Amendment #157 to H4100

OPEB ratios for retirees with less than 20 years of creditable service

Representatives Jones of North Reading, Peterson of Grafton, Hill of Ipswich, Poirier of North Attleborough, deMacedo of Plymouth, Adams of Andover, Barrows of Mansfield, Bastien of Gardner, Beaton of Shrewsbury, Boldyga of Southwick, D'Emilia of Bridgewater, Diehl of Whitman, Durant of Spencer, Fattman of Sutton, Ferguson of Holden, Frost of Auburn, Gifford of Wareham, Harrington of Groton, Howitt of Seekonk, Humason of Westfield, Hunt of Sandwich, Kuros of Uxbridge, Levy of Marlborough, Lombardo of Billerica, Lyons of Andover, O'Connell of Taunton, Orrall of Lakeville, Ross of Attleboro, Smola of Palmer, Vieira of Falmouth, Webster of Pembroke, Winslow of Norfolk and Wong of Saugus moves to amend the bill by inserting, after section xx, the following two sections:—

“SECTION XX. Section 8 of chapter 32A of the General Laws, as appearing in the 2010 Official Edition, is hereby amended by inserting after the word “rate”, in line 12, the following:—

provided that the contribution rate for a retired employee who became such a member after January 1, 2013, shall be increased by 2 percentage points for each year under 20 years of creditable service, until reaching 10 years of creditable service.

SECTION XX. Said Section 8 of chapter 32A, is hereby amended by inserting after the word “act” in line 39, the following:—

provided that the contribution rate for a retired employee who became such a member after April 2, 2012, shall be increased by 2 percentage points for each year under 20 years of creditable service, until reaching 10 years of creditable service.”.