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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.
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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.
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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.
Read more...
Middlesex County Retirement System Member Unit Listing
View The Listing
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.
Newsflash June 2010
2009 Annual Report
2010 Winter/Spring
Newsletter
View The Newsletter
2009 Spring/Summer Newsletter
View The Newsletter
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