AN ACT AUTHORIZING THE MEDFORD RETIREMENT BOARD TO CHANGE THE OPTION OF A CERTAIN RETIREE.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
Notwithstanding chapter 32 of the General Laws or any other general or special law or rule or regulation to the contrary, the retirement board of the city of Medford shall allow Alfred Miraglia, who retired from the fire department of said city on May 2, 1999, to change his option from Option (b) to Option (c) of subdivision (2) of section 12 of said chapter 32. Said Alfred Miraglia or his named beneficiary shall repay into the retirement system of the city of Medford, on such terms as said board deems appropriate, an amount equal to the difference between the retirement allowance that said retiree and beneficiary actually received and such allowance that said retiree and beneficiary would have received had it been paid in accordance with the terms of said Option (c), plus regular interest as defined in section 1 of said chapter 32, but in no case shall said repayment be required to be paid in full in less than one year.