Latest News

NOVEMBER 21, 2013: An article in today’s DCDB Daily Free E-Newsletter says that Massachusetts Treasurer and Receiver General Steve Grossman, Chairman of the Pension Reserves Investment Management (PRIM) Board, manager of the state’s more than $54 billion Pension Reserve Investment Trust (PRIT), has lodged support for mission-based investing focused on climate change.

No Increase For Medicare Part B Premium

OCTOBER 30, 2013: Today, the Social Security Administration announced that the Consumer Price Index (CPI) for the previous 12 months (September ’12 to Oct ’13) is 1.5%. The announcement follows recent reports by the Federal Reserve detailing historically low inflation.

Healthcare Reform Set For Halloween

OCTOBER 18, 2013: On Tuesday, the Joint Committee on Public Service will conduct a public hearing that includes legislation filed by the Association relative to disability retirement.

The bills, filed on our behalf by Representative Tacky Chan (D-Quincy), propose to improve the ordinary disability benefit for future retirees, as well as alter the oversight of disability retirees.

SEPTEMBER 13, 2013: Yesterday, the 18-member Executive Board of the Mass. Association of Contributory Retirement Systems (MACRS) unanimously voted to oppose legislation that would require the State’s Pension Fund Board (PRIM Board) to divest all holdings in the Fund, which include fossil fuel such as oil, gas and coal.

Frank Valeri To Take Reins In December

SEPTEMBER 10, 2013: Beginning this December, our Association will have a new President.

In something of a surprise to many members, at last Friday’s Annual Meeting and biannual election, President Ralph White announced that he was not seeking election for a new two-year term.

Busy Schedule For Public Service Committee

SEPTEMBER 5, 2013: With the summer recess now in the rearview mirror, the state Legislature has returned to Beacon Hill with an aggressive fall agenda.

On Tuesday, September 10th, the Joint Committee on Public Service will reconvene with what is expected to be a lengthy public hearing in the State House’s Gardner Auditorium. Association officials will be on hand to testify on further increases to the COLA base (S1259 & S1263) and the Option B & C recalculation (H2235).

AUGUST 14, 2013: On this day in 1935, President Franklin Roosevelt signed the Social Security Act into law, marking the beginning of one of the most successful social programs in world history. Arguably, few public policies have done more to bring about positive change in quality of life in than Social Security.

Prior to Social Security, millions of elderly Americans lived in dire poverty and squalor. While the fight to combat poverty remains some 78 years later, much improvement has been made in the overall health and lives of retired Americans.

Public Service Weighing Association Proposals

JULY 26, 2013: September looks to be when the legislature will begin to actively consider H59, Governor Deval Patrick’s much anticipated Retiree Healthcare Reform proposal. As employees and retirees are well aware, the bill has been awaiting action before the Joint Committee on Public Service since filed by the governor in February.

3% State & Teacher COLA Approved

JULY 12, 2013: Governor Deval Patrick has approved the FY 14 3% COLA for state and teacher retirees. Eligible retirees and survivors (retired before 7/1/12) will receive the increase, which is set on a $13,000 base, in their July pension check.

The annual COLA for state and teacher retirees is contained within the state’s annual budget appropriation. It was first proposed by Patrick in January, and then unanimously endorsed by the House and Senate.

WEP/GPO REPEAL Bill Filed in Senate

JUNE 21, 2013: Members impacted by either the Windfall Elimination Provision (WEP) or Government Pension Offset (GPO) received reason for increased optimism that the two regressive federal laws days may be numbered.

Following an earlier bill (HR 1795) filed in the House, Senator Mark Begich (D-Alaska) has filed S.896. The bill now has 9 cosponsors from across the political spectrum, including Massachusetts Senator Elizabeth Warren and Maine’s Susan Collins.

Association Opposes ‘Anti-Consumer’ Proposal

JUNE 13, 2013: A bill that would allow dentists to negate contractual agreements with insurance companies that offer discounted pricing on dental care is now pending before the Joint Committee on Financial Services. The proposal, if passed into law, would allow dentists free reign to set prices on dental services at any level they choose, once a patient exhausts their annual dental insurance benefit.