Bill > H2911

This bill modifies provisions related to public employee retirement system creditable service buy backs for veterans, specifically allowing veterans who are currently employed in public service to apply for creditable service at any time, removing previous time restrictions. In the context of public employee retirement systems, "creditable service buy backs" typically refer to a process where employees can pay to receive retirement credit for previous periods of military service or other qualifying employment that was not originally counted towards their pension. The bill amends Chapter 32 of the General Laws and eliminates certain previous time limitations on when veterans can apply to have their military service counted towards their public employee retirement benefits. By striking out specific paragraphs in a previous act (Chapter 71 of the acts of 1996), the legislation appears to be simplifying and expanding veterans' options for retroactively claiming service credit, which could potentially increase their future retirement benefits by recognizing more of their military service time.

Labor and Employment

https://malegislature.gov/Bills/194/H2911