Massachusetts State Employees' Retirement System (MSERS)
Participation in the Massachusetts State Employees' Retirement System (MSERS) is mandatory, paid by you on a pre-tax basis, in lieu of Social Security. This may impact your future Social Security benefits.
You contribute 9% on your whole salary (up to 64% of IRS compensation limit) and an additional 2% on your salary above $30,000. The plan is a Defined Benefit Plan and is designed to provide you a monthly income based on your age, salary and service at the time you retire. You are vested in the MSERS plan when you have attained 10 years of full-time creditable service.