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| 2 | 2 | | HOUSE DOCKET, NO. 4194 FILED ON: 1/17/2025 |
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| 3 | 3 | | HOUSE . . . . . . . . . . . . . . . No. |
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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 | | Paul K. Frost |
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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 Massachusetts Teachers' Retirement System benefit calculation. |
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| 13 | 13 | | _______________ |
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| 14 | 14 | | PETITION OF: |
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| 15 | 15 | | NAME:DISTRICT/ADDRESS :DATE ADDED:Paul K. Frost7th Worcester1/17/2025 1 of 3 |
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| 16 | 16 | | HOUSE DOCKET, NO. 4194 FILED ON: 1/17/2025 |
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| 17 | 17 | | HOUSE . . . . . . . . . . . . . . . No. |
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| 18 | 18 | | [Pin Slip] |
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| 19 | 19 | | [SIMILAR MATTER FILED IN PREVIOUS SESSION |
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| 20 | 20 | | SEE HOUSE, NO. 2521 OF 2023-2024.] |
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| 21 | 21 | | The Commonwealth of Massachusetts |
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| 22 | 22 | | _______________ |
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| 23 | 23 | | In the One Hundred and Ninety-Fourth General Court |
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| 24 | 24 | | (2025-2026) |
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| 25 | 25 | | _______________ |
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| 26 | 26 | | An Act relative to the Massachusetts Teachers' Retirement System benefit calculation. |
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| 27 | 27 | | Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority |
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| 28 | 28 | | of the same, as follows: |
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| 29 | 29 | | 1 SECTION 1. Section 5 of chapter 32 of the General Laws, as appearing in the 2022 |
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| 30 | 30 | | 2Official Edition, is hereby amended in subsection 2, in subdivision (a) by striking out the first |
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| 31 | 31 | | 3table after line 139 and inserting in place thereof the following:- |
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| 32 | 32 | | Age Last Birthday at Date of |
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| 33 | 33 | | Retirement |
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| 34 | 34 | | Per Cent.Group 1.Group 2.Group 4.4.65….................80——4.50….................79——4.45….................78—— 2 of 3 |
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| 35 | 35 | | 4.30….................77——4.15….................76——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 3 of 3 |
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| 36 | 36 | | 4SECTION 2. Said section 5 of said chapter 32 is hereby amended by inserting, at the end thereof, |
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| 37 | 37 | | 5the following:- |
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| 38 | 38 | | 6(g)The Massachusetts Teachers’ Retirement system shall recalculate the annual pension benefits |
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| 39 | 39 | | 7of all members who retired over the age of 65 consistent with the tables in this section. |
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| 40 | 40 | | 8SECTION 3. Section 2 shall take effect upon passage of this act. |
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