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Bill > S1402


MA S1402

MA S1402
Providing for an early retirement incentive for state employees


summary

Introduced
04/15/2015
In Committee
04/15/2015
Crossed Over
Passed
Dead
07/31/2016

Introduced Session

189th General Court

Bill Summary

For legislation to provide for an early retirement incentive for state employees. Public Service.

AI Summary

This bill allows the state board of retirement to create and offer an early retirement incentive program for public employees in Group 1 and Group 2, which are categories of state employees. Eligible employees can receive an incentive that combines their years of creditable service (time counted towards retirement) and their age, with the total added years not exceeding five. However, to qualify for this incentive, the employee must retire within twelve months of the bill becoming law.

Committee Categories

Labor and Employment

Sponsors (5)

Last Action

Accompanied a study order, see S2314 (on 06/06/2016)

bill text


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