Bill > H2834

This bill modifies the veteran allowance for public retirees in Massachusetts by allowing retirement systems to provide an additional yearly allowance of fifty dollars for each year of creditable service to veterans who are members of Group 1, Group 2, or Group 4, with a maximum additional benefit of one thousand dollars. The bill requires acceptance of this provision by a majority vote of the retirement system's board and approval by the appropriate legislative body (such as a city council, town meeting, or governing body, depending on the type of organization). The state teachers' and state employees' retirement systems are automatically deemed to have accepted this provision. Importantly, the benefits are prospective only, meaning they will not be applied retroactively, and veterans will not receive backdated compensation. The bill amends several sections of Chapter 32 of the Massachusetts General Laws to implement these changes, providing a new option for retirement systems to enhance benefits for veterans who have served in the public sector.

Budget and Finance, Labor and Employment

https://malegislature.gov/Bills/194/H2834