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Bill > S1594


MA S1594

Relative to creditable service for school business administrators


summary

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

Introduced Session

191st General Court

Bill Summary

For legislation relative to creditable service for school business administrators. Public Service.

AI Summary

This bill allows members of the teachers' retirement system who are employed as school business administrators to receive creditable service for any prior occupational experience that was required as a condition of their licensure as a school business administrator. The member must pay into the Annuity Savings Fund an amount equal to 17% of their current salary for each year of service purchased, and must have completed at least 10 years of membership service before receiving this credit. The creditable service allowable under this provision is limited to a maximum of 3 years.

Committee Categories

Labor and Employment

Sponsors (1)

Last Action

Accompanied a study order, see S2545 (on 02/18/2020)

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