ASK THE RETIREMENT BOARD
MSRB staff want to make sure any questions you have are answered. If you are looking for more information or have a question about a specific topic, please click here to us an email at email@example.com. We appreciate your comments, suggestions and questions and look forward to hearing from you!
FY 2018 COLA Update: Approved!
On July 17, 2017, Governor Baker approved most of the FY 2018 budget, including the retiree COLA (Cost-of-Living Adjustment), as submitted by the Legislature. If you retired prior to July 1, 2016 and are otherwise eligible, the July 31st payment will include the COLA. The COLA allows an increase of 3% of the first $13,000 of your annual benefit paid in monthly installments, effective July 1, 2017, for a maximum increase of $390/year or $32.50/month. If you have direct deposit and have not elected to go-green you will receive a July statement. We suggest you keep the statement as a record of your monthly benefit. As always, you can view your statement online at PayInfo. Your ID is on your statement below your name.
JULY PENSION PAYCHECKS
July pension paychecks will be mailed on Thursday, July 27th and direct deposits will be made on Monday, July 31st, as scheduled. Click the following link to view the Pension Paycheck Calendar!
RETIREE eNEWS BULLETIN
The July issue of the Retiree eNews Bulletin is now available! Read it here!
HOW TO CHANGE YOUR ADDRESS, DIRECT DEPOSIT, W-4P TAX INFORMATION VIDEO
In episode 3 of Understanding Your Benefits, we explain for retirees how to complete and file a Change of Address request, change of Direct Deposit Information, and a change of W-4P Federal Tax Withholding amount with the retirement board. To view the video, Click here.
DO YOU NEED HELP FINDING OUR BOSTON OFFICE?
Directions to our Boston Office location can be found here, otherwise you'll want to watch the MSRB's newest video, How to find our Boston office! It will show, and explain to you, how to find our exact location within the heart of Downtown Crossing in Boston. Please take a look and let us know what you think! Email your feedback to MSRBCommunications. We look forward to hearing from you.
MARIS/ROBERT C. MINUE PROJECT!
PENSION ESTIMATE PERCENTAGE CHARTS
Members can calculate their own retirement benefit estimate using the appropriate Retirement Percentage Chart below.
Information on how benefits are calculated can be found in our Retirement Benefit Guide beginning on page 14.