Massachusetts 2023-2024 Regular Session

Massachusetts House Bill H2560 Compare Versions

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22 HOUSE DOCKET, NO. 2170 FILED ON: 1/19/2023
33 HOUSE . . . . . . . . . . . . . . . No. 2560
44 The Commonwealth of Massachusetts
55 _________________
66 PRESENTED BY:
77 Vanna Howard
88 _________________
99 To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
1010 Court assembled:
1111 The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
1212 An Act relative to certain option B and option C retirees.
1313 _______________
1414 PETITION OF:
1515 NAME:DISTRICT/ADDRESS :DATE ADDED:Vanna Howard17th Middlesex1/10/2023 1 of 2
1616 HOUSE DOCKET, NO. 2170 FILED ON: 1/19/2023
1717 HOUSE . . . . . . . . . . . . . . . No. 2560
1818 By Representative Howard of Lowell, a petition (accompanied by bill, House, No. 2560) of
1919 Vanna Howard relative to certain public employee retirement system option B and option C
2020 retirees. Public Service.
2121 The Commonwealth of Massachusetts
2222 _______________
2323 In the One Hundred and Ninety-Third General Court
2424 (2023-2024)
2525 _______________
2626 An Act relative to certain option B and option C retirees.
2727 Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
2828 of the same, as follows:
2929 1 SECTION 1. Notwithstanding the provisions of any general or special law to the
3030 2contrary, a member as defined in section 1 of chapter 32 of the General Laws, who retired before
3131 3July 1, 2004 and is receiving a lesser retirement allowance in accordance with the terms of
3232 4Option (b) or Option (c) of subdivision (2) of section 12 of said chapter 32, from a retirement
3333 5system that accepts the provisions of this act, shall have the member’s retirement allowance,
3434 6exclusive of any cost of living adjustments, increased by 4 per cent for Option (b) allowances
3535 7and 12 per cent for Option (c) allowances. Any retirement system may accept the provisions of
3636 8this act by a majority vote of the board of each such system, subject to the approval of the
3737 9legislative body. For the purposes of this act, “legislative body” shall mean, in the case of a city,
3838 10the city council in accordance with its charter, in the case of a town, the town meeting, in the
3939 11case of a county, the county retirement board advisory council, in the case of a region, the
4040 12regional retirement board advisory council, in the case of a district, the district members, and, in 2 of 2
4141 13the case of an authority, the governing body. For purposes of this act, the state teachers’ and state
4242 14employees’ retirement systems shall be deemed to have accepted the provisions of this act.
4343 15 SECTION 2. The provisions of this act shall be prospective from the effective date of this
4444 16act and shall not entitle any member or spouse of a deceased member to any retroactive benefits.