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Bill > H2594


MA H2594

MA H2594
Relative to the Massachusetts Teachers' Retirement System


summary

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

Introduced Session

192nd General Court

Bill Summary

Relative to the Massachusetts Teachers' Retirement System. Public Service.

AI Summary

This bill proposes several changes to the Massachusetts Teachers' Retirement System. It requires teachers who transfer into the teachers' retirement system or the Boston retirement system to participate in the alternative superannuation retirement benefit program, where they must contribute at least 5 years at an 11% rate. It also provides a one-time opportunity for certain eligible teachers who did not previously elect to participate in the alternative superannuation retirement benefit program to do so between January 1, 2022 and June 30, 2022. The bill also specifies that the new participation requirements apply to teachers who transfer into the systems on or after July 1, 2021, with some exceptions.

Committee Categories

Labor and Employment

Sponsors (25)

Last Action

Accompanied H19 (on 01/19/2022)

bill text


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