SENATE DOCKET, NO. 504        FILED ON: 1/15/2015

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1379

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Brian A. Joyce

_________________

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 to authorize creditable service for certain public higher education faculty and professional employees.

_______________

PETITION OF:

SENATE DOCKET, NO. 504        FILED ON: 1/15/2015

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 1379

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE SENATE, NO. 1312 OF 2011-2012.]

The Commonwealth of Massachusetts

_______________

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

_______________

An Act to authorize creditable service for certain public higher education faculty and professional employees.

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

Subsection (1) of section 4 of Chapter 32 of the General Laws, as appearing in the 2012 Official Edition, is hereby amended by inserting after paragraph (s) the following paragraph: --

(t) Any faculty member or professional employee of any public institution of higher education who is a member of the state employees retirement system and who has received or receives a leave or leaves of absence without pay approved by the employing institution to accept a prestigious award, fellowship, scholarship or other special assignment opportunity that benefits both the individual and the employing institution of public higher education, may, before any retirement becomes effective, establish up to two years of such service as creditable service for the purpose of determining his retirement allowance pursuant to the provisions of paragraph (a) of subdivision (2) of section 5 of Chapter 32.  Eligibility for said creditable service shall be conditioned upon payment into the annuity savings fund of the state employees retirement system of an amount equal to the contributions he would have otherwise paid into the retirement system for said period or periods of service based upon the salary he was receiving prior to the commencement of his leave or leaves of absence together with regular interest thereon.  Such payment shall be made in one sum or installments as the state board of retirement shall prescribe.