Bill

Bill > H2225


MA H2225

MA H2225
Relative to creditable service and notice by certified mail


summary

Introduced
01/22/2019
In Committee
01/22/2019
Crossed Over
Passed
Dead
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 Specifically, it allows members whose creditable service predates January 1, 1986 to make up payments for withdrawn contributions without having to pay actuarial interest, as long as they do so within one year of reinstatement or April 2, 2012, whichever is later.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)

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