Articles about Your Retirement that may be useful to Massachusetts retirees.
JANUARY 2012 VOICE: Contained within the myriad of issues addressed by the new Pension Reform Law (Chapter 176, Acts of 2011) is a section that eases the annual reporting requirements of long-term disability retirees, in connection with earned income, if any, during a calendar year.
State aid cuts, lack of growth are cited
December 7 2011: Cash-strapped cities and towns across Massachusetts are struggling with the worst stress on their budgets since passage of Proposition 2 1/2 in 1980, according to a new report from the Massachusetts Taxpayers Foundation.
DECEMBER 6, 2012: If you are a retired state employee or teacher, the amount of your pension and former agency or workplace is now on the state-run “Open Checkbook” website available to anyone with a computer.
MADISON, Wis. — As states and cities struggle to resolve paralyzing budget shortfalls by sending workers on unpaid furloughs, freezing salaries and extracting larger contributions for health benefits and pensions, a growing number of public-sector workers are finding fewer reasons to stay.
COLA Base Increase & Retiree Benefits Included
NOVEMBER 4, 2011: Phase III of Pension Reform has now passed the House with a unanimous vote to further alter the public pension benefit structure for future employees. In addition to future benefit changes (affecting those first hired on or after July 1, 2012), the House plan seeks a series of benefit enhancements for current retirees.
Special Recognition to 10th Anniversary of 9/11
SEPTEMBER 20, 2011: With the nation preparing to recognize the 10th anniversary of 9/11, two days prior to that date our Association's 43rd Annual Meeting, over 500 members gathered on September 9th and in our own way, we opened the meeting with a remembrance of that never-to-be forgotten day.
SEPT 2007 - Association Opposed Passage - Legislative leaders handed Governor Deval Patrick a hard fought victory in July with the passage of a new law that turns the pension assets of so-called “underperforming” retirement systems over to the state’s PRIT Fund for investment.
Members, from the Fitchburg, Leominster and the surrounding areas, filled the room to capacity to hear and meet with Association officers at the recent spring meeting in that region. “They come to Leominster to get the latest news, see old friends and have their questions answered in person,” comments Association Conference Planner Leo Delaney. “Like many Association events throughout the state, this meeting has become extremely popular as you can see by this overflow crowd.”
MARCH 2006 - Last year, over 134,000 individuals received help with their home fuel bills through the state's LIHEAP (Low Income Home Energy Assistance Program), which is funded by the federal government. You must apply for help before this May 1.