summary
Introduced
03/29/2021
03/29/2021
In Committee
03/21/2022
03/21/2022
Crossed Over
Passed
Dead
12/31/2022
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)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/H2659 |
| Bill | https://malegislature.gov/Bills/192/H2659.pdf |
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