summary
Introduced
02/27/2025
02/27/2025
In Committee
12/15/2025
12/15/2025
Crossed Over
Passed
Dead
Introduced Session
194th General Court
Bill Summary
So much of the recommendations of the Public Employee Retirement Administration Commission (House, No. 18) as relates to providing for payment of creditable service
AI Summary
This bill modifies a section of Massachusetts law related to creditable service for retirement systems, specifically allowing individuals to pay for previously uncredited service periods. The amendment permits individuals to make "make-up payments" into their retirement system's annuity savings fund for periods when they were not originally eligible for membership. These payments would be equivalent to the regular deductions that would have been withheld from their compensation had they been a member during that time, and would include "buyback interest". The payments can be made in a single lump sum or in installments, with the specific terms and conditions to be determined by the retirement system's board. This provision gives workers a way to retroactively purchase credit for past service periods, potentially increasing their eventual retirement benefits by recognizing more of their total work history.
Committee Categories
Budget and Finance, Labor and Employment
Sponsors (0)
No sponsors listed
Last Action
Bill reported favorably by committee and referred to the committee on House Ways and Means (on 12/15/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/194/H23 |
| BillText | https://malegislature.gov/Bills/194/H23.pdf |
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