Articles about Retirement Boards that may be useful to Massachusetts retirees.
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%
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.
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 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.
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.
Succeeds Association Founder Ralph White
The following is special message from Association President Frank Valeri:
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.
Dear Fellow State Retiree:
IF YOU HAVE NOT VOTED YET FOR THE YOUR STATE RETIREMENT BOARD ELECTION, ITS NOT TOO LATE.
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.
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.
Since 1968 the Retired State, County and Municipal Employees Association has been the leading voice for Massachusetts public retirees and their families. Join with our 52,000 members as we continue the fight.
