HOUSE DOCKET, NO. 3634        FILED ON: 2/19/2021

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2617

 

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.

_______________

PETITION OF:

 

Name:

District/Address:

Date Added:

David F. DeCoste

5th Plymouth

2/16/2021

Patrick Joseph Kearney

4th Plymouth

2/26/2021


HOUSE DOCKET, NO. 3634        FILED ON: 2/19/2021

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 2617

By Mr. DeCoste of Norwell, a petition (accompanied by bill, House, No. 2617) of David F. DeCoste and Patrick Joseph Kearney that the Massachusetts Teachers’ Retirement System be directed to authorize Daniel P. Schwemin to purchase creditable service.  Public Service.

 

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 3868 OF 2019-2020.]

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninety-Second General Court
(2021-2022)

_______________

 

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 Chapter 32 of the General Laws, or any other general or special law to the contrary, the Massachusetts Teachers’ Retirement System shall allow Daniel P. Schwemin, a member who did not pay or make provisions for repayment installments, into the annuity saving fund of the system, make-up payments of an amount equal to the accumulated regular deductions withdrawn by him, together with buyback interest, within 1 year after April 2, 2012, and whose creditable service predates January 1, 1986, shall not be required to pay actuarial interest, but rather the regular interest thereon. The repayment shall be made in one lump sum or in installments as the Massachusetts Teachers’ Retirement System shall prescribe.