Pension Reform Update: November 2013
Section 60 of the Pension Reform Act of 2011 (Chapter 176 of the Acts of 2011) allows certain ORP participants a one-time opportunity to change their retirement coverage to the Massachusetts State Employees’ Retirement System (MSERS). Visit the ORP Participants' Section 60 Pension Reform page for the most recent news about this issue.
Work Histories: The Department is working closely with the Retirement Board and several systems consultants to compile a work history for each ORP participant who is eligible to change plans under Section 60. While we anticipate using these data to identify periods of service that may be purchased under the MSERS and the cost of that service, we also anticipate the Retirement Board providing a time after MSERS enrollment for individuals to contest their service calculation. At that point, the Retirement Board may ask your assistance in compiling a complete work history from your institution’s records.
Direct any questions you may have or receive about Section 60 to the Plan Administrator.
The next ORP Administrators' Workshop is not yet scheduled. Please check back for an announcement.
Pay Period End Date: November 16, 2013
Funds for this contribution should be transferred to the Program Providers within the next three to five business days. Your Provider may require several additional days to process the allocation and post the funds to your account.