Bill > H2409

This bill, declared an emergency law for public convenience, aims to provide equal opportunities for public retirees to select their retirement options by amending Section 55 of Chapter 176 of the Acts of 2011. Specifically, it changes the relevant date from "May 17, 2005" to "November 18, 2011" in two subsections of that section, effectively expanding the window for these retirement option selections. The bill also outlines procedures for retirement boards, as defined in section 1 of chapter 32, to manage any overpayments that may arise from these new elections, requiring adjustments or repayments as the board deems appropriate. Furthermore, it mandates that any currently married member of a retirement system receiving a retirement allowance must submit a change in their retirement option by August 1, 2015, with the retirement board having 180 days after application submission to implement such changes.