Bill > S1824

This bill provides a specific retirement benefit adjustment for Thomas Chiocca, allowing him to retroactively access the "Retirement Plus" alternative superannuation retirement benefit originally established by Chapter 114 of the Acts of 2000. Under this legislation, Chiocca will be permitted to participate in the Retirement Plus program if he pays the difference between what he would have contributed to the retirement system under this plan and the contributions he has already made, with regular interest added. The retirement board is required to recalculate Chiocca's superannuation retirement allowance using the Retirement Plus formula, which will be applied retroactively to the date of his original retirement. The bill will take effect immediately upon passage, and it overrides any existing laws, rules, or regulations that might otherwise prevent this retirement benefit adjustment. Essentially, this is a personalized legislative action designed to provide Chiocca with a more favorable retirement benefit calculation.

Labor and Employment

https://malegislature.gov/Bills/194/S1824