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Bill > S1401


MA S1401

Relative to Option (d) beneficiaries


summary

Introduced
01/23/2017
In Committee
03/26/2018
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation relative to Option (d) beneficiaries. Public Service.

AI Summary

This bill amends Section 12 of Chapter 32 of the General Laws to modify the provisions related to Option (d) beneficiaries. Under the current law, a member can nominate one or more eligible beneficiaries to receive a portion of the yearly Option (c) allowance that the member would have been entitled to had they retired on the date of their death. This bill specifies that in the event multiple beneficiaries are nominated, the benefit will be calculated using the youngest beneficiary's age at the time of the member's death. Additionally, it states that upon the death of a beneficiary, the payments to the surviving beneficiaries shall remain unchanged.

Committee Categories

Budget and Finance, Labor and Employment

Sponsors (11)

Last Action

Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 03/26/2018)

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