Retirement Benefits

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

ALERT: BOSTON MEMBERS ON ACCIDENTAL DISABILITY

Help With Your Form 1099-R

We’ve been receiving calls and emails from Boston members who receive an accidental (work related) disability pension. They were surprised to see that the federal income tax statement they recently received from the Boston Retirement Board, known as Form 1099-R, was totally different from the forms they received in previous years.

Association Meets With Federal Officials

Association Meets With Federal Officials

Social Security & Medicare Central Issues

FEBRUARY 1, 2014: This past week Association President Frank Valeri and Legislative Liaison Shawn Duhamel met with members of the Massachusetts’ Congressional Delegation in Washington, DC.

Valeri and Duhamel were in the nation’s capital to attend the annual legislative conference of the National Conference of Public Employee Retirement Systems (NCPERS), to which the Association belongs. They met with the offices of all nine members of Congress, as well as Senior Senator Elizabeth Warren.

Growing Concern: Premium Freeze Expiring

JANUARY 2014 VOICE: An issue of great concern to the Association is the end of the legal moratorium on increasing retiree and survivor health insurance contribution rates.

Within the Municipal Insurance Reform law (Chapter 69, Acts of 2011), our Association was able to secure language that has prohibited many cities and towns from increasing contribution rates on retirees and survivors over the past three years. The moratorium applies to any community that fully implements the provisions of Chapter 69.

Judge Approves Detroit Pension Cuts

Situation In Mass. Vastly Different

DECEMBER 4, 2013: A federal bankruptcy judge has granted approval for the City of Detroit to move forward with its bankruptcy protection plan – a plan that will include cuts to the pensions of existing city retirees and future benefits of active employees.

LOCAL SYSTEMS INCREASING PENSIONS FOR CERTAIN SURVIVORS

Boards Adopting Laws Sponsored By Association

SEPTEMBER 2013 VOICE: One of the guiding principles of this Association has always been to improve the pension and insurance benefits for surviving spouses,” states Ralph White. “And, when we are successful in enacting legislation toward that end, it must be adopted locally in order to take effect.

ASSOCIATION BILLS ADVANCE

H59 Retiree Insurance Reform Eyed For Fall

SEPTEMBER 2013 VOICE: The Joint Committee on Public Service has favorably released a key bill of particular importance to public retirees.

Under the direction of Co-Chairmen, Senator Will Brownsberger and Rep. Aaron Michlewitz, the Committee unanimously advanced legislation aimed at correcting Option B & C pensions for pre-July 2004 retirees (H2354). Also, among the bills heard by Public Service, is our legislation which increases basic state life insurance benefits from $5,000 to $10,000 (H2288).

DISABILITY REFORM COMMISSION CONSIDERING OPTIONS

Association Pushes For Improvements

MARCH 29, 2013: The Special Commission on Disability Retirement has entered the final phase of its work. This past week, Commission members began to outline potential changes and reforms that might be recommended within the Commission’s report.

After nearly eight months of study and deliberation, the Commission has found no evidence of widespread inefficiency or scandal that would warrant a major reform of the disability law for public employees and retirees.

HEALTHCARE COMMISSION ENDORSES MASSIVE $15-$20 BILLION REFORM

Retiree Protections Include Contribution Rate “Freeze”

DECEMBER 20, 2012: Following nine months of lengthy meetings, detailed analysis and intense negotiations the Special Commission on Retiree Healthcare completed its work today with an 11-1 vote to endorse a proposal that, if passed into law, will save Massachusetts taxpayers at least $15-$20 billion over the next thirty years.

2011-2012 LEGISLATIVE ACCOMPLISHMENTS

NOVEMBER 2012 VOICE: Our Association played a leading role in the passage into law of the following legislation during the 2011-2012 Legislative Session. Each proposal had been filed as part of the Association's Legislative Package to begin the session.

DISABILITY COMMISSION UNDERWAY

NOVEMBER 2012 VOICE: At long last the twelve-member Special Commission on Accidental Disability held its initial meeting this September at the State House.