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Bill > S1789


MA S1789

Relative to creditable service for school business administrators


summary

Introduced
03/29/2021
In Committee
03/29/2021
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation relative to creditable service for school business administrators. Public Service.

AI Summary

This bill allows members of the teachers' retirement system who are employed as school business administrators to receive creditable service for any period of prior occupational experience that was required as a condition of their licensure as a school business administrator. To receive this credit, the member must have at least 10 years of membership service and must pay into the Annuity Savings Fund an amount equal to 17% of their current salary for each year of service purchased. The total creditable service allowed under this provision is limited to 3 years.

Committee Categories

Labor and Employment

Sponsors (1)

Last Action

Accompanied a study order, see S2679 (on 02/10/2022)

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