Bill > H2816

This bill modifies the retirement benefits for a specific group of educational administrators in Massachusetts by allowing certain members of a contributory retirement system who previously supervised special education services in non-public schools to establish creditable service toward their retirement. Specifically, an educational administrator who was previously responsible for supervising special education services at a non-public school where student tuition was partially or fully funded by the state can now purchase past service credit by depositing five percent of their compensation from that period, plus buyback interest, into their retirement system's annuity savings fund. This can be done in a single payment or through installments, with the terms and conditions to be determined by the retirement system's board. The deposit must be made before the effective date of their retirement allowance, and they can choose to cover their entire previous service period or just a portion of it. This provision appears to be designed to provide more flexibility and recognition of service for educational administrators who have worked in specialized roles overseeing special education services.

Labor and Employment

https://malegislature.gov/Bills/194/H2816