Retirement Systems

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

PENSION FUND INVESTMENTS DOWN IN '11

MARCH 2012 VOICE: Year 2011 was not a good year for the $47.1 billion Commonwealth’s Pension Reserves Investment Trust (PRIT) Fund.

After strongly recovering from disastrous Year 2008, when the Fund lost -29.50% of its value, followed by earnings of 17.06% in Year 2009 and 13.56% in Year 2010, the Fund was a victim of the worldwide market slump last year. PRIT barely squeaked into the black with a return of 0.15%

Mass Retirees Endorses Theresa McGoldrick

Mass Retirees Endorses Theresa McGoldrick

For Reelection to State Retirement Board

State Retirees and active employees should be aware that an election is now underway for one of two seats on the State Board of Retirement. These elected officials are your representatives on the five-member Board.

As members know, Mass Retirees President Frank Valeri currently serves as one of the two elected members on the State Retirement Board. His term will end December 2019.

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.

State & Teachers' 2018 Mailing Dates Announced By Treasurer Goldberg

State Treasurer Deb Goldberg has announced the Mailing dates for State and Teacher pension checks for calendar year 2018. Also included are the direct deposit dates for those members who utilize that service through the Treasurer’s office.

 

Mass Retirees Endorses Paul Shanley For PRIM Board

PRIM BALLOTS DUE - Tuesday, MAY 9th

APRIL 10, 2017: For those retired members of STATE Retirement system who have not submitted ballots for this very important election at the State Pension Reserves Investment Management board (PRIM); Please vote on-line before Tuesday, May 9th  before 5pm, or by mail, postmarked before such deadline!

“Its essential we continue to have a voice on the investment arm of our state pension system, please vote for Paul Shanley”, Association President Frank Valeri.

Valeri Elected to State Retirement Board

Succeeds Association Founder Ralph White

The following is special message from Association President Frank Valeri:

Attention State Retirement System Retirees: Maris Update!

This coming January, the Massachusetts State Retirement Board (MSRB) will implement the first phase of its new information system, MARIS, replacing the Board’s current forty-year-old computer system.

For retirees of the Massachusetts State Employees’ Retirement System (MSERS), the first monthly benefit payment using MARIS will be the regularly scheduled payment for January 2017.

For more information or to access the State Retirement Board's new MARIS system, click here.

Retirement Board Election Alert

Dear Fellow State Retiree:

IF YOU HAVE NOT VOTED YET FOR THE YOUR STATE RETIREMENT BOARD ELECTION, ITS NOT TOO LATE.

Ralph White Steps Down From State Board

Ralph White Steps Down From State Board

Association President Frank Valeri Is A Candidate For Seat

October 17, 2016: Former Association President Ralph White has decided to step down from serving as one of the elected members for the State Retirement Board. He was first elected to serve on the State Retirement Board in January of 1997 and has served continuously since that time. Twenty years later his successor as Association President, Frank Valeri, has announced his candidacy to run for his open seat.

STATE BOARD BEGINS TO PAY ERIP RETIREES

Work Continues On Remaining Applications

On August 31, approximately 600 former state employees, who retired under the Employee Retirement Incentive Program (ERIP), will be receiving their first pension payment, retroactive to June 30, 2015. According to the ERIP law (Chapter 19, Acts of 2015), the State Retirement Board had 120 days (4 months) from the date of retirement (June 30) to issue pensions to the ERIP retirees.