MA S1469

Bill

MA S1469

Relative to a service based retirement option for Group 1 and Group 2 career employees

Introduced
01/22/2019

In Committee
03/26/2020

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation relative to a service based retirement option for Group 1 and Group 2 career employees. Public Service.

AI Summary

This bill proposes to allow Group 1 and Group 2 career employees in Massachusetts who have been members of the state's retirement system for at least 30 years to apply for a service-based retirement allowance using the 2.5 factor under the state's pension system, regardless of their age. The bill requires these employees to fully fund their pension benefit upfront, with the total amount to be determined by the State Retirement Board in order to reach a 75% pension benefit (for 30 years of service) or 80% benefit (for 32+ years of service). Employees can use their vacation time and/or personal allowance to pay the amount determined by the Board.

Committee Categories

Budget and Finance, Labor and Employment

Sponsors (2)

Michael Brady (D), Lindsay Sabadosa (D),

Last Action

Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 03/26/2020)

Official Document

https://malegislature.gov/Bills/191/S1469

(14 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/S1469
Bill	https://malegislature.gov/Bills/191/S1469.pdf

Bill	Bill Name	Last Action	Type
H2196	Relative to certain option B and option C retirees	Bill reported favorably by committee and referred to the committee on House Ways and Means	Similar To
H2197	Relative to ordinary disability retirements	Accompanied a study order, see H4722	Similar To
H2268	Relative to retirement benefits for Thomas Brian Donnelly	Accompanied a study order, see H4722	Similar To
H2316	Relative to the retirement rights of criminal prosecutors	Accompanied a study order, see H4722	Similar To
H2371	Relative to National Guard benefits	Accompanied a study order, see H4722	Similar To
H2386	Relative to veterans retirement and pensions	Accompanied a study order, see H4722	Similar To
H4158	Relative to the disability retirement of Ryan Moore and Donald Demiranda, police officers in the town of Falmouth	Amended by substitution of a bill with the same title, H4666	Similar To
S1543	Resolve establishing a study on alternative retirement benefits of public employees	Accompanied a study order, see S2545	Similar To
S1544	Resolve establishing a study on providing absolute social security coverage for public employees	Accompanied a study order, see S2545	Similar To
S1558	Providing for an equitable Massachusetts Teachers’ Retirement System pension for Paul C. Nordberg	Accompanied a study order, see S2545	Similar To
S1593	Relative to the retirement options of certain educational personnel	Accompanied a study order, see S2545	Similar To
S2257	Authorizing employees of the city of Fall River the ability to apply with the Fall River Retirement Board to purchase credible service for military service	Signed by the Governor, Chapter 173 of the Acts of 2020	Similar To
S2337	To extend veterans retirement buyback opportunities	Accompanied a study order, see S2545	Similar To
S2451	Relative to creditable service for Lisa Emma, a member of the Massachusetts Teachers' Retirement System	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To

Bill

Bill Name

Last Action

Type

H2196

Relative to certain option B and option C retirees

Bill reported favorably by committee and referred to the committee on House Ways and Means

Similar To

H2197

Relative to ordinary disability retirements