AN ACT AUTHORIZING AND DIRECTING THE REINSTATEMENT OF ROBERT W. AYLWARD AS A MEMBER IN SERVICE OF THE TEACHERS' RETIREMENT SYSTEM.
Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
Notwithstanding any general or special
law to the contrary, Robert W. Aylward shall be eligible to be reinstated as a
member in service of the teachers' retirement system as of the effective date
of this act if he repays to the teachers' retirement
system an amount equal to the total amount of any retirement allowance received
by him together with interest thereon, such repayment to be made in 1 sum or
in installments as the teachers' board of retirement shall prescribe. Upon
such reinstatement, regular deductions shall be
made from his regular compensation pursuant to paragraphs (b) and (b½) of
subdivision (1) of section 22 of chapter 32 of the General Laws, for
purposes of which his date of entry into service shall be the date he waived
his retirement allowance. Upon completion of such repayment, said Robert W.
Aylward shall be entitled to creditable service for all periods for which
deductions were made from his regular compensation.
Upon reinstatement as a member in service of the teachers' retirement system,
Robert W. Aylward shall be eligible, upon the payment of regular
deductions together with interest thereon, to establish creditable service with
the system for the period of service during which he previously waived his
retirement allowance. Such payment will be made in 1 sum.
If Robert W. Aylward retires again before the completion
of made payments, he shall, in addition to credit for his actual membership
service rendered since the date of his reinstatement under this act, be
credit for the portion of his payments actually made, together with regular
interest thereon to the date such retirement becomes effective, bears to the
total amount of what his make-up payments, together with regular interest
thereon to such latter date, would have been had he made payment thereof in
1 sum on such latter date. Any pension allowance, or other retirement benefit
provided under this act shall be exclusive of and in the alternative to any
pension, allowance, or other retirement benefit, including any provided for
under general or special law.