The Middlesex County Retirement Board voted unanimously on March 21st 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.
On February 28, 2018, members and beneficiaries who receive a pension, retirement allowance, or survivor’s allowance from the Middlesex County Retirement System were mailed a Benefit Verification Affidavit. If you are a benefit recipient, you must complete, sign and return the Affidavit certifying your eligibility to continue receiving benefits. Affidavits must be returned to our office by April 13, 2018 to avoid an interruption in benefit payments.
If you have any questions, please do not hesitate to contact our office. Thank you in advance for your cooperation.
The Fall 2017 Newsletter has been posted to the site. Highlights of this issue include: superannuation retirement benefits and options, social security reminders for 2018, and a breakdown of the Beneficiary Designation form. We remember the late James E. Fahey, Jr., former Chairman of the Middlesex County Retirement Board, and talk to Senator Cindy Friedman about her legislative priorities.
On behalf of the Middlesex County Retirement System, we wish you a happy and healthy holiday season!
The Middlesex County Retirement Board Advisory Council Subcommittee on Assessments and Investments, serving in its capacity as the Election Board, met on November 3, 2017.
After investigation, the Election Board determined that only one candidate, John Brown, had filed nomination papers containing the requisite number of signatures.
Pursuant to G.L. c. 34B, §19(h), we are pleased to announce that the Election Board declared said candidate to be Fourth elected member of the Middlesex County Retirement Board, for a three year term commencing January 1, 2018.