Bill > H2956

This bill modifies the veteran allowance for public retirees by enabling retirement systems to provide an additional yearly retirement allowance to veterans who are members of Group 1, Group 2, or Group 4. Specifically, veterans will receive fifty dollars for each year of creditable service, with a maximum additional allowance of one thousand dollars. The bill allows retirement systems to adopt this provision through a majority vote by their board and approval by the relevant legislative body (which varies depending on the type of entity, such as city council, town meeting, or governing board). The state teachers' and state employees' retirement systems are automatically deemed to have accepted this provision. The bill also specifies that these benefits are prospective and do not entitle members to retroactive payments. The changes are made across several sections of Chapter 32 of the Massachusetts General Laws, which governs public retirement systems, and are designed to provide an additional financial benefit to veterans who have served in public sector roles.

Labor and Employment

https://malegislature.gov/Bills/194/H2956