Issues

Once Again State Pension Fund One of the Best

Mass. pension fund enjoyed highest return from private equity investments of any in country

By Jon Chesto, GLOBE STAFF  MAY 23, 2018

The Massachusetts state pension fund is tops in its field when it comes to picking winners in the difficult world of private equity investments.

Senate Approves Change to Retiree Work Restrictions

Senate Approves Change to Retiree Work Restrictions

Increases Annual Hour Limit to 1,200

May 22, 2018: The State 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 an amendment to the FY19 Budget, now under debate in the Senate.

Trump thanks federal employees with $143.5 billion in retirement cuts

By Joe Davidson, Washington Post 

President Trump really knows how to say thank you.

Just as festivities geared up for Public Service Recognition Week, which began Sunday, his administration sent a letter to Congress proposing $143.5 billion in compensation cuts for federal employees. 

'Disappointing' End to State Budget Amendment Attempt

'Disappointing' End to State Budget Amendment Attempt

Focus Now Rests With Health Care Reform Legislation

April 27, 2018: On the fourth day of debate within the House of Representatives on the FY19 State Budget, Mass Retirees officials received disappointing news – the amendment pertaining to the State Basic Life Insurance was not adopted. 

Push to Increase State Retiree’s Life Insurance Benefit

Push to Increase State Retiree’s Life Insurance Benefit

Last Raised In 1985 – Retirees Urged to Call State Reps

April 23, 2018 – Mass Retirees has launched an all-out push to increase Basic Life Insurance benefits for state retirees and employees. The current $5,000 benefit was established 33-years ago in 1985.

House Budget Debate Begins April 23rd

House Budget Debate Begins April 23rd

Retirees Back Life & Health Insurance Amendments

April 18, 2018:  Mass Retirees backs four amendments to the FY19 budget, which is set to be debated in the House beginning April 23rd. The amendments range from increasing the basic state life insurance, protecting against increases in local health insurance contribution percentages, lifting hourly restrictions on part-time work in public service and granting Mass Retirees a seat on the state’s Group Insurance Commission. 

As Open Enrollment Begins, GIC Begins Planning for 2019

As Open Enrollment Begins, GIC Begins Planning for 2019

Governance, Transparency and Affordability Top Issues

April 5, 2018: Open enrollment is now underway for retirees enrolled in the state’s Group Insurance Commission. All changes take effect on July 1, 2018. The open enrollment period runs through May 2nd and coincides with GIC’s thirteen regional health fairs.

Retired Municipal Teachers Insurance Program Saved

Retired Municipal Teachers Insurance Program Saved

Legislature & Governor Take Quick Action to Avoid Premium Spike

March 27, 2018: At the urging of the Group Insurance Commission and Mass Retirees, the State Legislature and Governor Baker worked together to quickly head off a pending nightmare for the 10,000 teachers participating in the state’s Retired Municipal Teacher (RMT) Program.

LEGIS, BAKER ACT TO SAVE RETIRED TEACHERS ON HEALTH INSURANCE

Urgent legislation required to spare a group of retired public employees, mostly teachers, from a spike in health care costs next year sped through the legislative chambers on Monday and Gov. Charlie Baker quickly signed his name to the bill he filed just over a week ago. The new law will merge roughly 10,000 retirees into the main pool of Group Insurance Commission members, enabling them to avoid cost spikes, according to the governor and GIC officials.

Legislation Moving For RMT Insurance Fix

Legislation Moving For RMT Insurance Fix

Mass Retirees Joins GIC in Calling For Swift Action

March 20, 2018: The closing minutes of winter 2018 marked a joint effort by the Group Insurance Commission and Mass Retirees to pass emergency legislation to merge the GIC’s two insurance pools.