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Bill > H2565


MA H2565

Relative to pension reform


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 the calculation of retirement allowances for public employees. Public Service.

AI Summary

This bill proposes changes to the calculation of retirement allowances for public employees. Specifically, it strikes out clause (vi) of subdivision (2) of section 3 of chapter 32 of the General Laws, and amends subdivision (2) of section 5 of the same chapter by striking out paragraph (a) and inserting a new paragraph that changes the formula used to calculate the normal yearly amount of the retirement allowance for members classified in Group 1, Group 2, or Group 4. These changes aim to reform the pension system for public sector workers in Massachusetts.

Committee Categories

Labor and Employment

Sponsors (2)

Last Action

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

bill text


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