SECTION 1.  Subsection (1) of section twenty-two of Chapter 32 of the General Laws, as appearing in the 2000 Official Edition, is hereby amended by inserting after subparagraph(b) the following new subparagraph:-

Notwithstanding any general or specific law to the contrary, a member of the state teachers’ retirement system or the state Boston retirement system who was laid off or who will be laid off by a governmental unit because of budget cuts between January 1, 1980 and December 31, 2004, January 1, 1990 and December 31, 2004, or January 1, 2003 and December 31, 2005, and through no fault of their own, and was later re-employed in public service as a teacher within three years of being laid off, may have up to three years of such layoff time credited as creditable service provided that any buyback payments or previously withdrawn contributions, including regular interest thereon, are paid upon such terms and conditions as the board may prescribe and, provided further, that such member shall be deemed to have entered into service for purposes of this section as of the date of his entry into service preceding layoff.

SECTION 2. Section one of this act shall apply to any member in service as of the effective date of this act, provided, however, that any reduction in an employee’s retirement contribution required by this act shall commence on the effective date if this act and no refund shall be made for contributions made prior to the effective date of this act.”