HOUSE DOCKET, NO. 2862        FILED ON: 1/21/2011

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2472

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Louis L. Kafka

_________________

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 Allowing Mrs. Janet Picheny to Purchase Creditable Service with the Massachusetts Teachers Retirement System..

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PETITION OF:

 

Name:

District/Address:

Date Added:

Louis L. Kafka

8th Norfolk

1/21/2011

James E. Timilty

 

1/25/2011


HOUSE DOCKET, NO. 2862        FILED ON: 1/21/2011

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2472

By Mr. Kafka of Stoughton, a petition (accompanied by bill, House, No. 2472) of Louis L. Kafka and James E. Timilty for legislation to authorize Janet Picheny to purchase certain creditable service for retirement purposes.  Public Service.

 

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 4659 OF 2009-2010.]

 

The Commonwealth of Massachusetts

 

_______________

In the Year Two Thousand Eleven

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An Act Allowing Mrs. Janet Picheny to Purchase Creditable Service with the Massachusetts Teachers Retirement System..

 

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 any general or special law or rule or regulation to the contrary, the Massachusetts Teachers’ Retirement System is hereby authorized and directed to allow Janet L. Picheny to purchase credit for nine years and eight months of prior teaching service rendered by her in the public schools of New York by paying the amount required by G.L. c. 32, s. 3(4) into the annuity savings fund of the Massachusetts Teachers’ Retirement System. Upon such payment, Ms. Picheny’s retirement allowance shall be increased by the addition of such creditable service retroactive back to the effective date of her retirement as though her purchase of such service had preceded her effective date of retirement. Provided however, Picheny’s monthly retirement allowance shall be reduced by an amount determined by the actuary to reflect the payment she received from the New York State Teachers’ Retirement System.

Section 2. This act shall take effect upon its passage.