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| 2 | 2 | | SENATE DOCKET, NO. 2849 FILED ON: 11/9/2023 |
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| 3 | 3 | | SENATE . . . . . . . . . . . . . . No. 2522 |
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| 4 | 4 | | The Commonwealth of Massachusetts |
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| 5 | 5 | | _________________ |
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| 6 | 6 | | PRESENTED BY: |
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| 7 | 7 | | Barry R. Finegold |
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| 8 | 8 | | _________________ |
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| 9 | 9 | | To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General |
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| 10 | 10 | | Court assembled: |
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| 11 | 11 | | The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill: |
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| 12 | 12 | | An Act relative to the creditable service of former employees of the Massachusetts Development |
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| 13 | 13 | | Finance Agency. |
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| 14 | 14 | | _______________ |
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| 15 | 15 | | PETITION OF: |
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| 16 | 16 | | NAME:DISTRICT/ADDRESS :Barry R. FinegoldSecond Essex and Middlesex 1 of 1 |
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| 17 | 17 | | SENATE DOCKET, NO. 2849 FILED ON: 11/9/2023 |
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| 18 | 18 | | SENATE . . . . . . . . . . . . . . No. 2522 |
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| 19 | 19 | | By Mr. Finegold, a petition (accompanied by bill) (subject to Joint Rule 12) of Barry R. Finegold |
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| 20 | 20 | | for legislation relative to the creditable service of former employees of the Massachusetts |
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| 21 | 21 | | Development Finance Agency. Public Service. |
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| 22 | 22 | | The Commonwealth of Massachusetts |
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| 23 | 23 | | _______________ |
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| 24 | 24 | | In the One Hundred and Ninety-Third General Court |
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| 25 | 25 | | (2023-2024) |
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| 26 | 26 | | _______________ |
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| 27 | 27 | | An Act relative to the creditable service of former employees of the Massachusetts Development |
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| 28 | 28 | | Finance Agency. |
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| 29 | 29 | | Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority |
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| 30 | 30 | | of the same, as follows: |
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| 31 | 31 | | 1 SECTION 1. Notwithstanding any general or special law to the contrary, any former |
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| 32 | 32 | | 2employee of the Massachusetts Development Finance Agency who has established membership |
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| 33 | 33 | | 3in a retirement system as provided by chapter 32 of the General Laws may, while a member in |
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| 34 | 34 | | 4service thereof, be credited with service for such previous employment, by paying into the |
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| 35 | 35 | | 5annuity savings fund of the system in one sum, or in installments, upon such terms as the board |
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| 36 | 36 | | 6may prescribe, an amount equal to that which would have been withheld as retirement |
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| 37 | 37 | | 7deductions from the employee’s regular compensation for such previous employment, or most |
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| 38 | 38 | | 8recent portion thereof, as the employee shall elect, together with buyback interest thereon, had |
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| 39 | 39 | | 9such service been rendered in the governmental unit by which he or she is presently employed |
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| 40 | 40 | | 10and in a position subject to the provisions of this chapter. |
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| 41 | 41 | | 11 SECTION 2. This act shall take effect upon its passage. |
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