Bill

Bill > H29


MA H29

MA H29
Relative to the interest charged on refund buybacks


summary

Introduced
02/27/2025
In Committee
12/15/2025
Crossed Over
Passed
Dead

Introduced Session

194th General Court

Bill Summary

So much of the recommendations of the Massachusetts Teachers' Retirement System (House, No. 26) as relates to the interest charged on refund buybacks

AI Summary

This bill makes a small but specific technical change to Chapter 32, Section 3, Subdivision 6, Paragraph (c) by replacing the word "reemployment" with "repayment". While the context is not fully provided, this appears to be a legal modification related to how interest is calculated or handled in refund buybacks, potentially for a retirement or pension system. The change of a single word could have nuanced legal implications for how financial transactions or calculations are interpreted within this particular section of law. Without additional context about the specific chapter or system being referenced, the exact practical impact of this word substitution cannot be definitively determined.

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)

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/H29
BillText https://malegislature.gov/Bills/194/H29.pdf
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