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Bill > H22


MA H22

Relative to the interest charged on refund buybacks


summary

Introduced
04/13/2021
In Committee
03/21/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

So much of the recommendations of the Massachusetts Teachers' Retirement Board (House, No. 18) as relates to the interest charged on refund buybacks. Public Service.

AI Summary

This bill amends the existing Massachusetts law by changing the word "reemployment" to "repayment" in the first sentence of Paragraph (c) of subdivision 6 of Section 3 of Chapter 32. This change relates to the interest charged on refund buybacks, which refers to the process of a Massachusetts teacher or public employee repaying a previously withdrawn retirement contribution to reinstate their retirement benefits.

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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