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HOUSE DOCKET, NO. 17 FILED ON: 10/31/2022
HOUSE . . . . . . . . . . . . . . . No. 17
So much of the recommendations of the Teachers' Retirement System (House, No. 16) as relates
to establishing a special commission on retirement credit purchases. Public Service.
The Commonwealth of Massachusetts
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In the One Hundred and Ninety-Third General Court
(2023-2024)
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An Act establishing a special commission on retirement credit purchases.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
of the same, as follows:
1 SECTION 1. There shall be a special commission to evaluate and study the costs and
2benefits attributable to all service purchases allowed under Chapter 32. The special commission
3shall: review the associated actuarial liabilities; recommend appropriate cost-sharing between
4employee and employer; explore whether the types of allowable service purchases can be
5expanded to help recruit and retain public employees; and recommend any other changes deemed
6necessary to improve the long-term sustainability of Massachusetts contributory retirement
7systems.
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9 The commission shall consist of: the chair of the public employee retirement
10administration commission or a designee; the chairs of the state and teachers’ retirement boards,
11or their designees; the house and senate chairs of the joint committee on public service, who
12shall serve as co-chairs; 1 member of the senate who shall be appointed by the minority leader; 1 2 of 2
13member of the house of representatives, who shall be appointed by the minority leader; the
14President of MACRS or her designee; a representative of the Mass. Association of School
15Superintendents; the Commonwealth’s director of human resources or his designee; a
16representative of the Massachusetts Municipal Association; the Secretary of A&F or his
17designee; an actuary to be appointed by the Governor; a representative of a teacher’s union to be
18appointed by the state treasurer; a representative of a state employee union to be appointed by the
19governor. The special commission shall make recommendations, including proposed
20amendments to chapter 32 of the General Laws. The special commission shall file its
21recommendations, including any proposed legislation, with the clerks of the Senate and House of
22Representatives not later than May 1, 2024.