Bill

Bill > H2556


MA H2556

Relative to option (D) beneficiaries


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 option (D) survivor allowance beneficiaries. Public Service.

AI Summary

This bill amends Section 12 of Chapter 32 of the General Laws in Massachusetts, which relates to the "Option (D) Member Survivor Allowance." The key changes are: 1) It allows a member to nominate one or more eligible beneficiaries to receive a portion of the Option (C) allowance the member would have received had they retired on the date of their death. 2) If multiple beneficiaries are nominated, the benefit will be calculated using the youngest beneficiary's age at the time of the member's death. 3) Upon the death of a beneficiary, the payments to surviving beneficiaries will remain unchanged.

Committee Categories

Budget and Finance, Labor and Employment

Sponsors (8)

Last Action

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

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Loading...