Bill > H2762

This bill provides a specific provision for Kellie Martin, an employee of the Greater New Bedford Regional Vocational Technical High School, to receive creditable service in the Massachusetts Teachers' Retirement System for the period from August 28, 2003 to August 28, 2006. The bill allows Martin to be credited with this service time when calculating her superannuation retirement allowance, which is a type of pension benefit. However, before this service can be credited, Martin must pay back the retirement system the amount of money that would have been withheld as regular deductions from her salary during that time period, plus additional buyback interest as defined in the state's retirement laws. This legislation is a special exception to existing laws and regulations, providing Martin with the opportunity to have additional service time counted towards her retirement benefits, contingent upon her reimbursing the system for the missed contributions during that three-year period.

Budget and Finance, Labor and Employment

https://malegislature.gov/Bills/194/H2762