Breaking News

RETIREMENT SYSTEMS ISSUE 2014 1099

Blizzard May Cause Postal Delays

JANUARY 29, 2015: Tax documents for retired Massachusetts public employees are now in the process of being issued by the 10 retirement systems.

The IRS gives retirement boards (and all employers) through January 30th to issue 1099s to those retirees and surviving spouses who received a retirement allowance in 2014. Some systems have already mailed the forms to retirees. All members should receive their 1099 document by the end of the first week of February.

RETIREE LEGISLATIVE PACKAGE FILED

14 Proposals For 2015-16 Session

JANUARY 16, 2015: The Association has completed the filing process for its 2015-16 Legislative package. Under joint House-Senate rules, the deadline was Friday, January 16, 2015 at 5:00 pm.

All told, fourteen separate bills make up the Association’s proposal for the new session that began on January 7th and lasts through the first Tuesday in January 2017. Bills will shortly be assigned numbers and be assigned to various committees for review.

DISABILITY EARNINGS UPDATE NOW LAW

Legislature & Patrick Act at 11th Hour

JANUARY 8, 2015: Moments before taking his “lone walk” down to the front steps of the State House on his final evening as Governor of Massachusetts, Deval Patrick signed into law our Association’s bill adjusting the outside earnings limits of accidental disability retirees – now Chapter 492, Acts of 2014.

Winter 2015 Association Meetings Approach

Pompano Beach, Tewksbury and St. Petersburg Locations

The Association will be holding its annual winter membership meetings in January and February. Association members are encouraged to attend and welcome to bring a guest. Please note, all Association meetings now begin at 11:00am unless otherwise noted.

GIC REPORTS $120 MILLION DEFICIT

Adds Pressure to Growing State Budget Gap

DECEMBER 19, 2014: As reported in the January 2014 edition of the Voice, the state’s Group Insurance Commission (GIC) is grappling with a significant budget deficit for the current fiscal year.

However, it now appears that the problem is more significant than previously thought. At today’s GIC meeting, Executive Director Dolores Mitchell characterized the deficit as being “north of $120 million” – some $70 million higher than previously thought.

WARNING SIGNS FROM GIC

Budget Shortfall Could Trigger Benefit Changes in 2015

NOVEMBER 21, 2014: At its monthly meeting, the state’s Group Insurance Commission discussed a growing concern for the health plan administrators, as well as our Association – a growing multimillion dollar budget shortfall, combined with a downturn in state tax collections. 

Brady & Neal Introduce Bipartisan Bill to Repeal Windfall Elimination Provision in Social Security

Retirees Would See Current Benefits Increased

NOVEMBER 15, 2014: This week marked the first significant development toward providing retirees with relief from the Social Security Windfall Elimination Provision (WEP) in several years.

On Thursday, Congressmen Richard Neal (D-MA) and Kevin Brady (R-TX) filed H.R. 5697, The Equal Treatment of Public Servants Act. The bill is the direct result of nearly a year’s worth of collaboration between our Association, the Texas Retired Teachers Association and Ohio Retired Teachers.

Retiree Questionnaire Offers Insight on Positions

Coakley Responds, While Baker Declines

OCTOBER 24, 2014: Earlier this month the Association mailed a six-part questionnaire to all five Massachusetts gubernatorial candidates. The goal was to learn the candidates’ views toward public retirees, defined benefit pension plans and retiree health insurance benefits.

Retiree Association Backs Maura Healey For Attorney General

Retiree Association Backs Maura Healey For Attorney General

Vows to Make Affordable Health Care A Priority

Boston – The 62,000 member strong Retired State, County and Municipal Employees Association “Mass Retirees” has endorsed Maura Healey for Attorney General.

The Association cites Healey’s public service background and, specifically, her work on health care issues as the reason for the endorsement.

Retiree Healthcare Siege Continues

MTF Report Misleading

OCTOBER 1, 2014: Last week, the Mass. Taxpayers Foundation (MTF) released its latest report on municipal retiree health insurance. As expected the report finds that the cost of municipal health insurance plans is unsustainable, and as such, benefit reductions are called for. Click here to view the report.