Bill > H20

This bill modifies existing Massachusetts retirement law by making two key changes to post-retirement earnings regulations. First, the bill allows retired public employees to earn an additional $15,000 after one full calendar year has elapsed since their retirement, without affecting their pension or retirement allowance. Second, the bill adds a provision that if a retiree's earnings exceed the legal limit and the treasurer does not recover the excess amount, the retirement board may recover the overearnings, but the recovery cannot exceed the amount of retirement allowance paid in the year the overearnings occurred. The changes are being made to Section 91 of Chapter 32 of the Massachusetts General Laws, which governs retirement earnings limitations for public employees. By providing this additional earnings flexibility and establishing a clear recovery process for excess earnings, the bill aims to offer more financial options for retirees while maintaining fiscal accountability.

Budget and Finance, Labor and Employment

https://malegislature.gov/Bills/194/H20