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Bill > H2730


MA H2730

Further regulating the retirement benefits of certain public safety employees


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 to further regulate the retirement benefits of certain public safety employees. Public Service.

AI Summary

This bill further regulates the retirement benefits of certain public safety employees in Massachusetts. It amends the state's retirement law (Chapter 32) to establish a new retirement system for "public safety officers," which includes probation officers, trial court officers, police officers, corrections officers, firefighters, and environmental police officers. Under this new system, public safety officers will be required to retire at age 65, but those with at least 20 years of service can retire earlier. Upon retirement, these officers will receive a pension equal to 60% of their highest average annual compensation, with an additional 3% for each year of service beyond 20 years, up to a maximum of 75% of their compensation. The bill also requires public safety officers to contribute 12% of their regular compensation to the retirement system, and exempts them from additional contribution requirements that apply to other state and local government employees.

Committee Categories

Labor and Employment

Sponsors (6)

Last Action

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

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