Bill

Bill > H12


MA H12

Relative to the recovery of overearnings


summary

Introduced
04/13/2021
In Committee
10/07/2021
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

So much of the recommendations of the Public Employee Retirement Administration Commission (House, No. 9) as relates to the recovery of overearnings. Public Service.

AI Summary

This bill amends the General Laws of Massachusetts to allow retirement boards to recover any overearnings that were paid to a member in the previous year. Specifically, if the appropriate treasurer or other responsible party fails to recover the overearnings, the retirement board may recover an amount equal to the overearnings, but not exceeding the amount of the retirement allowance paid in the year the overearnings occurred. This provision provides an additional mechanism for retirement boards to recoup any excess payments made to members.

Committee Categories

Budget and Finance, Labor and Employment

Sponsors (0)

No sponsors listed

Last Action

No further action taken (on 01/03/2023)

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