MA H18

Bill

MA H18

Establishing a special commission on retirement credit purchases

Introduced
01/22/2019

In Committee
01/22/2019

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 establishing a special commission (including members of the General Court) on retirement credit purchases. Public Service

AI Summary

This bill establishes a special commission to evaluate and study the costs and benefits of all service purchases allowed under Chapter 32 of Massachusetts' retirement laws. The commission will review the associated actuarial liabilities, recommend cost-sharing between employees and employers, explore whether the types of allowable service purchases can be expanded to help recruit and retain public employees, and recommend any other changes deemed necessary to improve the long-term sustainability of Massachusetts' contributory retirement systems. The commission will consist of representatives from various state agencies, retirement boards, the legislature, and public employee unions. The commission is required to file its recommendations, including any proposed legislation, with the clerks of the Senate and House of Representatives by May 1, 2020.

Committee Categories

Labor and Employment

Sponsors (0)

No sponsors listed

Last Action

Accompanied a study order, see H4722 (on 05/20/2020)

Official Document

https://malegislature.gov/Bills/191/H18

(10 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/H18
Bill	https://malegislature.gov/Bills/191/H18.pdf

Bill	Bill Name	Last Action	Type
H16	Relative to the Massachusetts Teachers Retirement System	Bill reported favorably by committee and referred to the committee on House Ways and Means	Similar To
H17	Relative to pension forfeiture	Accompanied H21	Similar To
H2200	Relative to the Massachusetts teachers retirement system	Accompanied H16	Similar To
H2265	Authorizing the Massachusetts Teachers' Retirement System to grant creditable service to Thomas Richard Kinsky	Accompanied a study order, see H4722	Similar To
H2315	To grant A. John Crisafulli three years of creditable service	Accompanied a study order, see H4722	Similar To
H2351	Relative to teachers' retirement credits for parochial schools	Accompanied a study order, see H4722	Similar To
H4722	Retirement, benefits and other public service issues	Reported, in part, by H2169	Replaced by
S1487	Relative to the cost of living adjustment for state and teacher retirees	Accompanied a new draft, see S2798	Similar To
S1558	Providing for an equitable Massachusetts Teachers’ Retirement System pension for Paul C. Nordberg	Accompanied a study order, see S2545	Similar To
S1572	Relative to retirement benefits for Thomas Brian Donnelly	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To

Bill > H18

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (0)

Last Action

Official Document

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