Slideshow Featured Content

  • MSRB Board Election 2015

    Election Notice of Retirement Board Member Opportunity

    An election will be held for 1 of the 2 elected positions to the 5-member Board. The elected member will serve for a 3-yr term beginning April 2015

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  • 2014 Fall Seminar Schedule

    Seminar Schedule

    A retirement planning seminar series exclusively for Massachusetts State Employees.

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  • Optional Retirement Plan Information

    ORP Information

    Optional Retirement Program (ORP) UPDATE

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  • floating-money

    Lost Beneficiaries of Deceased Retirees

    Please help us find beneficiaries of deceased retirees whose Option B benefits have not been claimed. 

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RETIREMENT CHECKS

The 2015 Pension Paycheck Calendar is now available. Click here!

The final 2014 retirement checks will be mailed on Monday, December 29th, and direct deposits will be deposited on Wednesday, December 31st as scheduled.


Massachusetts Pensions get $170 Million Dollar Boost. Click here for the article. Mass Pensions pdf format of Mass Pensions


Massachusetts State Pension Fund Rose 17.6% in Fiscal ‘14 

Click here for more information: PRIM News  pdf format of PRIM


ORP UPDATE

The Department of Higher Education received a favorable ruling from the Internal Revenue Service regarding implementation of Section 60 of the state's Pension Reform Act of 2011, thus providing the opportunity to re-evaluate choice of retirement plans: the ORP or the Massachusetts State Employee's Retirement System (MSERS). Please click on link for more information ORP Information

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

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

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

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.


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.