The Spring 2025 Newsletter has been posted to the website. Highlights of this issue include information on the COLA, the WEP/GPO repeal, the impact of purchasing creditable service on your retirement benefits, the “HERO Act,” and much more.
The Middlesex County Retirement System’s 2024 Annual Statement of Financial Condition is now available.
The Middlesex County Retirement System voted unanimously on March 19th 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 $16,000 of retirement benefits, or $480.00 per year. The increase will take effect for eligible retirees on July 1st.
If you are an active member who qualifies as a “veteran” under the retirement plan and you wish to purchase your prior military service and have not done so, please note there have been significant changes to the Veterans’ Buybacks law. The deadline for purchasing military service is now within one year of vesting in the retirement system, which is effectively 11 years of creditable service. There is a one-time, one-year grace period for active member veterans who previously missed the opportunity to purchase their military service. Click here for more information and email the retirement office at mrs@middlesexretirement.org to take action.
The Middlesex County Retirement Board is pleased to announce the regional meetings for its 2025 Pension Education Series: Understanding Your Public Pension and Social Security. We invite members of the Middlesex County Retirement System and their families to attend this popular seminar on public employee retirement benefits and the basics of Social Security.
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 a Social Security update. 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 |
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Chelmsford Senior Center – 75 Groton Road, North Chelmsford |
Wednesday, May 14, 2025 from 4:00 p.m. – 5:30 p.m. – COMPLETED |
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Acton Town Hall – 472 Main Street, Room 204, Acton |
Wednesday, June 11, 2025 from 4:00 – 5:30 p.m. COMPLETED |
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Hopkinton Senior Center – 28 Mayhew Street, Hopkinton |
Tuesday, September 16, 2025 from 4:00 – 5:30 p.m. COMPLETED |
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Fall Webinar |
Wednesday, November 5, 2025 at 4:00 p.m. COMPLETED |