Retired Members' 2014 Biennial Benefit Verification Form
If you are a benefit recipient of the Massachusetts State Employees’ Retirement System (“MSERS”) and have not yet returned your 2014 Benefit Verification Form (“BVF”), a THIRD and FINAL form has been mailed to you. The deadline to return your completed form to the MSRB is Monday, August 18, 2014. Failure to respond by 8/18/14 may result in an interruption of your monthly benefit. BVF FAQs
The Fall 2014 SMART Retirement & Beyond schedule is now available!
The Governor has signed into law the Fiscal 2015 state budget. The COLA for eligible state and teacher retirees was included in the items that were approved. The COLA is 3% of the first $13,000 of a retiree's annual benefit.
Massachusetts State Pension Fund Rose 17.6% in Fiscal ‘14
Click here for more information: PRIM News
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
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.
September retirement checks will be mailed on Friday, September 26th and direct deposits will be deposited on Tuesday, September 30th as scheduled.
House 59 Legislation: Retiree Healthcare Benefits Reform
On February 12, 2013, Governor Patrick filed legislation to reform health insurance benefits for retirees that would save $20 billion dollars for the Commonwealth and municipalities over the next 30 years. For additional information, visit Other Post-Employment Benefits (OPEB)
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.