MEMORANDUM #44, 2007

Commonwealth of Massachusetts | Public Employee Retirement Administration Commission
Five Middlesex Avenue, Suite 304, Somerville, MA 02145
Ph 617 666 4446 | Fax 617 628 4002 | TTY 617 591 8917 | www.mass.gov/perac
Domenic J. F. Russo, Chairman | A. Joseph DeNucci, Vice Chairman
Mary Ann Bradley | Paul V. Doane | Kenneth J. Donnelly | James M. Machado | Donald R. Marquis
Joseph E. Connarton, Executive Director


M E M O R A N D U M

TO:             All Retirement Boards

FROM:      Joseph E. Connarton, Executive Director

RE:             Superannuation Retirement Pension Calculator

DATE:        November 29, 2007

We are pleased to provide visitors with a link on PERAC’s website (www.mass.gov/perac) to the superannuation retirement pension calculator (http://www.mass.gov/smartplan/retirementestimator/estimate.htm) developed by the State Board of Retirement. This calculator provides estimates of potential retirement benefits for superannuation retirement only, and to individuals within Groups 1, 2 and 4. It does not provide estimates for disability retirement, termination allowances [Section 10(2)], and specialized calculations including those for members of the State Police Department, judges, and corrections officers seeking a “20/50” retirement. An individual who is interested in one of these benefits should contact his/her retirement board.

Please note that actual pension amounts can ONLY be calculated at the time of retirement under M.G.L. c.32 and the Massachusetts State Employees’ Retirement System or any other retirement system is not bound by estimates given via the on-line calculator.

The members of your system might very well wish to access the calculator for estimating their retirement benefits from time to time. Please let them know about it.   

I congratulate the State Retirement Board on developing this calculator and appreciate their willingness to share it. 

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