The Spring 2024 Newsletter has been posted to the website. We welcome PERAC’s new Executive Director, Bill Keefe, and spotlight longtime Billerica Veteran Services’ Head Clerk Marie O’Rourke who retires May 31st after 43 years of service. Highlights also include a legislative update, information about service purchases, a COLA increase for retirees, and much more.
The Middlesex County Retirement System’s 2023 Annual Statement of Financial Condition is now available.
The Middlesex County Retirement Board is pleased to announce its 2024 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, including up to date information on how the “Windfall Elimination Provision” and “Government Pension Offset” impact those benefits.
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 at one of the sessions listed below. Click here to register for the virtual program.
| Locations | Dates |
| Ashland Senior Center | Wednesday, April 24, 2024 – COMPLETED |
| Dracut Senior Center | Tuesday, June 18, 2024 – COMPLETED |
| Hudson Town Hall | Tuesday, September 17, 2024 at 4:00 p.m. – COMPLETED |
| Middlesex County Retirement System Office – Limit 20 Members | Tuesday, October 22, 2024 at 4:00 p.m. – AT CAPACITY |
| Fall Webinar | Wednesday, November 6, 2024 at 4:00 p.m. – COMPLETED |
The Middlesex County Retirement System voted unanimously on March 20th 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 eligibile retirees on July 1st.
On January 19, 2024 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.