HOUSE DOCKET, NO. 2226 FILED ON: 1/19/2023
HOUSE . . . . . . . . . . . . . . . No. 2523
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The Commonwealth of Massachusetts
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PRESENTED BY:
Sean Garballey
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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.
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PETITION OF:
Name: | District/Address: | Date Added: |
Sean Garballey | 23rd Middlesex | 1/17/2023 |
Jessica Ann Giannino | 16th Suffolk | 1/27/2023 |
HOUSE DOCKET, NO. 2226 FILED ON: 1/19/2023
HOUSE . . . . . . . . . . . . . . . No. 2523
By Representative Garballey of Arlington, a petition (accompanied by bill, House, No. 2523) of Sean Garballey and Jessica Ann Giannino 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. 2649 OF 2021-2022.]
The Commonwealth of Massachusetts
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In the One Hundred and Ninety-Third General Court
(2023-2024)
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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.