Slideshow Featured Content

  • Looking for information about the 2015 ERIP?

    Click here to get all the facts!

    Learn More »

  • A message for those with a pending buy back request.

    Learn More »

  • Retirement Annual Statement 2013

    How to read and understand your 2014 Annual Statement.

    Learn More »

  • 2014 Fall Seminar Schedule

    Winter / Spring Seminar Schedule Announced!

    A retirement planning seminar series exclusively for Massachusetts State Employees. Register today - space is limited!

    Learn More »

  • The MSRB Retiree eNews Bulletin

    The MSRB Retiree eNews Bulletin

    Back issues of the Retiree eNews Bulletin are now available online!

    Learn More »

  • Optional Retirement Plan Information

    ORP Information

    Optional Retirement Program (ORP) UPDATE

    Learn More »

  • Lost Beneficiaries Slide

    Lost Beneficiaries of Deceased Retirees

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

    Learn More »

2015 EMPLOYEE RETIREMENT INCENTIVE PROGRAM

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:

BOSTON OFFICE:

One Winter Street, 8th Floor, Boston, MA 02018:

Monday - Thursday: 8:00am - 6:30pm | Friday: 8:00am - 5:00pm

Saturday: Closed

SPRINGFIELD OFFICE:*

436 Dwight Street, #109A, Springfield, MA 01103
*Note: All state employees visiting the MSRB Springfield office during extended hours must use the Taylor Street entrance and have their state ID with them. Please be advised that parking in the back lot of the building is not permitted. Those spaces are assigned parking only.

Monday - Thursday: 8:00am - 6:00pm | Friday: 8:00am - 5:00pm

Saturday: Closed

CLICK HERE FOR DIRECTIONS TO OUR OFFICES.


SERVICE PURCHASE (BUY BACK) REQUESTS


PENSION ESTIMATE PERCENTAGE CHART 

Click here for Retirement Percentage Chart pdf format of Pension Estimate Calculation 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 pdf format of Benefit Guide
beginning on page 14.


2015 PENSION PAYCHECK SCHEDULE

May pension checks will be mailed on Wednesday, May 27th and direct deposits will be made on Friday, May 29th as scheduled.

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!


ORP UPDATE

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

**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.