SENATE DOCKET, NO. 1312 FILED ON: 1/21/2011
SENATE . . . . . . . . . . . . . . No. 1355
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The Commonwealth of Massachusetts
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PRESENTED BY:
Anthony W. Petruccelli
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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 creditable service.
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PETITION OF:
Name: | District/Address: |
Anthony W. Petruccelli |
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SENATE DOCKET, NO. 1312 FILED ON: 1/21/2011
SENATE . . . . . . . . . . . . . . No. 1355
By Mr. Petruccelli, petition (accompanied by bill, Senate, No. 1355) of Petruccelli for legislation relative to creditable service for Mark Silvestro [Joint Committee on Public Service]. |
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE SENATE, NO. 1185 OF 2009-2010.]
The Commonwealth of Massachusetts
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In the Year Two Thousand Eleven
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An Act relative to creditable service.
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 State Retirement Board shall credit Mark Silvestro with creditable service of four years and six months for the time he spent at the Massachusetts Bay Transportation Authority.
Eligibility for said creditable service shall be conditioned upon payment by Mark Silvestro to the state retirement system of an amount equal to that which would have been deducted during such period had he been a member of the retirement system, plus accumulated buyback interest. Such payment shall be made in one lump sum or in installments upon such terms and conditions as the retirement board shall prescribe.