AMHERST Unions at the University of Massachusetts are contending that more than 100 state jobs, and their accompanying benefits, are being unlawfully privatized by administrators at the Amherst campus in a restructuring of the UMass Advancement.
2021 Retirement Board Election Notice of 2021 Retirement Board Election for one of the two elected positions to its five-member Board.
Pursuant to Massachusetts General Laws c.10, §18 and c.32, and plan rules, the State Retirement Board (“Board”) will conduct a regularly scheduled election for one of the two elected positions to its five-member Board. The elected member will serve for a three-year term without compensation beginning May 2021. Please view the entire Notice of Election and related information below. Notice of 2021 Retirement Board Election
Pursuant to Massachusetts General Laws c.10, §18 and c.32, the Massachusetts State Board of Retirement (“Board”) will conduct a regularly scheduled election for one of the two elected positions to its five-member Board. The elected member will serve for a three-year term without compensation beginning May 2021.
Executive Summary
The Massachusetts State Employees’ Retirement System (MSERS), one of the Commonwealth’s 104 contributory retirement systems, provides retirement, disability, survivor, and death benefits to state employees, employees of certain other public entities, and their beneficiaries. MSERS is administered by the Massachusetts State Retirement Board (MSRB) and operates under the purview of the Office of the State Treasurer and Receiver General. In fiscal year 2019, MSRB issued more than $2.3 billion in benefit payments to more than 64,000 retirees and survivors.
In accordance with Section 12 of Chapter 11 of the Massachusetts General Laws, the Office of the State Auditor has conducted a performance audit of MSRB for the period July 1, 2017 through June 30, 2019. The purpose of our audit was to determine whether MSRB ensured that members received their first pension payments within the timeframe established by Section 13(1)(b) of Chapter 32 of the General Laws.