Bill

Bill > H2555


MA H2555

Relative to option (D) beneficiaries


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 option (D) survivor allowance beneficiaries. Public Service.

AI Summary

This bill amends the first paragraph of Section 12 of Chapter 32 of the General Laws to update the provisions for Option (D) survivor allowance beneficiaries. Specifically, it allows a member to nominate one or more eligible beneficiaries to receive a portion of the Option (C) allowance the member would have received had they retired on the date of their death. If multiple beneficiaries are nominated, the benefit will be calculated using the youngest beneficiary's age at the time of the member's death. Additionally, upon the death of a beneficiary, the payments to the surviving beneficiaries will remain unchanged.

Committee Categories

Labor and Employment

Sponsors (3)

Last Action

Accompanied a study order, see H4960 (on 07/05/2022)

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Loading...