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Bill > H2691


MA H2691

Protecting retirees from a reduced, modified or changed retirement allowance due to the inclusion of vacation buyback as regular compensation


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 protecting retirees from a reduced, modified or changed retirement allowance due to the inclusion of vacation buyback as regular compensation. Public Service.

AI Summary

This bill aims to protect retirees from having their retirement allowance reduced, modified, or changed due to the inclusion of vacation buyback payments as part of their regular compensation. The bill states that any vacation buyback payments that were included in the calculation of a retiree's allowance and upon which contributions were made, shall not be used to reduce, modify, or change the retiree's retirement allowance. Additionally, the bill allows vacation buyback payments that were included in collective bargaining agreements or individual employment contracts in effect as of May 1, 2018, to continue being considered as regular compensation during the term of those agreements or contracts, but any such payments received after June 30, 2021, shall not be considered regular compensation.

Committee Categories

Labor and Employment

Sponsors (1)

Last Action

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

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