Middlesex Board of Retirement

mrs@middlesexretirement.org
(978) 439-3000 or (800) 258-3805

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CURRENT NEWS: Supplemental Regulations, 2010 COLA Adoption COLA, Newsletter, 2010 Newsletter, Newsflash, Newsflash June 2010, 2009 Annual Report, 2009 Annual Report

PENSION REFORM UPDATE - August 5, 2010

Summary of Recent Legislative Changes to the Public Pension Law

The Middlesex County Retirement Board presents this summary of legislative changes to the public pension law enacted in 2010.

Chapter 131 of the Acts of 2010:

Cap on Regular Compensation
Interest Rate on Returned Retirement Deductions
Allowance to Surviving Spouse of Disabled Retirees
Proration of Health Insurance Premiums

Chapter 188 of the Acts of 2010:

Actuarial Valuation Funding Schedule
Increase the Retiree COLA Base
Early Retirement Incentive

For further information please go to our summary.

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 106 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.

Disclaimer

Community News

The System serves the multi-employer defined benefit retirement plan for the members/employees, retirees and beneficiaries of 31 municipalities and 40 other governmental subdivisions within Middlesex County.

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Middlesex County Retirement
System Member Unit Listing

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Out of Balance

A recent report commissioned by the Center for State and Local Government Excellence (Center) and the National Institute on Retirement Security (NIRS) has found that employees of state and local government earn an average of 11% and 12% less, respectively, than comparable private sector employees, and this gap has widened in recent years. These findings are contained in a new report that can be accessed here: "Out of Balance? Comparing Public and Private Sector Compensation Over 20 Years.

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Newsflash June 2010

2009 Annual Report

2010 Winter/Spring
Newsletter

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2009 Spring/Summer Newsletter

View The Newsletter