summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Relative to buyback for certain retirement system creditable service. Public Service.
AI Summary
This bill addresses the provisions for creditable service and notice requirements in the Massachusetts public retirement system. Specifically, it allows members whose creditable service predates January 1, 1986 to make up payments for withdrawn contributions without having to pay actuarial interest, as long as they do so within one year of reinstatement or April 2, 2012, whichever is later. Additionally, the bill requires the Public Employee Retirement Administration Commission to provide timely notice, including by certified mail at least 10 days before any statutory amendments to Chapter 32 that would directly and substantially impact members' financial interests in the retirement system.
Committee Categories
Labor and Employment
Sponsors (2)
Last Action
Accompanied a study order, see H4722 (on 05/20/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H2225 |
| Bill | https://malegislature.gov/Bills/191/H2225.pdf |
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