SENATE DOCKET, NO. 2500        FILED ON: 2/22/2021

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No.         

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Cindy F. Friedman

_________________

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 Option (d) beneficiaries.

_______________

PETITION OF:

 

Name:

District/Address:

Cindy F. Friedman

Fourth Middlesex


SENATE DOCKET, NO. 2500        FILED ON: 2/22/2021

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No.         

By Ms. Friedman, a petition (accompanied by bill) (subject to Joint Rule 12) of Cindy F. Friedman for legislation relative to Option (d) beneficiaries.  Public Service.

 

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE SENATE, NO. 1534 OF 2019-2020.]

 

The Commonwealth of Massachusetts

 

_______________

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

_______________

 

An Act relative to Option (d) beneficiaries.

 

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

Section 12 of chapter 32 of the General Laws, as appearing in the 2016 Official Edition, is hereby amended by striking out the paragraph, in lines 154 to 160, inclusive, and inserting in place thereof the following paragraph:-

Option (d), Member Survivor Allowance. At any time a member, upon his written notice on a prescribed form filed with the board prior to his death, may nominate one or more eligible beneficiaries as set forth under option (c) of this section, who if such member dies before being retired shall receive a portion, as specified on said form, of the yearly amount of the option (c) allowance to which such member would have been entitled had his retirement taken place on the date of his death; provided that, in the event that multiple beneficiaries are nominated, the benefit will be calculated using the youngest beneficiary’s age at the time of the member’s death; provided further, that upon the death of a beneficiary, all payments to surviving beneficiaries shall remain unchanged.