Mass State Retirement Chart
Massachusetts Teachers Retirement System.
Mass state retirement chart. MASSACHUSETTS GROUP 1 RETIREMENT PERCENTAGE CHART For Members-In-Service Hired BEFORE April 2 2012 032015 SEE REVERSE SIDE BENEFIT RATE CHART Age upon date Percentage of Average Annual Rate of Regular Compensation of Retirement Group 1 Group 2 Group 4 65 or older 25 25 25 64 24 25 25 63 23 25 25 62. Massachusetts State Retirement Board in a Group 1 Position. The Massachusetts State Retirement Board emphasizes that calculators such as this give approximations or estimations of retirement benefits.
The MSERS is a contributory defined benefit system governed by Massachusetts General Law Chapter 32. Or older 25 25 25. The system provides retirement disability survivor and death benefits to its members and their.
This pension calculator will give members of the Massachusetts Employees State Retirement System in groups 1 2 or 4 an approximation of their retirement benefits. MASSACHUSETTS GROUP 1 RETIREMENT PERCENTAGE CHART MASSACHUSETTS RETIREMENT PERCENTAGE CHART. And 2 entered service on or after April 2 2012.
MASSACHUSETTS GROUP 1 RETIREMENT PERCENTAGE CHART For Members-In-Service Hired ON OR AFTER APRIL 2 2012 with less than 30 years of service Age upon date Percentage of Average Annual Rate of Regular Compensation of Retirement Group 1 Group 2 Group 4 67 or older 25 25 25 66 235 25 25 65 220 25 25 64 205 25 25 63 190. The calculator provides estimates for members of the State Employees Retirement System 1 who entered service before April 2 2012. A comparison of the percentage of salary average allowed under the regular and RetirementPlus formulas by service and age.
Massachusetts State Employees Retirement System MSERS by. Office of State Treasurer Deborah B. If you prefer to do calculations by hand you can use information from the State Police Retirement Percentage Chart to do so.