Latest News

No Medicare Benefit Changes

FEBRUARY 7, 2019: The 17-member Group Insurance Commission (GIC) met this morning to set insurance plan design for Fiscal Year 2020. Plan design encompasses insurance benefits, as well as copayments and deductibles. Insurance premiums are scheduled to be approved on February 28.

For the coming fiscal year, which begins on July 1, there will be no benefit or copayment changes impacting Medicare supplement plans. GIC Medicare enrollees do not pay annual deductibles.

In our Association’s last May edition of The Voice we highlighted the Fall River Retirement Board and the City of Fall River itself.

We also named the young Fall River Mayor Jasiel Correira, in a positive sense, highlighting his website message:

Jasiel Correira: “Make it Here” is for the dream chasers, entrepreneurs, business-owned hungry graduates, and all those looking for reinvention in its myriad forms. Because they can make it here in Fall River whether a dream, a destination or the chance at a fresh start at a new day.”

Changes Would Begin July 1^st

DECEMBER 6, 2018: Today, the state’s Group Insurance Commission (GIC) began the public process of establishing plan design and setting premiums for Fiscal Year 2020. Since all current GIC insurance plans were re-contracted in FY19, Mass Retirees does not anticipate major plan design changes for the coming year.

Brady & Neal Seek Compromise With H.R. 6933

In a positive sign that blind partisanship can be set aside for the greater good of the country, new federal legislation was filed in the final days of September that, if passed, would mark the first step toward resolving the unfairness of the Social Security Windfall Elimination Provision (WEP) since the law’s creation in 1983.

Mass Retirees Addresses 300 Retirement Officials 

SEPTEMBER 14, 2018: An important aspect of Mass Retirees’ advocacy efforts to reform the Social Security Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) laws is to educate the public, as well as policy makers, as to the unfairness and negative impact of the two federal laws. 

Review Comes at Request of Mass Retirees 

AUGUST 7, 2018: Following several years of increased healthcare costs paid by retirees in their insurance through the state’s Group Insurance Commission (GIC), Mass Retirees called upon the Commission to consider affordability prior to any further increases in cost. 

3% For State & Teacher Retirees

Thanks to State Treasurer Deb Goldberg, as well as the State Employees and Teachers Retirement Boards, the July pension checks of over 127,000 State and Teacher retirees will contain the 3% COLA.

Annual COLA approval for both State and Teacher retirees is handled through the State Budget. Despite being approved in all three versions of the FY19 State Budget (Governor, House, and Senate), this year’s 3% COLA payment was stuck in limbo as budget negotiations extended into mid-July.

Now Awaiting Governor’s Approval

JULY 19, 2018: The recently passed State Budget includes a section increasing the hourly restriction on part-time work to 1,200 hours a year. This measure applies to public retirees who return to part-time work with either the state or local government within Massachusetts.

Mass Retirees partnered with the Mass Police Association to spearhead the statutory change, which effectively amounts to 23 hours a week. Current law limits public retirees to just 960 hours annually, or 18.5 hours a week.

JUNE 19, 2018: Mass Retirees is calling for your immediate help in advocating for our legislation that will permanently protect local retirees from future increases in the percentage of the health insurance premium that you must pay. Today, the House will begin debate on the H4617, a bill relative to healthcare reform in Massachusetts and consider an amendment that provides this basic protection to all local retirees – including retired teachers.

Mass. pension fund enjoyed highest return from private equity investments of any in country

By Jon Chesto, GLOBE STAFF  MAY 23, 2018

The Massachusetts state pension fund is tops in its field when it comes to picking winners in the difficult world of private equity investments.

By Joe Davidson, Washington Post 

President Trump really knows how to say thank you.

Just as festivities geared up for Public Service Recognition Week, which began Sunday, his administration sent a letter to Congress proposing $143.5 billion in compensation cuts for federal employees.