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Bill > H1354


MA H1354

Relative to certain option B and option C retirees


summary

Introduced
01/23/2017
In Committee
02/20/2018
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

Relative to retirement options for public employees. Public Service.

AI Summary

This bill increases the retirement allowance by 12% for public employees who retired before July 1, 2004 and are receiving a lesser retirement allowance under Options (b) or (c) of the state's retirement system. The bill allows retirement systems to accept these provisions by a majority vote of their board, and the state's teachers' and employees' retirement systems are deemed to have accepted the provisions. The increased benefits are prospective and do not provide any retroactive benefits.

Committee Categories

Budget and Finance, Labor and Employment

Sponsors (1)

Last Action

No further action taken (on 01/01/2019)

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