HOUSE DOCKET, NO. 672        FILED ON: 1/14/2019

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2225

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

David F. DeCoste

_________________

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.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

David F. DeCoste

5th Plymouth

1/14/2019

Angelo L. D'Emilia

8th Plymouth

2/1/2019


HOUSE DOCKET, NO. 672        FILED ON: 1/14/2019

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2225

By Mr. DeCoste of Norwell, a petition (accompanied by bill, House, No. 2225) of David F. DeCoste and Angelo L. D'Emilia relative to buyback for certain retirement system creditable service.  Public Service.

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninety-First General Court
(2019-2020)

_______________

 

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:
 

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into the annuity saving fund of the system, make-up payments of an amount equal to the accumulated regular deductions withdrawn by the member, together with buyback interest, within 1 year from the date of reinstatement or re-entry or within 1 year after April 2, 2012, whichever is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.