Amendment #1041 to H4000

Retirement Buyback for Diane Galanti

Mr. Barrows of Mansfield Moves to amend the bill by adding the following new section:-

"SECTION X. Notwithstanding any general or special law, rule or regulation to the contrary, the Massachusetts Teachers' Retirement System shall credit Diane Galanti, a member of the Massachusetts Teachers' Retirement System, with creditable service for the period of December 12, 1988 to June 30, 1999, inclusive, for the purpose of determining her superannuation retirement allowance pursuant to paragraph (a) of subdivision (2) of section 5 of chapter 32 of the General Laws. Before the date that any retirement allowance becomes effective in the case of Diane Galanti, she shall pay into the annuity savings fund of the retirement system in one (1) sum or installments, upon such terms and conditions as the board may prescribe, an amount equal to that which would have been withheld as regular deductions from her regular compensation for such previous service, plus buyback interest."