HOUSE DOCKET, NO. 1602 FILED ON: 2/10/2021
HOUSE . . . . . . . . . . . . . . . No. 2649
|
The Commonwealth of Massachusetts
_________________
PRESENTED BY:
Sean Garballey
_________________
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 prompt retiree payments.
_______________
PETITION OF:
Name: | District/Address: | Date Added: |
Sean Garballey | 23rd Middlesex | 2/10/2021 |
HOUSE DOCKET, NO. 1602 FILED ON: 2/10/2021
HOUSE . . . . . . . . . . . . . . . No. 2649
By Mr. Garballey of Arlington, a petition (accompanied by bill, House, No. 2649) of Sean Garballey that the Retirement Board submit a report on the use of partial payments to reduce the amount of time between a person’s retirement and date of first payment. Public Service. |
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 2260 OF 2019-2020.]
The Commonwealth of Massachusetts
_______________
In the One Hundred and Ninety-Second General Court
(2021-2022)
_______________
An Act relative to prompt retiree payments.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
Chapter 32 of the General Laws as appearing in the 2017 Official Edition is hereby amended by adding the following:
Section 106. Prompt partial retirement payments to retirees
Section 106. The Massachusetts State Retirement Board shall produce a report for the Joint Committee on Public Service on establishing a process to establish prompt partial retirement payments to recent retirees. The report shall explore ways to reduce the amount of time between a person’s retirement and date of first payment by utilizing estimated partial payments.