Bill > H2963

This bill makes several modifications to existing retirement and veterans' buyback provisions in Massachusetts law. Specifically, the bill requires retirement boards to provide written notice to members upon their entry into service about their potential buyback rights, and extends the timeframe for veterans to purchase retirement service credits to within 1 year of vesting. The bill also creates a one-time opportunity for veterans who previously missed the 180-day window to purchase retirement service credits under a 1996 law. Retirement systems are mandated to notify all current members in service about their potential eligibility for this purchase within 90 days of the act's effective date. The proposed changes aim to provide more flexibility and communication to veterans regarding their retirement system buyback options, ensuring they have a clear understanding of their rights and additional chances to purchase service credits that they might have missed in the past.

Labor and Employment

https://malegislature.gov/Bills/194/H2963