summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
For legislation relative to retirement allowances of certain married persons. Public Service.
AI Summary
This bill allows for the recalculation of retirement allowances for certain married persons who are receiving a retirement allowance pursuant to sections 1 to 28 of chapter 32 of the general laws and whose retirement allowance was calculated using Option (c) of said chapter. The recalculation would be based on an updated mortality table adopted pursuant to section 336 of chapter 149 of the Acts of 2004. Prior to adopting this provision, the retirement system must conduct an actuarial study to determine the costs and liabilities of recalculating the Option (c) retirement allowances. Eligible persons will be notified of this option and must request the recalculation in writing within 180 days of the notification, and the recalculation may be made retroactively to the date of the acceptance of this act.
Committee Categories
Labor and Employment
Sponsors (1)
Last Action
Accompanied a study order, see S2491 (on 04/26/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://malegislature.gov/Bills/190/S1432 |
Bill | https://malegislature.gov/Bills/190/S1432.pdf |
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