Bill > S1373

This bill authorizes Gary W. Tirrell to receive additional creditable service, which refers to time counted towards his retirement benefits, from the Massachusetts Teachers' Retirement System (MTRS), a state agency that manages retirement plans for teachers. Specifically, it allows the MTRS to count the service Mr. Tirrell provided between 1972 and 1979 as an elected member of the city of Westfield parks and recreation commission towards his retirement allowance, even though this service might not typically qualify. To receive this credit, Mr. Tirrell must pay the MTRS an amount equivalent to what would have been deducted from his salary during that period if he had been a member of a retirement system and earned $500 per year, plus any applicable interest, with the payment terms to be determined by the MTRS.