The Agenda for the Wednesday, April 1, 2020 Special Board meeting has been uploaded.

The Agenda for the Wednesday, April 1, 2020 Special Board meeting to interview investment managers for the Board’s allocation to small cap domestic equities has been uploaded.  Click here to view.

 

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Closed to the public but still operating as much as we can.

Due to covid-19 our office is closed to visitors, and the governor has issued orders to close nonessential offices  – but we are planning to stay as operational as possible once laptops arrive and we can work from home securely. For now we are limiting our numbers to only what essentially needs to get done to keep going. Basically that means that at least one of us will be in the office each day to ensure we keep monthly benefits flowing to our retirees, pay our bills, and process refunds to those that need them.

We are here – so stay in touch,  Dale

General.frrsma@gmail.com or 413.774.4837

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The Agenda for the Wednesday, March 25, 2020 Regular Board meeting has been uploaded.

The Agenda for the Wednesday, March 25, 2020 Regular Board meeting has been uploaded.  Click here to view.

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January 2020 Regular Board Meeting Minutes

The minutes of the January 29, 2020 Board meeting have been uploaded to the 2020 minutes page. Click here to view.

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The Agenda for the Wednesday, February 26, 2020 Regular Board meeting has been uploaded.

The Agenda for the Wednesday, February 26, 2020 Regular Board meeting has been uploaded.  Click here to view.

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Office Closed Thursday February 6, 2020

The office will be closed on Thursday, February 6, 2020 due to icy driving and walking conditions. We will reopen the following day (Friday) at 8:00 am (unless weather conditions worsen). Stay safe out there.

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December 2019 Regular Board Meeting Minutes Uploaded

The minutes of the December 18, 2019 Board meeting have been uploaded to the 2019 minutes page. Click here to view.

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Agenda for the Wednesday, January 29, 2020 Regular Board Meeting has been uploaded.

The Agenda for the Wednesday, January 29, 2020 Regular Board meeting has been uploaded.  Click here to view.

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Post Retirement Earnings in the coming year 2020

After you retire you can work as many hours and earn as much as you want in private industry, the same for any government agency outside of Massachusetts.
 
However, if you are receiving a retirement benefit from a government retirement system in Massachusetts you are limited in the amount you can earn from post retirement employment with any government agency in Massachusetts and it is your responsibility to inform your employer to what extent you are limited.
 
Reporting to FRRS is not required until and unless there are over-earnings that are to be recovered via the return of retirement benefits.
 
Please use the Post Retirement Earnings Worksheet (available below) to report to the government employer what you expect in 2020.
 
Post Retirement Earnings Worksheet for the upcoming calendar year 2020
Post Retirement Earnings – FRRS Guidelines – regular retirees
PERAC FAQs on Post Retirement Earnings
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Assessment numbers for FY2021 are available

The official assessment letters will be mailed this first week of January, and in the meantime you can see all the numbers, analysis, and explanation in these three documents:

FY2021 Appropriation Calculation By Unit
FY2021 Assessments Explained
FY2021 Assessment Changes Analysis
 
More information about the process, and data from prior years can be found on the webpage:
 
http://www.frrsma.com/appropriationsassessments-and-actuarial-valuations/
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