summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
For legislation relative to the teachers retirement system. Public Service.
AI Summary
This bill amends the Massachusetts General Laws to make changes to the teachers' retirement system. Key provisions include:
1. Requiring teachers who transfer into the teachers' retirement system or Boston retirement system on or after July 1, 2001 and before June 30, 2019 to participate in the alternative superannuation retirement benefit program, unless they elected otherwise by December 31, 2019.
2. Providing a one-time opportunity for eligible teachers to elect to participate in the alternative superannuation retirement benefit program between January 1, 2020 and June 30, 2020, or within 180 days of their account being transferred to the new retirement system if that occurs on or after July 1, 2019.
3. Specifying that teachers who participate in the alternative superannuation retirement benefit program must contribute 11% of their regular compensation.
4. Clarifying that elections made under this bill are irrevocable, and that failure to elect will be considered an affirmative decision to participate or not participate in the alternative program.
Committee Categories
Labor and Employment
Sponsors (8)
Mike Connolly (D),
Julian Cyr (D),
Cindy Friedman (D),
Sean Garballey (D),
Jim Hawkins (D),
Jack Lewis (D),
Angelo Puppolo (D),
Tom Stanley (D),
Last Action
Accompanied H16 (on 06/06/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/S1538 |
| Bill | https://malegislature.gov/Bills/191/S1538.pdf |
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