The Legislature's Joint Committee on Public Service held its public hearing on House Bill 59 on October 31, 2013 at the Gardner Auditorium. They received a considerable amount of oral and written testimony which they will be reviewing over the coming weeks. As developments occur on the progress of the bill we will provide updates.
In observance of Christmas Day, the Offices of the State Retirement Board and Treasurer and Receiver-General will be closed on Wednesday, December 25, 2013.
December retirement checks will be mailed on Friday, December 27th and direct deposits will be deposited on Tuesday, December, 31st as scheduled.
What is MSERS?
The Massachusetts State Retirement Board administers the Massachusetts State Employees’ Retirement System (MSERS) for state employees and certain other employees of public entities. The Board also administers the former Massachusetts Turnpike Authority Employees’ Retirement System and benefits for members of the Judiciary. The MSERS is a contributory defined benefit retirement system governed by Massachusetts General Law Chapter 32. The system provides retirement, disability, survivor, and death benefits to members and their beneficiaries. This governmental plan is a Code section 401(a) retirement plan under Code section 414(d) of the Internal Revenue Code, established and maintained for the employees of the Commonwealth.
Membership in the system is mandatory for nearly all state employees who are employed on a part-time (minimum half time) or full-time permanent basis.