HOUSE DOCKET, NO. 1667 FILED ON: 1/15/2015
HOUSE . . . . . . . . . . . . . . . No. 2271
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The Commonwealth of Massachusetts
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PRESENTED BY:
Geoff Diehl
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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 and notice by certified mail.
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PETITION OF:
Name: | District/Address: | Date Added: |
Geoff Diehl | 7th Plymouth | 1/15/2015 |
HOUSE DOCKET, NO. 1667 FILED ON: 1/15/2015
HOUSE . . . . . . . . . . . . . . . No. 2271
By Mr. Diehl of Whitman, a petition (accompanied by bill, House, No. 2271) of Geoff Diehl relative to the creditable service of certain state employees. Public Service. |
The Commonwealth of Massachusetts
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In the One Hundred and Eighty-Ninth General Court
(2015-2016)
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An Act relative to creditable service and notice by certified mail.
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 paragraph (b) of subdivision (8) of section 3 of chapter 32 of the General Laws or any other general or special law to the contrary, a member who did not pay or make provisions for repayment in installments, into the annuity saving fund of the system, make-up payments of an amount equal to the accumulated regular deductions withdrawn by the member, together with buyback interest, within 1 year from the date of reinstatement or re-entry or within 1 year after April 2, 2012, whichever is later, and whose creditable service predates January 1, 1986, shall not be required to pay actuarial interest; provided, further that the public employee retirement administration commission shall prescribe and supervise appropriate and timely notice to all members whose financial interests in the retirement system shall be directly and substantially impacted by statutory amendments made to said chapter 32. For purposes of this act, appropriate and timely notice shall include notice sent by certified mail at least 10 days before the effective date of any statutory amendment to said chapter 32 that shall so affect the members.