For the 19th consecutive year since the law was enacted, the Middlesex County Retirement Board voted unanimously on March 15th 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.
The Middlesex County Retirement Board is pleased to announce it is hosting a regional training program, Your Public Pension and Social Security: What You and Your Family Need to Know, at The Bedford Town Hall Multi-Purpose Room in Bedford on Thursday, May 11, 2017, from 4:00 p.m. – 6:00 p.m.. This is the second of five regional training programs that are planned this year. This free, two-hour regional meeting will provide MCRS members employed in the towns of Acton, Bedford, Boxborough, Carlisle, Hudson and Stow with important information regarding your public employee retirement benefits and the basics of Social Security.
Continue to check our website for additional information regarding the dates and times of upcoming regional meetings in your area.
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.