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.
Retired Members' 2014 Biennial Benefit Verification Form
If you are a benefit recipient of the Massachusetts State Employees’ Retirement System (“MSERS”) you will receive a Benefit Verification Form (“BVF”) in the mail during the next week or two. Response is requested by April 11, 2014. BVF FAQs
April retirement checks will be mailed on Monday, April 28th and direct deposits will be deposited on Wednesday, April 30th as scheduled.
GIC ANNUAL ENROLLMENT HEALTH FAIRS
Annual Enrollment time is here, giving you the opportunity to review your benefit options and choose a new health plan or make other benefit changes if you desire. If you want to keep your current Group Insurance Commission (GIC) health plan, you do not need to fill out any paperwork. Your coverage will continue automatically. Please take this opportunity to think about what you and your family need in the way of health coverage and other benefits.
For Active Employees, please click on link for your options: Active Employee Benefits
For Retirees and Survivors, please click on link for your options: Retirees and Survivor Benefits
MASSACHUSETTS PENSION FUND REPORTS 15.2 PERCENT RETURN FOR 2013. $7.9 BILLION GAIN DRIVES NET ASSET VALUE TO $57.9 BILLION. Please click on the link for more information.PRIM 2013 Performance
STATE ANNOUNCES $265 MILLION SETTLEMENT IN CLASS-ACTION SUIT
The Massachusetts state pension fund, which served as lead plaintiff in the case on behalf of itself and other investors, brought the legal action in response to the company’s safety disclosures, alleging that certain misrepresentations artificially inflated the stock price, and the eventual disclosures and corresponding loss of value harmed investors. Please see link for more information. 265-Pressrelease.pdf
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.