**NEW** ORP ADVISORY - MAY 2014 pdf format of **NEW** ORP ADVISORY - MAY 2014

Section 60 of the Pension Reform Act of 2011 (Chapter 176 of the Acts of 2011) allows certain* ORP participants a one-time opportunity to change their retirement coverage to the Massachusetts State Employees’ Retirement System (MSERS).

Visit the Massachusetts Department of Higher Education’s (DHE) Section 60 Pension Reform web page for the most recent news about this issue and about guidance regarding eligibility, enrollment requirements, and implementation timelines.

Please direct your ORP queries to the ORP email box: ORP@bhe.mass.edu

*Individual eligibility will be confirmed when the participant receives the official packet at their home address.

What is the MSERS?

The State Retirement Board administers the Massachusetts State Employees’ Retirement System (“MSERS”) for state employees and  employees of certain other public entities. The MSERS is a contributory defined benefit retirement plan governed by Massachusetts General Law Chapter 32. The system provides retirement, disability, survivor, and death benefits to members and their beneficiaries.

Helpful links to learn more about the MSERS

Click here to view the MSERS ORP Seminar Presentation pdf format of ORP SRB Presentation 2014 file size 1MB

Comparison of the ORP and MSERS’ Key Features 
A general side-by-side chart comparison of the two plans for those hired prior to April 2, 2012.

Benefit Guide for the MSERS pdf format of Benefit Guide file size 4MB
This guide is intended to provide you with a general outline of retirement benefits offered by the MSERS, including  general eligibility, service, and contribution requirements.

The MSERS Online Pension Calculator
This pension calculator will give members of the MSERS in Groups 1, 2 or 4 an approximation of their potential retirement benefits. Most employees eligible for the ORP one-time transfer to the MSERS are Group 1.

These estimates are for those who became and have remained members of the MSERS  before April 2, 2012. Final benefit determinations would be made by the State Retirement Board at the time of retirement.

PLEASE NOTE: Employees of the Massachusetts State Retirement Board cannot, and are not authorized to, advise you in any manner as to which plan is better suited for you. Please carefully review all materials that were mailed to you by the DHE. Certain plan provisions under the MSERS may not be applicable to transferring ORP participants.