Slideshow Featured Content

  • 2015 MSRB Election Results!

    Congratulations Theresa F. McGoldrick, Esq.!

    Thank you to those members who voted! 

    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 »

  • 2014 Form 1099-R’s Have Mailed

    They mailed on January 26, 2015. Look for it in your mailbox!

    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 »

  • Operation Money Wise

    Operation Money Wise Saturday March 21st

    Attend a free personal finance conference for servicemembers, veterans and their families.

    Learn More »

PROPOSED EARLY RETIREMENT INCENTIVE PROGRAM (ERIP)

Here you will find important information and helpful resources.

Please note: As of today, NO ERIP legislation has been finally enacted or approved for implementation. Therefore, at this time, due to our ongoing volume of current benefit requests, and the possibility of changes to the legislation, Board staff is not in a position to process requests for benefit estimates associated with the proposed ERIP.   Thank you for your continued understanding and patience!


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.


IMPORTANT BOARD ELECTION NOTICE

The 2015 State Retirement Board Election is now closed. Voting ended on Friday, March 20, 2015. The Board is pleased to announce that Ms. Theresa McGoldrick, Esq. has been re-elected for another three-year term. Congratulations Ms. McGoldrick! 

Thank you to all the candidates and members who participated in this election. 


MSRB WINTER / SPRING SMART SEMINAR SCHEDULE ANNOUNCED

The schedule for the 2015 Winter / Spring SMART Retirement and Beyond seminar series is now available. These seminars are held exclusively for Massachusetts State Employees. Register today - space is limited!


2015 PENSION PAYCHECK SCHEDULE

March pension checks will be mailed on Friday March 27th and direct deposits will be made on Tuesday, March 31st as scheduled.

To download the complete 2015 Pension Paycheck Schedule Click here!


1099-R NOTICE

1099-R statements were mailed on Monday, January 26, 2015. If you have not yet received yours, please call the MSRB. Be sure to notify the State Retirement Board in writing if your address has changed. Our change of address form can downloaded here pdf format of Change of Address Form
. For additional information on understanding your Form 1099-R, please click here.


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.