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Bill > S1721


MA S1721

Relative to the 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

For legislation relative to the teachers retirement system. Public Service.

AI Summary

This bill amends the Massachusetts General Laws regarding the 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, which requires them to contribute 11% of their regular compensation for at least 5 years. The bill also provides a one-time opportunity for certain teachers who transferred into these retirement systems between July 1, 2001 and June 30, 2021 to elect to participate in the alternative superannuation retirement benefit program, and it specifies the terms and conditions for their participation. Additionally, the bill applies the new requirements for participation in the alternative superannuation retirement benefit program to teachers who transfer into these retirement systems on or after July 1, 2021, with certain exceptions.

Committee Categories

Labor and Employment

Sponsors (16)

Last Action

Accompanied H19 (on 01/19/2022)

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