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Friday, September 20th
If you are an active member who qualifies as a "veteran" under the retirement plan and you wish to purchase your prior military service and have not done so, please note there have been significant changes to the Veterans' Buybacks law. The deadline for purchasing military service is now within one year of vesting in the retirement system, which is effectively 11 years of creditable service.
Thursday, June 20th
Rachel Madden -MH CFO was appointed to the Retirement Board as Ex-Officio in January of this year. We know that she will be a valuable addition to the Board.
Monday, October 16th
Massachusetts Housing Finance Agency Employees Retirement System (“Board”) is seeking applicants for the Fifth Member of the Board, the Fifth member is appointed by the other four board members, for a three-year term commencing January 1, 2024.
Monday, August 14th
COLA Increase
As a reminder-Led by Michael Fitzmaurice, Antonio Torres, Paul Hynes and Tom Flynn, the MHFA Employees’ Retirement Board has approved a 3% COLA (cost of living allowance) effective July 1, 2023, for all eligible retirees and survivors of the system who retired on or before June 30, 2022. In addition, the Board has voted to increase the COLA base as follows:
1. To increase the COLA base from $16,000 to $17,000 effective July 1, 2023.
2. To increase the COLA base from $17,000 to $18,000 effective July 1, 2024.