Client Name
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Website
www.website.com
Year
2020
Categories
Health, Technology
What Happened?
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MASS TEACHERS RETIREMENT
We help educators understand when they can retire, how to prepare for it.
MASS TEACHERS RETIREMENT BENEFITS
Mass Teachers’ Retirement System (MTRS)
Learn how benefits are calculated. Contact us to discuss details.
Membership | Survivor Benefits | Contributions | Vesting
Payment Plans | Service Retirement | COLA | Early Retirement
Retirement Plus & Vesting
Learn non retirement plus percentages based on contract dates.
Retirement Plus Participants 11% | 10 Years of Services Vested
Retain Membership for Life | Lose if Contributions Withdrawn
Defined Benefit & Salary Average
Learn about the Benefit Formula calculated by years of service.
Factors: Salary, Creditable Service & Age | Max 80%
Before 4-2-12 = highest 3 consecutive yrs average annual salary
Post 4-2-12 = highest 5 consecutive years average annual salary
Service Retirement Qualification
What age you can you retire & how much your pension will be.
Prior 4-2-12 any 20 Years of Service | or Age 55 w/10 years Service
After 4-2-12 must be age 60 with at least 10 years of service
Prior to 1-1-78, not Retirement Plus, contact MTRS.
Contact:
Address
omniversefinancial@horacemann.com | 1-508-835-3738