Employees who are not eligible to participate in the state’s retirement program are required to have 7.5 percent of their gross compensation deducted on a pretax basis per paycheck as contributions to the Massachusetts Deferred Compensation SMART Plan (also known as Mandatory OBRA). All mandatory contributions to the SMART Plan will be invested in the Income Fund. Please note that all state government employees hired after April 1, 1986, are required to pay the Medicare portion of the Social Security tax. This tax is 1.45 percent on earnings up to a certain annual limit.
Please review the information in the OBRA section in the Participate tab.
Here are the forms you will need to submit to Human Resources: