Bill > H2232

This bill allows certain career public employees in Massachusetts to retire with a special retirement allowance, even if they haven't reached the standard retirement age. Specifically, it applies to employees who have been members of the state's retirement system for at least thirty years and are classified in either Group 1 or Group 2, which generally refer to certain types of public service. The bill permits these eligible employees to receive a "superannuation retirement allowance," which is a retirement benefit, by using a calculation factor of 2.5 for their pension, as outlined in Chapter 32 of the Massachusetts General Laws, without needing to meet the usual age requirements for this type of retirement.