Bill

Bill > H2554


MA H2554

Relative to certain Option B and Option C retirees


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 increasing pension benefits for certain retired teachers and public employees. Public Service.

AI Summary

This bill aims to increase pension benefits for certain retired teachers and public employees who chose Option B or Option C retirement plans. Specifically, it provides the following increases: - Retired teachers in the Boston or Massachusetts Teachers Retirement System who took Option B and retired before July 2004 will see a $542 increase to their retirement allowance. - Retired members of the State Retirement System or other systems that accept this law who took Option B and retired before July 2004 will see a $395 increase. - Retired teachers in the Boston or Massachusetts Teachers Retirement System who took Option C and retired before July 2004 will see an $1,800 increase. - Retired members of the State Retirement System or other systems that accept this law who took Option C and retired before July 2004 will see a $1,200 increase. - Survivors of retired teachers in the Boston or Massachusetts Teachers Retirement System will see a $1,200 increase, while survivors of retired members of the State Retirement System or other accepting systems will see a $900 increase.

Committee Categories

Labor and Employment

Sponsors (17)

Last Action

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

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