Your Retirement

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

Problems For Polaroid Retirees Worsen

JULY 2002
- Pension Benefits May Be Reduced - Unfortunately the problems for Polaroid's retirees continue to go
from bad to worse, further demonstrating the importance of the pension
and insurance protections for public retirees that we have under Mass.
law. These same retirees, who have been devastated by the loss of their
health insurance benefits, may also suffer a reduction in their Polaroid pensions.

Fuel Aid Reminder

MARCH 2002
- Deadline: April 30 - Don't forget you must apply before April 30, under the state's fuel
assistance program known as Low Income Home Energy Assistance Program,

Circuit Breaker: Still Time To File

MAY 2002
- Even though the filing deadline for state income tax returns (April
16) may have passed, you can still file for circuit breaker (CB)
property tax relief. So members, particularly those who normally don’t
file state returns, should not be upset with themselves if they forgot
to apply by April 16. Time has not run out!

'Circuit Breaker' Tax Relief

JANUARY 2002 -
Eligible Members File This Year - Homeowners and renters, who are 65 or over before this January 1, can
file for the circuit breaker tax relief this year. For specifics, refer
to our earlier reports on the program in the January and March issues
of the Voice.

Update: Tax Relief Effort In North Carolina

- Two years ago, we first reported on Association member Charles
Peckham and his work down in North Carolina, where he had moved after
retiring from Blackstone Valley Regional Vocational School. Peckham and
other members, in that state, were pushing passage of legislation that
would exclude public pensions, from Massachusetts and other states,
from North Carolina tax.

Transplant Recipient Going Strong

SEPTEMBER 2001 - Able To Meet Donor Family - When
we last visited with Association member Tom Kent at his Roslindale home
in 1995, he was still recovering from a kidney transplant operation
that had occurred that September. Kent, a state retiree from the
Auditor’s office, had been suffering from renal disease since the

PERAC Opinion Increases Pensions For Some Employees

JULY 2001 - Personal Use of “Town” Vehicles May Be Included As Compensation - Employees,
who have unlimited personal use of an employer-supplied (“town”)
vehicle, for which they are not subject to any income tax, may utilize
the value of that vehicle as compensation for retirement purposes,
according to the Public Employee Retirement Administration Commission

Philbin Brings New Look To State Board

JULY 2001 - Reflects Her Enthusiasm - After
two years on the job as director of the State Retirement Board which
oversees the massive State Retirement System, Ellen Philbin is still as
enthusiastic as her first day at the helm.And
that enthusiasm is reflected in the atmosphere that permeates this
vital state agency, where employees go about their daily chores in a
manner that is anything but bureaucratic. While the Board’s operation
has always been high-quality, Philbin’s management style has served to
even further enhance that quality.

House Ways And Means Increases Pension Appropriation

MAY 2001 -
Three Percent State, Teacher COLA Included - House Ways and Means Committee Chairman, John Rogers has increased the
state’s appropriation to the Commonwealth’s pension liability fund by
$52 million in the FY2002 House Budget.

Disability Retirees Seek Relief From Court

MARCH 2001 -Controversy Over Earned Income Continues - For
disability retirees, the controversy over what is earned income
continues. As reported, the Public Employee Retirement Administration
Commission (PERAC) has been at odds with certain disability retirees,
whom it claims have earned in excess of what the retirement law allows.