Bill > H2744

This bill makes several modifications to veterans' retirement buyback provisions in Massachusetts public employee retirement systems. Specifically, it allows veterans who previously missed the 180-day window to purchase service credits for their military time to now have a one-time opportunity to do so within one year of the bill's effective date. The bill requires retirement boards to provide written notice to current members about their potential eligibility for this purchase within 90 days of the act taking effect. Additionally, the bill amends existing law to clarify that veterans must be provided written notice by the retirement board upon entering service about their buyback options, and that these buyback purchases can be made prior to or within one year of becoming vested in the retirement system. The changes aim to provide more flexibility and opportunity for veterans to receive credit for their military service time in their public employee retirement accounts.

Labor and Employment

https://malegislature.gov/Bills/194/H2744