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Benefit Check Delays Continue To Frustrate New Retirees

Benefit Check Delays Continue To Frustrate New Retirees

September 28, 2021: The "number-one problem" that Mass Retirees President Frank Valeri hears from his members is that it takes too long for newly retired public employees to collect their first monthly benefit check. Warning that the sizable gaps between a retirement date and a payment date put undue financial strain on workers at the end of their careers, Valeri urged lawmakers Tuesday to adopt reforms that guarantee delivery of at least partial checks by the due date. "These are the things that bother me," Valeri told the Public Service Committee.

Weekly Update: Latest Retirement News

Weekly Update: Latest Retirement News

By Shawn Duhamel, Chief Executive Officer

Breaking News: Gov Rejects Part-Time Work Increase

Breaking News: Gov Rejects Part-Time Work Increase

Sends Back Amended Budget Section 

JULY 19, 2021: Governor Charlie Baker signed the $47.6 billion Fiscal Year 2022 budget on Friday, July 16th. While no changes were made to the State and Teacher retirees COLA or the Group Insurance Commission line items, he did return certain items to the legislature with amended language. 

A special town hall meeting Friday, 6/25

A special town hall meeting Friday, 6/25

June 18, 2021 - Weekly News Update: A big benefit of holding Tele-Town Hall meetings is that they enhance our ability to bring important guest speakers to our members on a regular basis. 

Work Waiver Extension Update – Efforts Still Underway:

Work Waiver Extension Update – Efforts Still Underway:

June 16, 2021- Late last evening, the House and Senate passed a bill that would extend several COVID-19 policy measures that expired when the Governor’s state of emergency was lifted on June 15th. The House passed their version mid-morning and in an unusual move the two versions were sent to conference committee and hammered out the same day. The Senate version included language that would extend the Post Retirement Work Waiver until December 15th, 2021.

Senate Passes Post-Retirement Work Waiver Extension

Senate Passes Post-Retirement Work Waiver Extension

June 10, 2021-Thursday the Senate passed the Post-Retirement Work Waiver Extension amendment as part of legislation that addressed policies related to the COVID-19 pandemic. The current waiver was set to expire when the Governor’s state of emergency order expired on June 15th

Extension of Post-Retirement Work Waiver Before Senate

Mass Retirees Seeks Extension Through Year-End 

June 9, 2021 – On Thursday the state Senate is poised to debate legislation aimed at addressing various public policies related to the COVID-19 pandemic that are set to expire next week when Governor Baker’s Public Health Emergency Order ends on June 15th. Of direct concern to our Association is the expiration of the post retirement work waiver that has been in place since March 2020.

National Support for WEP Reform Grows

The following state and national public retiree associations, public employee unions and retirement advocacy organizations have each publicly endorsed H.R. 2337, Congressman Richard Neal's Social Security WEP reform proposal.

Endorsements of the Public Servants Protection & Fairness Act of 2021 (HR 2337)

National groups:

Update: Post-Retirement Work Hours Budget Language and Special Waiver Extension in The Works

Update: Post-Retirement Work Hours Budget Language and Special Waiver Extension in The Works

June 2, 2021 - Last Thursday the State Senate completed their FY22 budget debate and soon the conference committee will begin their work to hammer out a final document. As reported prior, the House voted unanimously to support the Mass Retirees amendment, filed by Representative Mark Cusack, that would increase the post retirement work hours from 960 hours to 1200 hours. While Senator Mike Brady did file the same amendment on the Senate side the language was not included.

Pension Fund Hits All-Time High, Beating 2020 Return Targets

Pension Fund Hits All-Time High, Beating 2020 Return Targets

MAY 26, 2021: The Massachusetts state pension fund hit another all-time high when the most recent quarter ended March 31, capping a one-year period that saw a return of 30 percent and an investment gain of $21 billion with $90.1 billion in assets now under management.