PERAC Memo #11 - 2021: Benefit Calculation Submissions Via PROSPER

Memorandum Memorandum #11: Benefit Calculation Submissions Via PROSPER Date: 02/26/2021 Referenced Sources: PERAC Website PERAC Memo #11, 2021

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TO: All Retirement Boards

FROM: John W. Parsons, Esq., Executive Director

RE: Benefit Calculation Submissions Via PROSPER

DATE: February 26, 2021

This past November, we introduced the benefit calculation submission application as part of the PROSPER system. This new application provides retirement boards the ability to submit benefit calculations easily to PERAC via PROSPER. Since then, more than 550 benefit calculations have been submitted to PERAC this way.

However, some retirement boards are still mailing benefit calculations to the office. In an effort to have all benefit calculations be submitted to PERAC via the PROSPER system, PERAC will not accept any benefit calculation that is received in the office after March 5, 2021. For any such calculation received after this date, we will notify the retirement board that the calculation is to be submitted via PROSPER.

We trust the foregoing is of assistance. If you need assistance in submitting a benefit calculation via PROSPER, please watch the video below or contact the PROSPER help desk. Thank you for your collaboration in making this new feature a success.

https://www.mass.gov/info-details/prosper-benefit-calculations