Breaking News

FEDS ANNOUNCE 2014 CPI: 1.5%

No Increase For Medicare Part B Premium

OCTOBER 30, 2013: Today, the Social Security Administration announced that the Consumer Price Index (CPI) for the previous 12 months (September ’12 to Oct ’13) is 1.5%. The announcement follows recent reports by the Federal Reserve detailing historically low inflation.

RETIREE HEALTHCARE REFORM REENTERS SPOTLIGHT

Public Hearing on H59 Thursday

OCTOBER 28, 2013: Arguably the biggest issue to come before the legislature during the current two-year session reenters center stage on Beacon Hill this week, when H59, the much watched Retiree Healthcare Reform proposal, receives a public hearing.

DISABILITY BILL HEARING TUESDAY

Healthcare Reform Set For Halloween

OCTOBER 18, 2013: On Tuesday, the Joint Committee on Public Service will conduct a public hearing that includes legislation filed by the Association relative to disability retirement.

The bills, filed on our behalf by Representative Tacky Chan (D-Quincy), propose to improve the ordinary disability benefit for future retirees, as well as alter the oversight of disability retirees.

HEALTH EXCHANGE KICKOFF: No Impact On Current Insurance Plans

OCTOBER 1, 2013: Today marks the nationwide kickoff of the new health insurance exchanges, the main component of the federal Affordable Care Act (ACA), commonly called Obamacare. Between now and December 15, individuals can sign up for one of the health insurance plans being offered through their state’s exchange, with insurance coverage

MACRS EXECUTIVE BOARD VOTES TO OPPOSE DIVESTITURE OF FOSSIL FUEL IN PENSION FUNDS

MACRS EXECUTIVE BOARD VOTES TO OPPOSE DIVESTITURE OF FOSSIL FUEL IN PENSION FUNDS

SEPTEMBER 13, 2013: Yesterday, the 18-member Executive Board of the Mass. Association of Contributory Retirement Systems (MACRS) unanimously voted to oppose legislation that would require the State’s Pension Fund Board (PRIM Board) to divest all holdings in the Fund, which include fossil fuel such as oil, gas and coal.

HAVERHILL CITY COUNCIL TABLES COLA BASE VOTE

Base Increase Opposed By Mayor Fiorentini

SEPTEMBER 11, 2013: Last night, the Haverhill City Council tabled a request by the Haverhill Retirement Board that would have raised the cost-of-living base for its retirees.

The initiative, voted 3-2 by the Retirement Board, would have increased the base amount, which is currently $12,000, by $1,000 per year for each of the next three years, capping at $15,000 in 2016.

ASSOCIATION ELECTS NEW PRESIDENT

ASSOCIATION ELECTS NEW PRESIDENT

Frank Valeri To Take Reins In December

SEPTEMBER 10, 2013: Beginning this December, our Association will have a new President.

In something of a surprise to many members, at last Friday’s Annual Meeting and biannual election, President Ralph White announced that he was not seeking election for a new two-year term.

STATE BOARD ELECTION UNDERWAY

White is Candidate

SEPTEMBER 9, 2013: Although no longer President of the Association, Ralph White will remain active in the public retirement arena.

His first chore is to win reelection to the State Board of Retirement for a new three-year term beginning in January. The election is now underway.

FALL LEGISLATIVE SESSION BEGINS

Busy Schedule For Public Service Committee

SEPTEMBER 5, 2013: With the summer recess now in the rearview mirror, the state Legislature has returned to Beacon Hill with an aggressive fall agenda.

On Tuesday, September 10th, the Joint Committee on Public Service will reconvene with what is expected to be a lengthy public hearing in the State House’s Gardner Auditorium. Association officials will be on hand to testify on further increases to the COLA base (S1259 & S1263) and the Option B & C recalculation (H2235).

Annual Meeting Friday, September 6

Annual Meeting Friday, September 6

AUGUST 30, 2013: If you haven't already, mark your calendar for the Association's September 6 Annual Meeting - one week from today.

The meeting, once again held at The Lantana in Randolph, begins at 1:00 PM. Further information and directions can be found by clicking here.