HOUSE DOCKET, NO. 1925        FILED ON: 1/15/2015

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2366

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

James J. Lyons, Jr.

_________________

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 pension reform.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

James J. Lyons, Jr.

18th Essex

1/15/2015

Marjorie C. Decker

25th Middlesex

11/5/2019


HOUSE DOCKET, NO. 1925        FILED ON: 1/15/2015

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2366

By Mr. Lyons of Andover, a petition (accompanied by bill, House, No. 2366) of James J. Lyons, Jr., and Marjorie C. Decker relative to the calculation of retirement allowances for public employees.  Public Service.

 

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 2379 OF 2013-2014.]

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Eighty-Ninth General Court
(2015-2016)

_______________

 

An Act relative to pension reform.

 

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 (2) of section 3 of chapter 32 of the General Laws, as appearing in the 2008 Official Edition, is  hereby amended by striking out clause (vi).

SECTION  2.  Subdivision (2) of section 5 of said chapter 32, as so appearing, is hereby amended by striking out paragraph (a) and inserting in place thereof the following paragraph:-

(a) The normal yearly amount of the retirement allowance for any member classified in Group 1, Group 2 or Group 4, who has paid the full amount of regular deductions on the total amount of regular compensation, including deductions specified in subdivision (3A) of section 3, and in paragraph (d) of subdivision (1) of section 22, shall, subject to the limitations set forth in this section, be based on the average annual rate of regular compensation received by such member during his years of creditable service or on the average annual rate of regular compensation received by such member during the period or periods, preceding retirement, and shall be computed according to the following table based on the age of such member and his number of years and full months of creditable service at the time of his retirement.

Per Cent.Group 1.Group 2. Group 4.             

2.5 ………65 or over65 or over65 or over.