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