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MA S1394

MA S1394
Relative to retirement buy back in to the Massachusetts teachers' retirement system


summary

Introduced
04/15/2015
In Committee
01/25/2016
Crossed Over
Passed
Dead
07/31/2016

Introduced Session

189th General Court

Bill Summary

For legislation relative to retirement buy back in to the Massachusetts teachers' retirement system. Public Service.

AI Summary

This bill allows Eleanor Burke of Reading to receive credit for her service as a consultant at the department of education from February 1994 to August 1997 when calculating her retirement allowance from the Massachusetts Teachers' Retirement System (MTRS), a state-run pension fund for educators. To receive this credit, Ms. Burke must pay into the MTRS's annuity savings fund an amount equivalent to what would have been deducted from her salary for that period, plus interest, before her retirement benefits begin. This provision is a specific exception to general laws, meaning it applies only to this particular individual and situation.

Committee Categories

Budget and Finance, Labor and Employment

Sponsors (3)

Last Action

Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 01/25/2016)

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