April 26, 2016 - Effective July 1st, the Board has granted a 3% cost of living increase (COLA) to qualifying retirees and beneficiaries on the base maximum of $14,000 of benefits. Retirees receiving an annual benefit of $14,000 or more will receive a monthly increase of $35.00.
March 17, 2016: IMPORTANT INFORMATION FOR EMPLOYERS: The New Member Enrollment package is now available. Effective April 11, 2016, employers must submit the New Member Enrollment Package to our office electronically using PTG PensionPro. Please contact Lisa Maloney, Director of System Operations, for more information.
January 25, 2016: IMPORTANT INFORMATION REGARDING YOUR FORM 1099-R: Due to a software issue, the IRS Form 1099-R which was mailed to all retirees on January 21, 2016 contained an incomplete PAYER’S federal identification number. The complete number is 04-6048372. The Form 1099-R filed with the IRS was complete. We apologize for any inconvenience this may cause.
November 18, 2015- The MCRS Fall Newsletter has been posted to the site.
October 2, 2015- The Final GASB 67 and 68 Accounting Valuation Report as of December 31, 2014 and MCRS Final Audit Report have been posted to the site.
September 11, 2015 - A revised GASB 67 and 68 Accounting Valuation Report will be posted shortly.
June 5,2015 The 2014 PERAC Annual Statement has been posted to the site.
May 28,2015 The MCRS Spring Newsletter has been posted to the site.
March 20, 2015 - IMPORTANT NOTICE TO SURVIVING SPOUSES - If you were receiving monthly retirement benefits from the Middlesex County Retirement System due to the death of your spouse, and lost that benefit or had it reduced when you remarried, you should know that a recent court decision may allow those benefits to be restored. If your benefits terminated or were reduced due to your remarriage, you should contact our office as soon as possible. You may be eligible to have those benefits reinstated.
March 20, 2015 - Effective July 1st, the Board has granted a 3% cost of living increase (COLA) to qualifying retirees and beneficiaries on the base maximum of $14,000 of benefits. Retirees receiving an annual benefit of $14,000 or more will receive a monthly increase of $35.00.
February 26, 2015 - 2014 Actuarial Valuation Report REVISED posted to site.
July 7, 2014 - As of May 31, 2014, the market value of the System's assets has exceeded $1 Billion, The System's highest net asset value. Since the Wall Street investment debacle of 2008, the System's 1-, 3- and 5-year investment returns have exceeded the System's actuarial assumed rate of 8%.
May 29, 2014 - The Spring Newsletter has been added to site.
May 8, 2014 - 2013 Annual Report added to site.
January 29, 2014 - Special Retiree Newsflash
"Look for Affidavit in your mailbox."
December 16, 2013 - Newsletter posted to site.
November 14, 2013 - The Middlesex County Retirement Board has appointed Robert Healy to be the Fifth Member of the Board, in accordance with the provisions of G.L. c. 34B, s. 19(4). Bob is a resident of Lowell and the former City Manager of the City of Cambridge, with over 43 years of experience in municipal administration, including local retirement systems. Bob is an Adjunct Lecturer in Public Policy, and Fellow at the Taubman Center for State and Local Government at Harvard Kennedy School.
Bob will be an important contributor to the operations of the Middlesex County Retirement System, and the Board looks forward to his service.
October 23, 2013 - The Board has posted a Notice of Vacancy on Board.
October 10, 2013 - The Middlesex County Retirement Board is sad to report the passing of Board Member James M. Gookin. Jim was a valued member of the Board since 1999 and a staunch advocate for the System’s members and their families. He will be sorely missed. Please click here for further details and tributes.
June 20, 2013
- The Spring Newsletter has been added to our site Spring Newsletter. Please note that due to a mailing error, some members may receive a newsletter containing the incorrect name of the addressee. We apologize for any inconvenience.
|May 16, 2013 - Notice of Mandatory Direct Deposit effective January 1, 2014.
May 1, 2013 - 2012 Annual Statement posted to site.
May 1, 2013 - Effective July 1st, the Board has granted a 3% cost of living increase (COLA) to qualifying retirees and beneficiaries on the base maximum of $14,000 of benefits. Retirees receiving an annual benefit of $14,000 or more will receive a monthly increase of $35.00.
|March 5, 2013 - Newsflash on Pending Retiree Health Care Legislation posted to site.
February 14, 2013 - 2012 Valuation Report posted to site.
|January 22, 2013 - Interest charges on certain service purchases will double on April 2, 2013. Notice
WELCOME TO OUR WEBSITE!
The Middlesex County Retirement Board is pleased to provide our active and retired members, their families, and the public, access to information about the Middlesex County Retirement System.
It is our intention that the website be used as a helpful retirement planning tool, as a reliable source of important explanations of the public employee retirement law, and a way to report current news about retirement benefits.
Originally created by an Act of the Legislature in 1911, the Middlesex County Retirement System is the fourth largest of the 105 retirement systems in the Commonwealth. We provide retirement, disability and survivor benefits to approximately 5,000 retirees and 10,000 active employees of 31 Towns and 39 Districts and Authorites within Middlesex County. We're happy that you have visited and we encourage you to browse often!
OUR MISSION STATEMENT
The mission of the Middlesex County Retirement Board is to provide secure retirement benefits lawfully earned through public service to the members and beneficiaries of the Middlesex County Retirement System, and to administer those benefits with the highest degree of Prudence, Integrity and Fiscal Responsibility.
Notice of Meetings
OPEN MEETING NOTICE
MEETING OF THE MIDDLESEX COUNTY RETIREMENT BOARD
NEXT SCHEDULED MEETINGS:
Subcommittee on Assessments and Investments, Date: Tuesday, April 19, 2016 - 9:30 A.M. Regular Board Meeting, Manager Reviews, 12 Noon Agendas
Middlesex County Retirement
System Member Unit Listing
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RECENT ARTICLES & REPORTS
Please see News & Events to access Annual Statements and Valuation Reports.
Pension Reform and Plan Design in Massachusetts Public Plans. Presentation - Posted 6/6/13
National Institue on Retirement Security. Impact of DB Pension Expenditures.
MA State Fact Sheet - Posted 4/30/12
Comparing Compensation: State-Local Versus Private Sector Workers - Posted 9/27/11
Workforce Characteristics and Wages in the Public and Private Sectors - Posted 4/5/11
Demystifing the State Pension System - Posted 4/5/11
Out of Balance? Comparing Public and Private Sector Compensation Over 20 Years. Posted 4/10
2014 - January
Special Retiree Newsflash
2011 Spring/Summer Newsletter
NEWSFLASH - 2010 Winter
2010 Winter/Fall Newsletter
View the Fall 2010 Newsletter
2010 June Newsflash
View the Newsflash
View The Newsletter
2009 Spring/Summer Newsletter
View The Newsletter