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
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.
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.
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
To download the complete 2015 Pension Paycheck Schedule Click here!
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 . For additional information on understanding your Form 1099-R, please click here.
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.