Here you will find important information including the 2015 ERIP Application.
Please note: Due to the anticipated interest in the ERIP, the Board will NOT be able to manage making appointments. Staff will meet with members on a first-come first-served basis.
Beginning on Monday, May 11, 2015, the Board will extend its business and walk-in hours as follows:
PENSION ESTIMATE PERCENTAGE CHART
Click here for Retirement Percentage Chart
Members can calculate their own retirement benefit estimate using the above Retirement Percentage Chart. Information on how benefits are calculated can be found in our Retirement Benefit Guide beginning on page 14.
2015 PENSION PAYCHECK SCHEDULE
To download the complete 2015 Pension Paycheck Schedule Click here!
ACTIVE MEMBER'S 2014 ANNUAL STATEMENTS
If you are an active member of the Massachusetts State Employees’ Retirement System (“MSERS”) you will receive your Annual Statement in the mail during the next week or two. Your Annual Statement provides the balance in your annuity savings account as of December 31, 2014. Members who entered state service January 1, 2015 or later will not receive a statement this year. Click here to learn more!
Last year, 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
Click here to view the MSERS ORP Seminar Presentation 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.