you did not comment much on the increase of life insurance increase from $5000.00 to $10,000.00 if teacher an have retired $5000.00 does it go up to $10,000.00?Watertown, MA. ?? Nobody knows greatly appreciated everyone is confused including ones implementing.Please add answers to questions NOT CLEAR FOR EHOM QUALIFIES???
Mary, I'm not sure if you are a member of Mass Retirees, but we have been reporting extensively on the Basic Life Insurance increase fore the past few months. The increase approved by the legislature and Governor Healey only applies to retired and active state employees. Life insurance benefits for municipal retirees, including teachers, are set by local communities and school districts. There is no limit on how high local benefits can be set, but it is entirely the purview of local communities. However, we believe this action to increase state benefits will lead to improved life insurance benefits for teachers and other municipal retirees.
Thank you for all you do it is appreciated
Thank you Shawn
Great information, thanks for your continued leadership for Mass Retirement community! You all are appreciated.
you did not comment much on the increase of life insurance increase from $5000.00 to $10,000.00 if teacher an have retired $5000.00 does it go up to $10,000.00?Watertown, MA. ?? Nobody knows
greatly appreciated everyone is confused including ones implementing.Please add answers to questions NOT CLEAR FOR EHOM QUALIFIES???
Mary, I'm not sure if you are a member of Mass Retirees, but we have been reporting extensively on the Basic Life Insurance increase fore the past few months. The increase approved by the legislature and Governor Healey only applies to retired and active state employees. Life insurance benefits for municipal retirees, including teachers, are set by local communities and school districts. There is no limit on how high local benefits can be set, but it is entirely the purview of local communities. However, we believe this action to increase state benefits will lead to improved life insurance benefits for teachers and other municipal retirees.