Bill
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
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
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)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://malegislature.gov/Bills/192/H2691 |
Bill | https://malegislature.gov/Bills/192/H2691.pdf |
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