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Bill > H25


MA H25

MA H25
Relative to modifications of retirement allowances


summary

Introduced
01/22/2019
In Committee
02/24/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

So much of the recommendations of the Public Employee Retirement Administration Commission (House, No. 19) as relates to modifications of retirement allowances. Public Service.

AI Summary

This bill proposes modifications to retirement allowances for public employees in Massachusetts. Specifically, it allows the Public Employee Retirement Administration Commission (PERAC) to prospectively modify a retired member's retirement allowance if they are found to be engaged in gainful occupation and have excess earnings for three or more consecutive years, resulting in the repayment of their entire retirement allowance. The bill also allows retirement boards to pay a portion of the allowance to maintain the disability retiree's health insurance coverage, and requires PERAC to establish regulations for determining the fair amount of outside income and potential earnings for members retired under certain provisions.

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 02/24/2020)

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