1 of 1 SENATE DOCKET, NO. 179 FILED ON: 1/11/2023 SENATE . . . . . . . . . . . . . . No. 1612 The Commonwealth of Massachusetts _________________ PRESENTED BY: Michael D. Brady _________________ To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General Court assembled: The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: An Act relative to a service based retirement option for Group 1 and Group 2 career employees. _______________ PETITION OF: NAME:DISTRICT/ADDRESS :Michael D. BradySecond Plymouth and Norfolk 1 of 1 SENATE DOCKET, NO. 179 FILED ON: 1/11/2023 SENATE . . . . . . . . . . . . . . No. 1612 By Mr. Brady, a petition (accompanied by bill, Senate, No. 1612) of Michael D. Brady for legislation relative to a service based retirement option for Group 1 and Group 2 career employees. Public Service. The Commonwealth of Massachusetts _______________ In the One Hundred and Ninety-Third General Court (2023-2024) _______________ An Act relative to a service based retirement option for Group 1 and Group 2 career employees. Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows: 1 Notwithstanding the provisions of any general or special law to the contrary, an employee 2as defined in Section 1 of chapter 32 of the Massachusetts General Laws who is classified in 3either Group 1 or 2 and all political subdivisions thereof who has been a member for not less 4than thirty years in the aggregate shall be eligible to apply for and receive a service based 5retirement allowance as authorized by section five of Chapter thirty-two, using the 2.5 factor 6under subparagraph (a) of paragraph (2) of section five of chapter thirty-two, regardless of age, 7providing that the employee agrees to fully fund their pension benefit upfront. The employee’s 8total amount due into the pension system is to be determined by the State Retirement Board in 9order that the employee reach a 75% pension benefit (30 years) or 80% benefit (32+ years). The 10employee may use their vacation time allowance and/or personal allowance to pay that amount 11so determined by the Board.