Bill > H3624

This bill proposes to amend Chapter 32 of the General Laws to allow certain former public employees who are re-entering public service to become immediately vested and eligible for retirement without needing to work an additional two years, provided they meet specific conditions. Currently, even if a former employee pays to "buy back" their previous years of service, they are generally required to work for two more years to regain full retirement eligibility. This bill would exempt individuals who have reached age 60 and fully pay for all the years of service needed to bridge the gap between their past and current public employment from this two-year waiting period, allowing them to be immediately vested and eligible for retirement upon making the full payment into the retirement system. This change aims to ensure that those who were previously vested in the Public Retirement System and have fully repaid their service time can retain their eligibility without the mandatory two-year service requirement.