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Bill > H2553


MA H2553

Relative to retirement benefits for Mary Donna Nodurf


summary

Introduced
03/29/2021
In Committee
01/19/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation relative to retirement benefits for Mary Donna Nodurf. Public Service.

AI Summary

This bill allows Mary Donna Nodurf to purchase up to 4 years of creditable service for the purposes of maternity leave service in the Massachusetts Teachers' Retirement System, provided that she pays the required amount determined by the retirement board's rules and regulations, including buyback interest. If Nodurf fails to make the payment within one year, the system will recalculate the invoice using the actuarially assumed investment rate of return. Upon completion of the payment, the system will recalculate Nodurf's retirement benefit to include the maternity leave purchase, effective from the date the system received the payment.

Committee Categories

Budget and Finance, Labor and Employment

Sponsors (2)

Last Action

No further action taken (on 01/03/2023)

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