Bill > S48

This bill requires the Secretary of Administration and Finance to report to the House and Senate Committees on Ways and Means by May 15, 2015, detailing the costs and benefits of a retirement incentive program for eligible employees within the executive branch, defining eligible employees as those in the executive department, members of the state retirement system, classified in Group 1, and eligible for superannuation retirement. The report must also analyze the costs of a "backfill program," which allows for refilling positions vacated by employees participating in the retirement incentive program, with strict limits on the total annualized cost of regular compensation for these refilled positions in fiscal years 2016 and 2017, not exceeding 20% of the original compensation for those vacated positions. The bill further specifies that certain employees, such as those funded by federal grants or capital appropriations, elected officials, or those already eligible for another retirement incentive program, are not eligible, though employees paid from the Massachusetts Transportation Trust Fund can be considered eligible if they meet other criteria. Additionally, by July 1, 2015, the Secretary must submit another report listing any executive branch positions that, based on published criteria, do not directly or indirectly provide services to residents or contribute to the smooth operation of agencies.