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GASB reporting: FY2016 update and prior years’ reports

The MTRS has been working with representatives from the State Comptroller's office, the Public Employees’ Retirement Administration Commission (PERAC), and KPMG to issue the GASB Statement No. 68 schedules for the fiscal year ended June 30, 2015 to be used by our employer units in their June 30, 2016 financial statements. GASB 68 requires the Commonwealth to provide certain "on behalf" pension information to Massachusetts cities and towns whose teachers' pensions the Commonwealth is responsible for funding.

Above is a link to the Final FY2016 GASB 68 report, dated September 12, 2016. Please note that all numbers, amounts and internal references to schedules and page numbers in the final report are the SAME as they were in the draft report dated August 24, 2016. The final report, however, includes attestations from the Commonwealth’s independent auditor.

If you have any questions about the GASB 68 report or the individual schedules, please contact Michael Rodino of the State Comptroller's office, at, or Sean Neilon, Assistant Executive Director of the MTRS, at

Historical reference:

Now available: Three new resources for employers

  • MTRS membership eligibility: Access information about defining "teacher," and special cases (charter school employees; part-time, temporary and provisional employees and the 6-month wait period; long-term substitutes).
  • Contribution rates explained: Find guidance on how contribution rates are determined; how the rate is determined for members who transfer into the MTRS from other Massachusetts retirement systems; the 30-plus (2%) deduction; and, incorrect assessments.
  • In MyTRS, "Members pending enrollment" report: Now, to find out which, if any, of your employees have not yet completed the online enrollment process, you can simply download a list from MyTRS. The report includes each employee's name and MTRS member number—which the employee needs to create a MyTRS account—so it is now easier to follow up and remind the employee to enroll online. To access the report in MyTRS, click on Deduction Reports and Payments, and then, in the Reports tab, select Members Pending Enrollment, as shown below.

You can find the pending enrollment report under the reports tab on MyTRS