MSRB OFFICE CLOSED JANUARY 16th, 2017
In observance of Martin Luther King Jr. Day, the Office of the State Retirement Board will be closed on Monday, January 16th, 2017.
NOTICE OF 2016/2017 PENSION RESERVES INVESTMENT MANAGEMENT (PRIM)BOARD ELECTION
Pursuant to Massachusetts General Laws c.32, §23 (2A)(a), the Pension Reserves Investment Management Board (PRIM) will conduct a regularly scheduled election for the Massachusetts State Employees’ Retirement System representative on the PRIM board. The elected member will serve for a three-year term without compensation beginning July 20, 2017.
Nomination papers became available on November 14, 2016 at the Retirement Board’s offices, One Winter St., 8th FL, Boston; 436 Dwight Street, Room 109A, Springfield; or via this website below.
Completed nomination papers must be received at the Retirement Board’s offices on or before 5:00 p.m., January 24, 2017.
INCREASED BENEFIT REQUESTS BEING MANAGED BY RETIREMENT BOARD
We at the State Retirement Board understand that you may have a pending benefit transaction or retirement application submitted with us and are anxious to know the status of your individual request. Click here for more information
PENSION PAYCHECK CALENDARS
January pension checks will be mailed on Friday, January 27th and direct deposits will be made on Tuesday, January 31st, as scheduled. Click the following link to view the Pension Paycheck Calendar!
FORM 1099-R UPDATE
1099-R forms will be mailed out before the end of January. Please watch for it in your mail. Be sure to notify the State Retirement Board of any change of address. Click here to download the MSRB's Change of Address form. For additional information on understanding your Form 1099-R, please click 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.
RETIREE eNEWS BULLETIN
The December issue of the Retiree eNews Bulletin is now available! Read it 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.
VOLUNTARY SEPARATION INCENTIVE PROGRAM
Questions related to eligibility and time lines for the Voluntary Separation Incentive Program for Executive Branch Employees should be directed to your individual agency Human Resources Office. Information may also be found at http://www.mass.gov/anf/.
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.
Section 60 of the Pension Reform Act of 2011 (Chapter 176 of the Acts of 2011) allowed certain* ORP participants a one-time opportunity to change their retirement coverage to the Massachusetts State Employees’ Retirement System (MSERS). *Individual eligibility was confirmed when the participant received the official packet at their home address.
The most current ORP updates are posted on the Massachusetts Department of Higher Education's (DHE) website. Click the following link to view: ORP Information
Please direct your ORP queries to the DHE ORP email box: ORP@bhe.mass.edu
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.