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Bill > S2783

MA S2783

To provide a retirement enhancement opportunity for certain members of the Massachusetts Teachers Retirement System

summary

Introduced
03/24/2022
In Committee
03/24/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislationfor legislation to establish a retirement enhancement opportunity for certain members of the Massachusetts Teachers Retirement System, report the accompanying bill (Senate, No. 2783).

AI Summary

This bill provides a retirement enhancement opportunity for certain members of the Massachusetts Teachers Retirement System. Eligible members must be employed by a city, town, regional school committee, independent or vocational technical school, county agricultural school, or educational collaborative that accepts the provisions of the act. To be eligible, members must be eligible for superannuation retirement and be active members of the teachers' retirement system. The bill allows these eligible members to purchase up to 5 years of additional age or service credit to enhance their retirement benefits, with the cost shared between the employee and the employer. The employer is required to fill any vacancies created by this program before the start of the next school year, with some exceptions. The Public Employee Retirement Administration Commission will conduct a cost analysis, and the Teachers' Retirement Board will establish a payment schedule for the employer's portion of the costs.

Committee Categories

Budget and Finance

Sponsors (42)

Jim Arciero (D),  Brian Ashe (D),  John Barrett (D),  Donnie Berthiaume (R),  Joseph Boncore (D),  Michael Brady (D),  Dan Carey (D),  Nick Collins (D),  Jo Comerford (D),  Brendan Crighton (D),  John Cronin (D),  David DeCoste (R),  Sal DiDomenico (D),  Diana Dizoglio (D),  Pat Duffy (D),  Jamie Eldridge (D),  Ryan Fattman (R),  Paul Feeney (D),  Carmine Gentile (D),  Anne Gobi (D),  Adam Gómez (D),  Pat Haddad (D),  Chris Hendricks (D),  Adam Hinds (D),  Mary Keefe (D),  Ed Kennedy (D),  Eric Lesser (D),  Jack Lewis (D),  Joan Lovely (D),  Mike Moore (D),  Susan Moran (D),  Brian Murray (D),  Patrick O'Connor (R),  Jake Oliveira (D),  Marc Pacheco (D),  Maria Robinson (D),  Adam Scanlon (D),  Tom Stanley (D),  Walter Timilty (D),  Erika Uyterhoeven (D),  John Velis (D),  Susannah Whipps (I), 

Other Sponsors (1)

Joint Committee on Public Service (J)

Last Action

Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 03/24/2022)
(10 Companion Bills)

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Document Type Source Location
State Bill Page https://malegislature.gov/Bills/192/S2783
Bill https://malegislature.gov/Bills/192/S2783.pdf
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