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Bill > H4111
MA H4111
MA H4111Authorizing the city of Boston to establish an alternative superannuation retirement benefit program
summary
Introduced
09/16/2021
09/16/2021
In Committee
09/16/2021
09/16/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
By Ms. Miranda of Boston, a petition of Liz Miranda (with the approval of the mayor and city council) that the Boston Retirement System be authorized to establish an alternative superannuation retirement benefit program for certain educators and nurses. Public Service. [Local Approval Received.]
AI Summary
This bill authorizes the Boston Retirement System to establish an alternative superannuation retirement benefit program for certain educators and nurses. The key provisions are:
1. Mandatory participation in the alternative program for teachers and school nurses who transfer into the Boston Retirement System and begin contributing on or after July 1, 2019, requiring them to contribute at least 5 years at 11% of their regular compensation.
2. A one-time opportunity for eligible teachers and school nurses who joined the Boston Retirement System between July 1, 2001 and June 30, 2019 to elect to participate in the alternative program.
3. A one-time opportunity for eligible Boston Retirement System members who became members before July 1, 2001 to elect to participate in the alternative program.
4. Members who participate in the alternative program must contribute at 11% and may be required to make additional makeup contributions.
5. Elections to participate or not participate in the alternative program are irrevocable.
Committee Categories
Labor and Employment
Sponsors (17)
Liz Miranda (D)*,
Pete Capano (D),
Sonia Chang-Díaz (D),
Sal DiDomenico (D),
Nika Elugardo (D),
Jessica Giannino (D),
Russell Holmes (D),
Kay Khan (D),
Jack Lewis (D),
Adrian Madaro (D),
Paul McMurtry (D),
Brian Murray (D),
Tram Nguyen (D),
Jon Santiago (D),
Tom Stanley (D),
Walter Timilty (D),
Erika Uyterhoeven (D),
Last Action
Accompanied H19 (on 01/19/2022)
Official Document
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/H4111 |
| Bill | https://malegislature.gov/Bills/192/H4111.pdf |
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