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MA H19

MA H19
Relative to protecting the federal tax qualification status of Massachusetts public retirement plans


summary

Introduced
03/10/2015
In Committee
03/31/2016
Crossed Over
Passed
Dead
07/31/2016

Introduced Session

189th General Court

Bill Summary

Relative to protecting the federal tax qualification status of Massachusetts public retirement plans So much of the recommendations of the Teachers’ Retirement Board (House, No. 18) as relates to protecting the federal tax qualification status of Massachusetts public retirement plans. Education.

AI Summary

This bill clarifies that teachers employed by vendors providing educational services to charter schools, including those providing substantially all educational services, will not be part of the state teacher retirement system (Chapter 32 of the General Laws) and their service with these vendors will not count towards retirement. This clarification is intended to be applied retroactively to the original enactment of Section 89 of Chapter 71 of the General Laws, meaning it's meant to confirm existing understanding rather than introduce a new rule. The primary goal is to protect the federal tax qualification status of Massachusetts public retirement plans by ensuring that these vendor-employed teachers are not incorrectly included.

Committee Categories

Budget and Finance, Education

Sponsors (0)

No sponsors listed

Last Action

Bill reported favorably by committee and referred to the committee on House Ways and Means (on 03/31/2016)

bill text


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