| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 1 of 1 | |
| 2 | 2 | HOUSE DOCKET, NO. 3808 FILED ON: 1/20/2023 | |
| 3 | 3 | HOUSE . . . . . . . . . . . . . . . No. | |
| 4 | 4 | The Commonwealth of Massachusetts | |
| 5 | 5 | _________________ | |
| 6 | 6 | PRESENTED BY: | |
| 7 | 7 | Paul K. Frost , (BY REQUEST) | |
| 8 | 8 | _________________ | |
| 9 | 9 | To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General | |
| 10 | 10 | Court assembled: | |
| 11 | 11 | The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: | |
| 12 | 12 | An Act relative to the Massachusetts Teachers' Retirement System benefit calculation. | |
| 13 | 13 | _______________ | |
| 14 | 14 | PETITION OF: | |
| 15 | 15 | NAME:DISTRICT/ADDRESS :DATE ADDED:Paul Nordberg1/20/2023 1 of 2 | |
| 16 | 16 | HOUSE DOCKET, NO. 3808 FILED ON: 1/20/2023 | |
| 17 | 17 | HOUSE . . . . . . . . . . . . . . . No. | |
| 18 | 18 | [Pin Slip] | |
| 19 | 19 | The Commonwealth of Massachusetts | |
| 20 | 20 | _______________ | |
| 21 | 21 | In the One Hundred and Ninety-Third General Court | |
| 22 | 22 | (2023-2024) | |
| 23 | 23 | _______________ | |
| 24 | 24 | An Act relative to the Massachusetts Teachers' Retirement System benefit calculation. | |
| 25 | 25 | Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority | |
| 26 | 26 | of the same, as follows: | |
| 27 | 27 | 1 SECTION 1. Section 5 of chapter 32 of the General Laws, as appearing in the 2020 | |
| 28 | 28 | 2Official Edition, is hereby amended in subsection 2, in subdivision (a) by striking out the first | |
| 29 | 29 | 3table after line 139 and inserting in place thereof the following:- | |
| 30 | 30 | Age Last Birthday at Date of | |
| 31 | 31 | Retirement | |
| 32 | 32 | Per Cent.Group 1.Group 2.Group 4.4.65….................80——4.50….................79——4.45….................78——4.30….................77——4.15….................76—— 2 of 2 | |
| 33 | 33 | 4.00….................75——3.85….................74——3.70….................73——3.55….................72——3.40….................71——3.25….................70——3.10….................69——2.95….................68——2.80….................67——2.65….................66——2.50….................6560 or over55 or over2.40….................6459542.30….................6358532.20….................6257522.10….................6156512.00….................6055501.90….................59—491.80….................58—481.70….................57—471.60….................56—461.50….................55—45 |