Massachusetts Employee Retirement Agreement
Description
How to fill out Employee Retirement Agreement?
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FAQ
You can retire at 55 or older, but you need at least 10 years of service at your job. If you have 20 years of service, you can retire at any time. The amount you get depends on: your age when you retire.
The yearly pension is determined by your age at retirement, years of state service, salary and group classification. The maximum pension that can be received is 80% of the average three or five highest consecutive years of salary. You can file for retirement no sooner than 120 days before you plan to retire.
Phone Main Call Massachusetts State Retirement Board, Main at 617-367-7770 Telephone hours are Mon. -Fri. am - pm, except on State Holidays. Direct Call Massachusetts State Retirement Board, Direct at 617-367-9333 + extension. Toll Free Call Massachusetts State Retirement Board, Toll Free at 800-392-6014.
Qualifying for a Retirement Benefit For most members, that means you have a minimum of 10 years of full-time creditable service.
The MSERS is a contributory defined benefit retirement system governed by Massachusetts General Law Chapter 32. The system provides retirement, disability, survivor, and death benefits to members and their beneficiaries.
The yearly pension is determined by your age at retirement, years of state service, salary and group classification. The maximum pension that can be received is 80% of the average three or five highest consecutive years of salary. You can file for retirement no sooner than 120 days before you plan to retire.
Correctional employees of the Department of Correction seeking a ?20/50? retirement benefit must have 20 years of creditable service with the department and must be classified in Group 4 to retire at any age.