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Bill > H2792


MA H2792

Relative to timely retirement payment


summary

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

Introduced Session

192nd General Court

Bill Summary

Relative to timely retirement payments to retiring public employees. Public Service.

AI Summary

This bill aims to ensure timely retirement payments to public employees. It proposes amending the state's retirement law to require pension boards to pay 90% of the estimated full monthly payment if circumstances beyond their control prevent the calculation of the full amount by the first payment date. The boards would then be required to notify the state legislature annually of any such circumstances that prevented the full payment.

Committee Categories

Labor and Employment

Sponsors (3)

Last Action

Accompanied H2748 (on 03/21/2022)

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