An election will be held on December 1, 2016 for the position of Elected Representative to the Massachusetts Housing Finance Agency Employees’ Retirement System. The term of the position will begin on December 11, 2016 and run through December 10, 2019. Michael Fitzmaurice currently is the incumbent.
Effective July 1st, the Massachusetts Housing Finance Agency Employees' Retirement System has granted a 3% cost of living increase (COLA) to qualifying retirees and beneficiaries on the base maximum of $13,000 of benefits. Retirees receiving an annual benefit of $13,000 or more will receive a monthly increase of $32.50.
On June 1, 2016 in an effort to better serve our members, we have developed a Member Information Portal. Our members will be able to run an estimated calculation of your retirement allowance and also review your beneficiary selection, salary history, contact information, and forward any changes or corrections to us electronically.
Retirees and Survivors: As you know, every other year you are required to file an annual affidavit with the Massachusetts Housing Finance Agency Employees' Retirement System. Affidavits were mailed on July 12, 2016 and are due back on August 31, 2016.
In March 2016, Michelle Shinnick was hired as Retirement Analyst, replacing David Sullivan. Many of you already know Michelle as she has been with MassHousing for over the past 28 years in multiple positions starting in single family and then most recently working as a SR. Subsidy Analyst in Rental Management working on the 13 A and 236 programs. Michelle has worked for the Retirement System in a small role since 2002.