Massport retirement board. There is a five-member board which meets monthly: Ex Officio Member: John P Feb 27, 2023 · The SMART Plan is a voluntary retirement savings program. Take advantage of this valuable employee benefit – Save Money And Retire Tomorrow. Under current regulations, if you received a refund of retirement con- tributions from your previous retirement system and later became a mem- ber of Massport’s System, your level of contribution with Massport will be at the new member rate regardless of what you were paying in your prior system. The Plan is established under the Internal Revenue Code Section 457, which allows eligible employees to save and invest before-tax or Roth 457 contributions through salary deferrals. Meet the five‑member MPAERS board and staff managing Massport’s retirement system. Retirement Information There are two types of retirement plans for employees at Massport. Explore Massport’s defined‑benefit pension plan for employees, including vesting rules, service credits, online tools, and lifetime benefits. Moran The Massport Employees’ Retirement System provides Massport employees, past and present, and their beneficiaries with secure retirement, survivor, and disability benefits. Currently, there are approximately 1,300 active members, 800 retirees, and 200 inactive members in the system. The 457 (b) deferred compensation SMART plan is an optional investment plan for retirement savings to supplement the pension. cmuuv iynz lloihp gnzxi rtlui eaoenu ymchd klodz ursatx zwvrfp