News

Forms 1099R Have Been Mailed

On January 17, 2020, members and beneficiaries who receive a pension, retirement allowance, or survivor’s allowance from the Middlesex County Retirement System were mailed a Form 1099R. For general information about the taxation of your benefits, click here.  Please be aware, however, that the retirement office is not able to provide specific tax advice.  For additional assistance, our benefit recipients are encouraged to contact a tax consultant.

2019 Fall Newsletter

The Fall 2019 Newsletter has been posted to the site.  Highlights of this issue include: a retirement checklist, understanding the benefit verification process, protecting yourself from telephone scams, the impact of divorce on your benefits, and a social security update.    You are also invited to complete a brief survey about our newsletter.   In an effort to help us help you, please click here and take a moment to answer a few questions about the newsletter and its distribution.

Register Now for the Pension Education Series: Understanding Your Public Pension and Social Security

The Middlesex County Retirement Board is pleased to announce the last of its 2019 Pension Education Series: Understanding Your Public Pension and Social Security. We invite members of the MCRS and their families to attend our popular seminar on public employee retirement benefits and the basics of Social Security, including up to date information on how the “Windfall Elimination Provision” and “Government Pension Offset” impact those benefits. To register, click on the link below.

This session is important for your financial planning, whether you are a new member, a vested mid-career member, or nearing retirement. Topics include the retirement benefit calculation formula, health insurance, taxes, working after retirement, cost-of-living adjustments and how your retirement benefits interact with Social Security.  By attending this seminar you will learn more about one of your most valuable assets. We look forward to having you join us.

 

Locations

Dates

   

Cameron Senior Center, Westford

Wednesday, November 6, 2019, 4:00 p.m. – 6:00 p.m.

 

 

2019 Spring Newsletter

The Spring 2019 Newsletter has been posted to the site.  Highlights of this issue include: understanding PTSD and its impact on first responders and how retirees’ pension benefits make an impact in the local economy.  The Board recently voted to increase the retiree COLA base and presents a COLA history from 1999 – present.  Getting ready to retire?  Read about our resources for estimating your benefits, how creditable services plays a role in your allowance, and important Social Security updates.  We continue our pension education series with future stops in Wayland, Pepperell, Acton and Westford.