Benefits for Employees in Positions Covered by the USA/MTA
Insurances
- MA Group Insurance Commission (GIC) health insurance
- GIC Life insurance
- GIC Long-term disability insurance
- MTA dental insurance
- GIC Flexible Spending Accounts available through the GIC's vendor, TASC
- Workers Compensation
Paid time off
Retirement
Employees of the Commonwealth do not contribute to the federal Social Security system but do pay Medicare taxes.
- USA/MTA-covered employees are required to contribute 9% of regular compensation up to $30,000 and 11% of regular compensation above $30,000 MA State Employees' Retirement System (MSERS; mandatory pension/defined benefit program)
- Impact of MSERS pensions on Social Security benefits
- At any time employees may elect to contribute to a voluntary retirement plan (University 403b and Commonwealth 457b/SMART plans)