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Bill > H2649


MA H2649

MA H2649
Relative to prompt retiree payments


summary

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

Introduced Session

192nd General Court

Bill Summary

By Mr. Garballey of Arlington, a petition of Sean Garballey that the Retirement Board submit a report on the use of partial payments to reduce the amount of time between a person’s retirement and date of first payment. Public Service.

AI Summary

This bill aims to amend Chapter 32 of the Massachusetts General Laws to require the State Retirement Board to produce a report for the Joint Committee on Public Service on establishing a process to provide prompt partial retirement payments to recent retirees. The report would explore ways to reduce the time between a person's retirement and the date of their first full retirement payment by utilizing estimated partial payments. This is intended to help ensure that retirees receive their pension benefits in a more timely manner.

Committee Categories

Budget and Finance, Labor and Employment

Sponsors (1)

Last Action

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

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