2016 1099-R tax form and 2017 Benefit Verification form in the same envelope.

BENEFIT QUESTIONS? See mass.gov/mtrs or call 617-679-6877. Happy 2017!

November 2016

Attention retirees: Nominations for the Teachers' representative on the Pension Reserves Investment Management (PRIM) Board will be open from November 14, 2016 to January 24, 2017. The PRIM Board is responsible for investing and managing all money placed in the Pension Reserves Investment Trust (PRIT) Fund which is used to fund public pension liabilities. Any active or retired member of the Teachers' Retirement System is eligible to run for election for this unpaid position, which has a term of three years. For information, contact the MTRS at 617-679-6877.

October 2016

Retirees: It's getting to be that time of year when some of you head to warmer climates. If you're moving or spending a few months away from home, tell us! It is important that you keep us informed of any change in you mailing address so that we are sure to mail your 1099R and Benefit Verification forms to you on time. To change your address, obtain a Change Of Address Form at mass.gov/mtrs, or call 617-679-6877 and we will send you one. For your protection, we cannot accept address changes over the phone, unless you wish to activate a temporary address you have already given us.

September 2016

* * TAKE NOTE: OUR MAIN OFFICE HAS MOVED FROM CAMBRIDGE TO CHARLESTOWN * *

As of October 2016, our main office is located at:
500 Rutherford Avenue, Suite 210
Charlestown, MA 02129-1628

Questions? Visit mass.gov/mtrs or call 617-679-6877.
We look forward to serving you!

August 2016

STILL RECEIVING YOUR MONTHLY PAYMENT AS A MAILED CHECK?
Please consider direct deposit!
* No trips to the bank or waiting in line to cash your check.
* No risk of your payment getting stolen or lost in the mail.
* Instant access to your payment on the last business day of the month.
* Plus, you’ll help the environment and reduce costs for our pension system!
It's easy to sign up for direct deposit—call us at 617-679-6877 and request the form, or download it from our website at www.mass.gov/mtrs. Thank you!

July 2016

TO MEMBERS WHO RETIRED ON OR BEFORE 6/30/2015: As you may know, the Governor and Legislature approved a 3% cost-of-living adjustment (COLA) as part of the Commonwealth's FY2017 budget. Effective July 1, 2016, this COLA allows an increase of 3% on the first $13,000 of the retirement benefit, for a maximum increase of $390/year or $32.50/month. Members who retired on or before 6/30/2015 are eligible to receive this COLA. The COLA is included in this month's gross amount, which will be your new monthly gross amount until any future COLAs are granted. Questions? See mass.gov/mtrs or call 617-679-6877.

June 2016

If your insurance premiums are withheld from your monthly benefit, you may see a change in this month's payment as most school districts have changed their rates effective July 1, 2016. As insurance premiums are paid a month in advance (for example, your July coverage is withheld from your June payment), your new rates may be reflected in this month's payment. INSURANCE QUESTIONS? Please contact the insurance coordinator for the city, town, or school district that administers your health insurance. GENERAL QUESTIONS? Visit mass.gov/mtrs or call 617-679-6877.

May 2016

STILL RECEIVING YOUR MONTHLY PAYMENT AS A MAILED CHECK?
Please consider direct deposit! 
  • No trips to the bank or waiting in line to cash your check.
  • No risk of your payment getting stolen or lost in the mail.
  • Instant access to your payment on the last business day of the month.
  • Plus, you'll help the environment and reduce costs for our pension system!
It's easy to sign up for direct deposit—call us at 617-679-6877 and request the form, or download it from our website at www.mass.gov/mtrs. Thank you!

April 2016

Want to receive retirement updates via e-mail?
Sign up for our e-mail list!
Provide us with your e-mail address and we'll deliver retirement news right to your desktop. It's easy—just go to our website at mass.gov/mtrs and, in the right margin, click on "Join our e-mail list." Follow the instructions to complete the simple online form, then sit back and watch your inbox for periodic updates from us! As always, we are here to help. If you have any questions, feel free to call us at 617-679-6877.

March 2016

Attention retirees: Moving? Returning to your summer home? Please be sure to keep us informed of any temporary or permanent change in your home address, even if you receive payment via direct deposit. To change your address, simply obtain a "Change of Address" form from our website at www.mass.gov/mtrs, or call us at 617-679-6877 and we will send you a form. For your protection, we must receive your change in writing. Thank you!

February 2016

STILL RECEIVING YOUR MONTHLY PAYMENT AS A MAILED CHECK?
PLEASE CONSIDER DIRECT DEPOSIT!
No trips to the bank or waiting in line to cash your check.
No risk of your payment getting stolen or lost in the mail.
Instant access to your payment on the last business day of the month.
PLUS, you’ll help the environment and reduce costs for our pension system!
It's easy to sign up for direct deposit--download the form from our website 
at mass.gov/mtrs or call us at 617-679-6877 and request the form. Thank you!

January 2016

IF YOUR NET PAYMENT HAS CHANGED THIS MONTH, IT MAY BE DUE TO A CHANGE IN YOUR FEDERAL TAX WITHHOLDING AND/OR YOUR INSURANCE PREMIUM. The 2016 IRS tax withholding tables are now in effect, so if your federal tax withholding is based on the IRS tax tables, your tax withholding may have changed. Many insurance rates also changed as of January 1, so you may notice a change in your health insurance premium. INSURANCE QUESTIONS? Contact the insurance coordinator for the city or town that administers your insurance benefits, not the MTRS. GENERAL QUESTIONS? Visit mass.gov/mtrs or call 617-679-6877.