SENATE DOCKET, NO. 970 FILED ON: 1/20/2011
SENATE . . . . . . . . . . . . . . No. 1293
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The Commonwealth of Massachusetts
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PRESENTED BY:
Benjamin B. Downing, (BY REQUEST)
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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 retirement benefits of Pamela Mason.
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PETITION OF:
Name: | District/Address: |
SENATE DOCKET, NO. 970 FILED ON: 1/20/2011
SENATE . . . . . . . . . . . . . . No. 1293
By Mr. Downing, petition (accompanied by bill, Senate, No. 1293) of [petitioners] for legislation relative to retirement benefits of Pamela Mason [Joint Committee on Public Service]. |
The Commonwealth of Massachusetts
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In the Year Two Thousand Eleven
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An act relative to the retirement benefits of Pamela Mason.
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 4 of section 5 of chapter 32 of the General Laws is hereby amended by adding the following clause:-
(iii) Notwithstanding the provisions of clause (i) of this subdivision, the teacher?s retirement board shall at the request of Pamela Mason allow said member to elect in the alternative superannuation retirement benefit program; provided that said member shall make retirement contributions to the system as if said member had elected into said program on or before July 1, 2001, plus interest. The interest shall be calculated by using the actuarially assumed investment rate of return of the teacher?s retirement system.