SENATE DOCKET, NO. 1721        FILED ON: 1/21/2011

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1344

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Richard T. Moore

_________________

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 fair treatment of certain teachers’ retirement benefits.

_______________

PETITION OF:

SENATE DOCKET, NO. 1721        FILED ON: 1/21/2011

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1344

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE SENATE, NO. 1149 OF 2009-2010.]

The Commonwealth of Massachusetts

_______________

In the Year Two Thousand Eleven

_______________

An Act relative to the fair treatment of certain teachers’ retirement benefits.

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 to the contrary, The Massachusetts Teachers' Retirement System shall recognize as “pensionable” any “enhanced longevity buy-out option” or similar “extended service compensation” benefit permitted in a collective bargaining agreement or an individual contract, provided that:

                1. the collective bargaining agreement or individual contract that authorizes the “enhances longevity buy-out option” or “extended service compensation” benefit shall have been in effect on or before January 25, 2006; and

                2. that the employee begins to receive said benefit during the term of the collective bargaining agreement or individual contract that was in effect on or before January 25, 2006.

                If the collective bargaining agreement took effect after January 25, 2006, The Massachusetts Teachers' Retirement System shall recognize as “pensionable” any “enhanced longevity buy-out option” plan or similar “extended service compensation” benefit provided that:

                1. the collective bargaining agreement or individual contract continues the same “enhanced longevity buy-out option” or “extended service compensation” benefit as that provided in the collective bargaining agreement in effect on January 25, 2006; and

                2. the employee shall have notified his school district of his intent to collect said benefit on or before January 25, 2006 in writing received by the district; and

                3. that the employee shall have begun collecting said “enhanced longevity buy-out option” or “extended service compensation” benefit on or before September 31, 2006.

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