MA H16

Bill

Relative to the Massachusetts Teachers Retirement System

Introduced
01/22/2019

In Committee
06/06/2019

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

So much of the recommendations of the Massachusetts Teachers' Retirement System (House, No. 15) as relates to said system. Public Service.

AI Summary

This bill aims to clarify the mandatory participation in the alternative superannuation retirement benefit program through the Massachusetts Teachers' Retirement System (MTRS) or the Boston Retirement System. Key provisions include: - Teachers who transfer into the MTRS or Boston Retirement System and begin contributing on or after July 1, 2001 and before June 30, 2019 will have a one-time opportunity to elect to participate in the alternative superannuation retirement benefit program until June 30, 2020. - Teachers who participate in the alternative superannuation retirement benefit program must contribute at least 11% of their regular compensation for at least 5 years. - The bill applies retroactively to teachers who transferred into the MTRS or Boston Retirement System on or after July 1, 2019, giving them 180 days from the transfer to elect out of the alternative superannuation retirement benefit program.

Committee Categories

Budget and Finance, Labor and Employment

Sponsors (0)

No sponsors listed

Last Action

Bill reported favorably by committee and referred to the committee on House Ways and Means (on 06/06/2019)

Official Document

https://malegislature.gov/Bills/191/H16

(15 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/H16
Bill	https://malegislature.gov/Bills/191/H16.pdf

Bill	Bill Name	Last Action	Type
H10	Relative to Chapter 30B	Bill reported favorably by committee and referred to the committee on House Ways and Means	Similar To
H11	Revising Chapter 30B	Bill reported favorably by committee and referred to the committee on House Ways and Means	Similar To
H13	Relative to horse racing and wagering	House concurred	Similar To
H17	Relative to pension forfeiture	Accompanied H21	Similar To
H2200	Relative to the Massachusetts teachers retirement system	Accompanied H16	Replaces
H28	Modernizing the Massachusetts alcohol laws	Accompanied a study order, see H5043	Similar To
H29	Authorizing charity alcohol auctions	Accompanied a study order, see H5043	Similar To
H30	Relative to the deposit of public monies	Accompanied a study order, see H5054	Similar To
H31	Relative to surety bonds	Accompanied a study order, see H5160	Similar To
H38	Modernizing Lottery payment options	Accompanied H202	Similar To
H50	Relative to the use of electronic signatures under Chapter 32	Committee recommended ought to pass with an amendment and referred to the committee on House Ways and Means with the amendment pending	Similar To
H62	Revising the law recognizing foreign-country money judgments	Accompanied a study order, see H5081	Similar To
H63	Relative to the Uniform Unsworn Foreign Declarations Act	Accompanied a study order, see H5081	Similar To
S1538	Relative to the teachers retirement system	Accompanied H16	Replaces
S335	Relative to the foundation budget review commission	Accompanied a new draft, see S2348	Similar To

Bill > H16

MA H16

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (0)

Last Action

Official Document

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