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Bill > H3868


MA H3868

Relative to creditable service


summary

Introduced
04/23/2019
In Committee
11/19/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

By Mr. DeCoste of Norwell, a petition (subject to Joint Rule 12) of David F. DeCoste that the Massachusetts Teachers’ Retirement System be directed to authorize Daniel P. Schwemin to purchase creditable service. Public Service.

AI Summary

This bill allows Daniel P. Schwemin, a member of the Massachusetts Teachers' Retirement System who withdrew his accumulated regular deductions, to make up those payments within one year of April 2, 2012, without having to pay actuarial interest, but only regular interest. Schwemin's creditable service predates January 1, 1986. The repayment can be made in a lump sum or installments as prescribed by the Retirement System.

Committee Categories

Budget and Finance, Labor and Employment

Sponsors (1)

Last Action

Bill reported favorably by committee and referred to the committee on House Ways and Means (on 11/19/2019)

bill text


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