Bill

Bill > H1425


MA H1425

MA H1425
Relative to judicial pensions


summary

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

Introduced Session

190th General Court

Bill Summary

Relative to retirement benefits for judges. Public Service.

AI Summary

This bill amends Chapter 32 of the General Laws to establish new retirement provisions for judges first appointed on or after January 2, 1975. The key provisions include: 1. Judges appointed on or after January 2, 1975 will have 7-10% of their salary deducted and deposited into a "Judges Retirement Fund." 2. Judges who serve at least 15 years continuously and are at least 65 years old can retire with a pension equal to 3/4 of their final salary. Judges who serve at least 10 years can receive a pro-rated pension upon retiring at age 70. 3. Judges who do not qualify for a pension can have their contributions refunded upon resignation. 4. The government will assume and pay the judge's retirement contributions under Section 414(h)(2) of the Internal Revenue Code. This bill aims to standardize and reform the judicial retirement system in Massachusetts.

Committee Categories

Labor and Employment

Sponsors (1)

Last Action

Accompanied a study order, see H4654 (on 06/25/2018)

bill text


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