Bill > H2759

This bill authorizes the State Board of Retirement to grant Paul Lemelin, an employee of the Franklin Regional Council of Governments, creditable service for retirement purposes for the period from November 14, 2011 to January 20, 2023. Specifically, the bill allows Lemelin to receive retirement credit for this time period, which he can do by paying back the retirement system the amount of contributions that would have been withheld if he had been receiving regular compensation during that time, plus buyback interest. Before his retirement allowance becomes effective, Lemelin must pay this amount in either a lump sum or installments, as determined by the State Board of Retirement. The bill provides a special exception to existing laws or regulations that might otherwise prevent such retroactive creditable service, and it will take effect immediately upon passage, which is typical for bills addressing specific individual retirement situations.

Budget and Finance, Labor and Employment

https://malegislature.gov/Bills/194/H2759