Retirement Benefits

Articles about Retirement Benefits that may be useful to Massachusetts retirees.

50 Years as the Voice of the Retired Public Employee

Founded in the fall of 1968, Mass Retirees has served as the lead advocates for all Massachusetts retired public employees for the past 50 years. 

From the Association’s humble beginnings, our mission has been to represent the interests of all public retirees at the state, local and federal levels of government. Our focus is public pension, Social Security, Medicare and retiree healthcare policy, for which Mass Retirees has become widely recognized for our expertise.

State Officials Hold Annual Revenue Consensus Hearing

State Officials Hold Annual Revenue Consensus Hearing

Pension Funds Cited As Positive Economic Factor

DECEMBER 5, 2018: This morning the state’s top budget, revenue and fiscal officials conducted what’s known at the Revenue Consensus Hearing. The annual State House meeting kicks off the coming budget debate for FY 2020.

Legislature Restores Retiree Work Limit To 1,200 Hours

Legislature Restores Retiree Work Limit To 1,200 Hours

Rejects Governor’s Counter Proposal

 AUGUST 1, 2018: Late last night, the Legislature reapproved Mass Retirees proposal increasing the limit on public sector post retirement employment to 1,200 hours annually.

The legislation, which is now known as H4821, increases the hourly limit part time work from the current limit of 960 hours to 1,200 per year. H4821 is now before Governor Charlie Baker, who has 10 days in which to either approve or veto the bill.

Baker Rejects Part-Time Work Limit Increase

Baker Rejects Part-Time Work Limit Increase

Mass Retirees Shocked By Governor’s Counter Proposal

JULY 26, 2018: Governor Charlie Baker has rejected a Mass Retirees proposal that would increase the hourly limit for retirees returning to part-time public sector work. Our proposal, which was also backed by the Mass Police and Professional Fire Fighters, was passed within the FY19 State budget as outside section 29.

Legislature Approves Increase in Retiree Part-Time Work

Legislature Approves Increase in Retiree Part-Time Work

Now Awaiting Governor’s Approval

JULY 19, 2018: The recently passed State Budget includes a section increasing the hourly restriction on part-time work to 1,200 hours a year. This measure applies to public retirees who return to part-time work with either the state or local government within Massachusetts.

Mass Retirees partnered with the Mass Police Association to spearhead the statutory change, which effectively amounts to 23 hours a week. Current law limits public retirees to just 960 hours annually, or 18.5 hours a week.

Municipal Retiree Insurance Moratorium Expired June 30th

Fight Continues For Permanent Protection

 

Senate Approves Changes to Retiree Work Restrictions

Increases Annual Hour Limit to 1,200

During its debate on the FY19 State Budget,  the Senate has voted to increase the hourly limit placed on retirees who return to part-time public service for a state or local entity in Massachusetts. Senators Michael Rodrigues (D-Westport) and Paul Feeney (D-Foxboro) cosponsored the measure as a floor amendment to the budget.

State Life Insurance Increase No Easy Task

Budget Amendments Rejected

For more than a decade, Mass Retirees has fought for an increase in the state’s basic life insurance benefit for retirees and active employees. Our goal is to increase the benefit to $10,000.

As members know, the current $5,000 benefit was established in 1985. After 33 years, the benefit no longer satisfies its original intent – to cover retirees’ funeral and burial expenses. According to the National Association of Funeral Directors, costs in Massachusetts well exceed $5,000 and can easily surpass $10,000, even for modest arrangements.

The Real Reason the Investor Class Hates Pensions

By DAVID WEBBER, New York Times MARCH 5, 2018

No issue in America today better illustrates the divergent interests of working Americans and the 1 percent than pension reform. Substantial empirical evidence shows that America’s favored retirement vehicle — the 401(k), recently renounced by its own inventors — is grossly inadequate and will leave tens of millions of Americans with insufficient retirement assets.

Cancer Prevention Takes Center Stage At Retirement Conference

Firefighters Focus on Prevention

Twice a year the Mass. Association of Contributory Retirement Systems (MACRS) holds educational conferences designed to enhance the knowledge of board members and staff from the state’s 104 retirement systems. Beyond simply learning about investment practices and retirement law, attendees have the opportunity to grow their knowledge of some of the most important issues of our times.