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HOUSE DOCKET, NO. 2156 FILED ON: 1/20/2011 HOUSE . . . . . . . . . . . . . . . No. 2461
The Commonwealth of Massachusetts _________________ PRESENTED BY: Bradley H. Jones, Jr. _______________ To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying: An Act relative to capping pensions at 400%. _______________ PETITION OF:
HOUSE DOCKET, NO. 2156 FILED ON: 1/20/2011 HOUSE . . . . . . . . . . . . . . . No. 2461
An Act relative to capping pensions at 400%. Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows: SECTION 1. Subdivision (2) of section 5 of chapter 32 of the General Laws, as most recently amended by chapters 21and 25 of the Acts of 2009, is hereby further amended by inserting after paragraph (e) the following new paragraph: (f) In any given year, no retirement allowance, as provided for by this chapter, shall exceed 400 per cent of the average retirement allowance in the commonwealth. The board shall determine the average retirement allowance in the commonwealth as of January 1 of each year.”. |
