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MA S2163

MA S2163
Authorizing the State Retirement Board to grant creditable service to Douglas Priest


summary

Introduced
07/13/2015
In Committee
04/25/2016
Crossed Over
Passed
Dead
07/31/2016

Introduced Session

189th General Court

Bill Summary

For legislation to authorize the State Retirement Board to grant creditable service to Douglas Priest. Public Service.

AI Summary

This bill authorizes the State Board of Retirement to grant Douglas Priest, an employee of the Executive Office of Energy and Environmental Affairs, creditable service for his past employment with the Town of Millis from May 4, 1987, to December 31, 1992. Creditable service refers to the time an individual has worked that counts towards their retirement benefits. This provision is intended to promote the public good and will allow Mr. Priest to have this period of service considered when calculating his retirement allowance under Chapter 32 of the General Laws, provided he meets all other eligibility requirements. To receive this creditable service, Mr. Priest must pay into the state employees' retirement system an amount equivalent to the retirement contributions he would have made during that period, plus interest, with the repayment terms to be determined by the State Retirement Board and completed before his retirement allowance becomes effective. Additionally, the Norfolk County Retirement Board will reimburse the State Board of Retirement for this creditable service.

Committee Categories

Budget and Finance, Labor and Employment

Sponsors (2)

Last Action

Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 04/25/2016)

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