12/7/2023 0 Comments Quincy public schools job openingsWant to change your withholding for federal taxes with a new Form W-4P.Need to change your direct deposit information.Need verification of your benefit payment.Change your name, address (temporary or permanent) or Social Security number using the appropriate MTRS Form.Pay a survivor benefit, if any, pursuant to the retirement option you selected.Conduct a biennial Benefit Verification process.Provide you with an annual 1099-R tax form.Process any cost-of-living adjustments (COLA).Process and pay your monthly retirement benefit.Throughout your retirement, we will administer your benefits and provide you with information and services. In the event that you die while in active service, your survivors should contact the MTRS regarding potential survivor benefits.leave active service as a Massachusetts educator.If you leave active service prior to retirement… Be sure to: Keep your MTRS correspondence with your important papers, and let your survivors know where to find this information so they may contact us.Investigate plans offered through your employer, such as 457 deferred compensation plans and 403(b) retirement plans.Stay abreast of retirement issues and plan for your retirement. Review the “retirement percentage” charts.Check out the comparison of Tier 1 vs.Look into prior service that you may purchase as creditable service toward your retirement benefit.Review the Annual Statement of your MTRS annuity savings account, and notify us of any necessary updates.Notify your payroll office- not the MTRS-if your address changes.want to change your beneficiary designation.are injured while performing the duties of your job.Complete the MTRS online enrollment process if you change school districts.Throughout your career… As you continue your teaching career, be sure to:
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