Bill > H2351

This bill aims to provide creditable service for retirement purposes for teaching in parochial schools or in public or private academies. The key provisions of the bill are: 1. Members who taught in a parochial school or in a public or private academy can purchase up to 10 years of service credit for that service, provided they held an appropriate teaching certificate and their last 10 years of creditable service before retirement were as a state employee or teacher in the Commonwealth. 2. To receive this service credit, the member must make contributions into the retirement fund, based on the average teacher salary during the years of private or parochial school teaching, plus interest. 3. The member must have begun membership before January 1, 1976, and the contributions must be paid before any retirement benefit becomes effective. 4. If the member does not meet the specific requirements, an alternative provision allows the member to receive additional service credit for private or parochial school teaching if they pay the equivalent contributions they would have made, plus interest.

Labor and Employment

https://malegislature.gov/Bills/191/H2351