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Bill > H2196


MA H2196

Relative to certain option B and option C retirees


summary

Introduced
01/22/2019
In Committee
02/20/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

Relative to retirement options for public employees. Public Service.

AI Summary

This bill aims to increase the retirement allowance for certain public employees who retired before July 1, 2004 and are receiving a lesser retirement allowance under Options B or C of the state's retirement system. Specifically, the bill proposes a 6% increase for Option B allowances and a 12% increase for Option C allowances. The bill requires retirement systems to accept the provisions of the act through a majority vote of their governing bodies, and the state teachers' and state employees' retirement systems are deemed to have accepted the act. The provisions of the bill are prospective, meaning it does not provide any retroactive benefits.

Committee Categories

Budget and Finance, Labor and Employment

Sponsors (26)

Last Action

Bill reported favorably by committee and referred to the committee on House Ways and Means (on 02/20/2020)

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