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.
Notwithstanding the provisions of subdivision (4) of
section 3 of chapter 32 of the General Laws the Massachusetts teachers'
retirement board is hereby authorized and directed to grant Dr. Albert
Argenziano creditable service for the
period of time during which he served as Director General of the American
School of Guadalajara Mexico; provided, however, that any credit to be allowed
shall not exceed five years of the maximum credit of ten years allowable for
service in other states as provided in said subdivision (4); provided,
further, that he
shall pay into the Annuity Savings Fund, in one sum or in installments, as the
board shall determine, an amount equal to the regular deductions which would
have been deducted for said period together with regular interest thereon.
In the event that Dr. Argenziano shall retire before the completion of said
payments, he shall, in addition to his actual membership service, be entitled
to credit for the portion of the creditable service which the total of his
actual payments, together with regular interest thereon to the date such
retirement becomes effective, bears to the total amount of what his payment,
together with regular interest thereon, would have been had he made a payment
in one sum on the effective date of his retirement.
SECTION 2.
Notwithstanding the provisions of subdivision (4) of
section 3 of chapter 32of the General Laws the Massachusetts teachers' retirement board is hereby authorized and directed to grant Dorothy Argenziano creditable service for the peri
during which she served as Director of Special Services at the American School of Guadalajara Mexico; provided, however, that
any credit to be allowed shall not exceed five years of the maximum credit of
ten years allowable for service in other states as provided in said
subdivision (4);
provided, further, that she shall pay into the Annuity Savings Fund, in one sum
or in installments, as the board shall determine, an amount equal to the
regular deductions which would have been deducted for said period together with
regular interest thereon.
In the event that Dorothy Argenziano shall retire before the completion of
said payments, she shall, in addition to her actual membership service, be
entitled to credit for the portion of the creditable service which the total of
her actual payments, together with regular interest thereon to the date such
retirement becomes effective, bears to the total amount of what her payment,
together with regular interest thereon, would have been had she made a payment
in one sum on the effective date of her retirement.
Approved January 14, 1999.