Bill
Bill > S2522
MA S2522
MA S2522Relative to the creditable service of former employees of the Massachusetts Development Finance Agency
summary
Introduced
11/14/2023
11/14/2023
In Committee
01/29/2024
01/29/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
For legislation relative to the creditable service of former employees of the Massachusetts Development Finance Agency. Public Service.
AI Summary
This bill allows former employees of the Massachusetts Development Finance Agency who have since joined a retirement system under Chapter 32 of the state's General Laws to receive credit for their previous employment at the agency. To do so, they must pay into the annuity savings fund of the retirement system an amount equal to what would have been withheld as retirement deductions from their regular compensation during that previous employment, plus interest. The bill takes effect upon passage.
Committee Categories
Budget and Finance, Labor and Employment
Sponsors (1)
Last Action
No further action taken (on 12/31/2024)
Bill Topics
Labor and Employment
- ‐ Employee Benefits
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://malegislature.gov/Bills/193/S2522 | 11/20/2023 |
| BillText | https://malegislature.gov/Bills/193/S2522.pdf | 11/20/2023 |
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