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Bill > S1533


MA S1533

Relative to retirement options for retirees


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 retirement options for retirees. Public Service.

AI Summary

This bill provides increases to the retirement allowances of certain members and survivors who retired prior to July 2004 and elected Option (b) or Option (c) retirement plans. Specifically, it increases the retirement allowances of retired teachers, state employees, and their survivors who meet these criteria. The bill applies to members of the Boston or Massachusetts Teachers Retirement System, the state retirement system, and any other retirement system that accepts the provisions of the act. The increases range from $395 to $1,800 per person, depending on the member's retirement plan and status as a teacher or state employee.

Committee Categories

Labor and Employment

Sponsors (4)

Last Action

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

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