liability calculated using the discount rate of 7.25%, as well as what the Citys proportionate share of the net pension liability would be if it were calculated using a discount rate that is 1-percentagepoint lower (6.25%) or 1-percentage-point higher (8.25%) than the current rate: City's Proportionate Share of the Net Pension Liability 1% Decrease (6.25%) Current Discount Rate (7.25%) $ 152,006,032 $ 103,664,163 1% Increase (8.25%) $ 62,738,702 NOTE 15 MASSACHUSETTS

Census Data Due to the implementation of GASB 67, our previous contract with the Commonwealth included separate pricing components for the auditing of census data at the Massachusetts Teachers Retirement System (MTRS) and the Massachusetts State Employees Retirement System (MSERS). As the testing of the census data is necessary to audit the Commonwealths CAFR, the fees related to that effort are now included in our proposed CAFR fees above.

Pensions For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of both the Belmont Contributory Retirement System and the Massachusetts Teachers Retirement System and additions to/deductions from the Systems fiduciary net position have been determined on the same basis as they are reported by the Systems

Pensions For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of both the Belmont Contributory Retirement System and the Massachusetts Teachers Retirement System and additions to/deductions from the Systems fiduciary net position have been determined on the same basis as they are reported by the Systems

Pensions For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of both the Belmont Contributory Retirement System and the Massachusetts Teachers Retirement System and additions to/deductions from the Systems fiduciary net position have been determined on the same basis as they are reported by the Systems

Massachusetts Teachers Retirement System (MTRS) A. Plan Description The Massachusetts Teachers Retirement System (MTRS) is a public employee retirement system (PERS) that administers a cost-sharing multiemployer defined benefit plan, as defined in Governmental Accounting Standards Board (GASB) Statement No. 67, Financial Reporting for Pension Plans.

. $ 3,633,000 3,633,000 3,633,000 3,518,984 $ 14,417,984 Massachusetts Teachers Retirement System (MTRS) A. Plan Description The Massachusetts Teachers Retirement System (MTRS) is a public employee retirement system (PERS) that administers a cost-sharing multiemployer defined benefit plan, as defined in Governmental Accounting Standards Board (GASB) Statement No. 67, Financial Reporting for Pension Plans.

. $ 7,234,000 7,234,000 7,124,000 3,612,000 2,131,001 $ 27,335,001 Massachusetts Teachers Retirement System (MTRS) A. Plan Description The Massachusetts Teachers Retirement System (MTRS) is a public employee retirement system (PERS) that administers a cost-sharing multiemployer defined benefit plan, as defined in Governmental Accounting Standards Board (GASB) Statement No. 67, Financial Reporting for Pension Plans.

STATE RETIREMENT ASSOCIATION The Superintendent shall be a member of the Massachusetts Teachers Retirement System as required by the Massachusetts General Laws, Chapter 32, Section 2. B.

Pensions For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of both the Bristol County Retirement System and the Massachusetts Teachers Retirement System and additions to/deductions from the Systems fiduciary net position have been determined on the same basis as they are reported by the Systems.

General Counsel Massachusetts Teachers Retirement System Main Office 500 Rutherford Avenue, Suite 210 Charlestown, MA 02129-1628 Dear Attorney OLeary: I have received the petition of Matthew Scheffler appealing the response of the Massachusetts Teachers Retirement System (MTRS) to a request for public records. See G. L. c. 66, 10A; see also 950 C.M.R. 32.08(1). On January 16, 2024, Mr.

.: I have received your letter appealing the response of the Massachusetts Teachers' Retirement System (MTRS) to your request for records. G. L. c. 66 1O(b ); see also 950 C.M.R. 32.08(2). Specifically, you requested MTRS records regarding a specifically named individual's application for disability benefits. In response to your request, MTRS Senior Associate Counsel/Disability Case Manager Robert G.

Castro was non-renewed in retaliation for raising issues of mutual concern with her colleagues, specifically related to TECCAs contributions to the Massachusetts Teachers Retirement System (MTRS), and for participating in the union organizing effort. TECCA denies that it violated M.G.L. c. 150E in any way with respect to its decision to non-renew Ms. Castro. As discussed in further detail below, Ms.

paychecks to the Massachusetts Teachers Retirement System (?MTRS?}, beginning around October 2019 and continuing for many months. This issue was raised again at the March 2 faculty meeting | and the Interim Superintendent was unhappy about it. 6. On or about March 2, 2020, Ms. Castro received her first negative review from TECCA. 7. On or about May 13, 2020, TECCA issued a notice of non-renewal | to Ms. Castro; no reason was given. 8.

Panzini is in charge of payroll, reporting requirements to the Massachusetts Teachers Retirement System as well as reporting requirements to the Group Insurance Commission which Medford joined two years ago. The Superintendent testified that her job duties were specialized, were not just general assignments and was not something he could have assigned to anyone else in the bargaining unit.