Code of Massachusetts Regulations
807 CMR - TEACHERS' RETIREMENT BOARD
Title 807 CMR 13.00 - Transfer Of Membership Of Retirementplus Members
Section 13.01 - Purpose

Universal Citation: 807 MA Code of Regs 807.13

Current through Register 1531, September 27, 2024

The purpose of 807 CMR 13.00 is to bring certainty and definiteness to the requirements of M.G.L. c. 32, § 5(4) and St. 2022, c. 134, governing the elections regarding the enhanced superannuation retirement plan, "RetirementPlus," provided in that statute for Transferees. Specifically, the purpose is to clarify the election opportunities available to:

(1) members transferring into the Massachusetts Teachers' Retirement System ("MTRS") whether they have already made an election regarding RetirementPlus, or who have failed to do so;

(2) members who have taken refunds;

(3) members transferring out of the MTRS, consistent with the statutory requirement that all such elections be irrevocable; and

(4) members who are mandatory RetirementPlus participants who transfer out of the MTRS.

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