Your Retirement

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


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.

New Law Targets Pension Systems

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.”

Home Fuel Assistance: Apply Before May 1

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.

Mailing Dates For 2006 State And Teacher Pension Checks Announced

- State Treasurer Tim Cahill has announced the mailing dates of State
Retirement Board and Teachers' pension checks for the calendar year

Teachers Retiring In Record Numbers

- RetirementPlus Boosts Pensions - Massachusetts' public school teachers have been retiring in record
numbers. According to the latest actuarial data provided by the Public
Employee Retirement Administration Commission (PERAC), there were
32,631 retired teachers on January 1, 2001, compared to 42,164 on
January 1, 2005 - an increase of 29.21%.

Homestead: Protect Your Home

- Even though you may have planned for the proverbial "rainy day", you
may regrettably find yourself unable to pay all your bills at some
point. If such an unfortunate turn-of-events occurs, could you have
done something to at least prevent your home from being sold right out
from under you?

Mass. Pensions And Income Taxes In Other States

SEPTEMBER 2005 - When considering a move outside the Commonwealth, there are naturally several factors that a member weighs before making a decision. Among them is whether their contributory pension, which is not subject to tax here, will be taxed by the prospective new home state.

Few Retirees Seek Return To Work Under New Law

JULY 2005
- Last year, a new law (Section 105 of Chapter 32) was enacted that
allowed retirees, on a regular (not disability) pension, to resume
full-time public service and be reinstated as an active member of a
retirement system. They could then retire later with an enhanced
pension benefit.