Bill > H2312

This bill grants Thomas Brian Donnelly one year of "creditable service" in the Teachers' Retirement System, which is a period of time that counts towards his retirement benefits. To receive this additional year, Mr. Donnelly must pay an amount equal to 11% of his final salary before retiring into the system's annuity savings fund. Once this is done, he will be considered eligible for an "alternative superannuation retirement benefit," which is a specific type of retirement allowance provided under Massachusetts General Laws. The Teachers' Retirement Board will then recalculate his retirement allowance using the formula for this alternative benefit, and he will be entitled to it retroactively from his original retirement date. This legislation is declared an emergency law to ensure its immediate effect.