The Fall 2016 Newsletter has been posted to the site. Highlights of this issue include: divorce and your retirement benefits; the proposed federal legislation that would repeal the Windfall Elimination Provision; the health insurance premium exclusion for public safety retirees and a social security update. You will also read about regional meetings the System has hosted recently for members and trainings held for payroll specialists and human resources staff.
The Spring 2016 Newsletter has been posted to the site. In an effort to help us to help you, please take a moment to complete a brief survey about our newsletter. All participants will be entered into a drawing to win a pair of Boston Red Sox tickets that were generously donated by one of our members. For a chance to see the Boston Red Sox take on the Arizona Diamondbacks, please click here and complete the survey. All entries received by Saturday, July 30, 2016 will be entered into the drawing.
For the 18th consecutive year since the law was enacted, the Middlesex County Retirement Board voted unanimously on April 13th to grant retirees the maximum allowable Cost of Living Adjustment (COLA). The maximum COLA allowed by law for retirees of the Middlesex County Retirement System is 3% of the first $14,000 of retirement benefits, or $420.00. This increase will take effect on July 1.