Another method of deciding which plan is better for you is to project and compare retirement income from both plans. You may contact the State Board of Retirement for an illustration of your future benefits under the MSERS. The ORP providers can help you to project your initial income under the ORP.
Remember that you must use the same assumptions (e.g., future salary increases and years of participation) in both programs to ensure the most accurate comparison possible.
Equally important is the use of reasonable rates of future investment returns under any projections of ORP income. If your investment assumption is too high, it could significantly overstate the expected results; too low, and you understate your expected income.
Section 60 Pension Reform
Choosing a Retirement Plan
Eligibility & EnrollmentORP Insurance BenefitsChanges in Employment StatusMaintaining Provider AccountRetirement & Post-Employment Insurance BenefitsDrawing Benefits from the ORPSocial Security Offset ProgramsDomestic Relations OrdersConnect @MassDHE
