Retirement

Impact on Retirement Benefits of Furloughs

SEIU Local 509 has received a letter written by State Board of Retirement Executive Director Nick Favorito explaining that furloughs do not impact members when they retire, as furloughs do not affect the accrual of creditable service or the 36-month salary average. 

Read the letter from Nick Favorito

Understanding Your Retirement

The Local 509 Retirement Improvement Committee's web pages are intended to provide interested parties with a general overview of retirement matters and issues.  We hope that this resource will enable members to gain an introductory understanding of your retirement status and options.  Links to other sites containing more detailed and official information are included.  We strongly encourage state employees to contact the:
  
To get involved in the committee, contact Stu Dickson at 1-413-535-1022 x107.


Contents:

• M.G.L. Chapter 32, Section 3 - The state law on participation in the retirement system
• Retirement Contributions
• 2006 Buyback Law - For employees with “creditable service” who wish to “buy back” up to 4 years of time towards the state retirement system.
  
• The state law defining Group 2
• Understanding the difference between Group 1 and Group 2
• Appealing your Retirement Group Classification
• Group 2 Appeal Guidelines for DSS Social Workers
• Section 10 layoff protections
• WEP and GPO - How Social Security benefits are impacted for those in the Massachusetts retirement system
• FAQs
• Massretirees.com - A great source of information for public sector retirees and employees in Massachusetts