Bill

Bill > H2659


MA H2659

MA H2659
Relative to certain option B and option C retirees


summary

Introduced
03/29/2021
In Committee
03/21/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

Relative to retirement options for public employees. Public Service.

AI Summary

This bill proposes to increase the retirement allowance for certain public employees who retired before July 1, 2004 and are receiving a lesser retirement allowance under Option B or Option C of the state's retirement system. The increase would be 4% for Option B allowances and 12% for Option C allowances. The bill allows retirement systems to accept the provisions of the act through a majority vote of their boards, with approval from their legislative bodies. The changes would be prospective from the effective date of the act and would not provide any retroactive benefits.

Committee Categories

Budget and Finance, Labor and Employment

Sponsors (4)

Last Action

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

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