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Bill > S1790


MA S1790

Regulating for legislation to regulate education administrator retirement


summary

Introduced
03/29/2021
In Committee
02/14/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation to regulate education administrator retirement. Public Service.

AI Summary

This bill aims to amend the existing law to allow education administrators who previously supervised the provision of special education services in non-public schools, where the tuition was financed in part or in full by the Commonwealth, to establish such service as creditable service for their retirement. This would enable them to deposit an amount equal to 5% of their compensation during that period, plus buyback interest, into the annuity savings fund of the retirement system they are a member of, before their retirement allowance becomes effective.

Committee Categories

Budget and Finance, Labor and Employment

Sponsors (2)

Last Action

Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 02/14/2022)

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