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Bill > S2326


MA S2326

MA S2326
Relative to retirement benefits for Mary Donna Nodurf


summary

Introduced
02/18/2016
In Committee
07/12/2016
Crossed Over
Passed
Dead
07/31/2016

Introduced Session

189th General Court

Bill Summary

For legislation relative to retirement benefits for Mary Donna Nodurf. Public Service.

AI Summary

This bill, concerning retirement benefits for Mary Donna Nodurf, outlines specific actions for the teachers' retirement system. If Mary Donna Nodurf does not make a required payment within one year of this act's effective date, the teachers' retirement system will re-calculate her invoice using its actuarially assumed investment rate of return, which is the rate of return the system expects to earn on its investments over the long term. Once payment is completed, the system will then recalculate her retirement benefit, including any maternity leave purchase, and this recalculation will be effective from the date the payment was received.

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 07/12/2016)

bill text


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bill summary

Document Type Source Location Created
State Bill Page https://malegislature.gov/Bills/189/S2326 06/10/2016
Bill https://malegislature.gov/Bills/189/S2326.pdf 06/10/2016
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