What’s new

October 2, 2008
Despite recent events in the financial markets,
please be assured that your retirement benefits are secure

While the recent events in the financial markets are of concern to all of us, we want to take a moment to reassure you: Regardless of fluctuations in investment markets, your MTRS retirement benefit is secure.

As you probably know, under the MTRS defined benefit plan, your retirement benefit is determined according to a set formula and the amount is guaranteed regardless of fluctuations in the pension fund’s performance. In other words, events in the stock market do not affect the formula or the amount of your benefit. Additionally, the funds that are used to pay your benefits are invested in a well diversified portfolio, managed by the Pension Reserves Investment Management Board (http://www.mapension.com), with a focus on long-term returns. Our pension fund has successfully endured ups and downs in the financial markets in the past, and it is designed to withstand even the extremes that we are experiencing today.

For more information on the status of public pension systems in today’s economy, see the recent press statement issued by the National Association of State Retirement Administrators.

Active and retired members alike, please rest assured that your MTRS retirement benefits are secure.

August 14, 2008
MTRS seeks owners of unclaimed funds

If you are:
• the executor or executrix, or
• the survivor or beneficiary
of a deceased MTRS retiree, the MTRS may have unclaimed funds on account for you. Please check our Unclaimed funds page for additional information.

Recent news...

Last modified: October 2, 2008