Bill > H2344

This bill establishes a special commission to study the implications of allowing public employees to "cash out" of the disability retirement system, meaning they could receive a lump sum payment instead of ongoing disability retirement benefits. The commission will be comprised of various legislative leaders, state officials like the Treasurer and Secretary of Administration and Finance, representatives from employee associations and unions, and officials from the Group Insurance Commission and Massachusetts Municipal Association. Its mandate is to research and recommend legislation that could offer incentives for employees to pursue alternative careers instead of disability retirement, potentially allowing them to receive a lump sum payment based on their age and other factors, and to report on the tax consequences of such an option. The commission is required to submit its findings and any proposed legislation by June 1, 2016, to relevant legislative committees.