AN ACT RELATIVE TO THE RETIREMENT OF CERTAIN EMPLOYEES OF THE CITY OF REVERE.
Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
Notwithstanding section 4 of chapter 32 of the General Laws or any
other general or special law to the contrary, any employee of the city of
whose employment was terminated in 1981 or 1982
due to a reduction in force and subsequently was
reinstated to his former position on or before October 1, 1986
shall be credited with active service for such period of
unemployment for the purposes of said chapter 32 if the
pay into the Retirement System Annuity Savings Fund, in 1 sum or in
installments, as said board shall determine, an amount equal to any retirement
allowance or accumulated regular deductions received by the employees under
said chapter 32.
The employees shall also pay into the annuity savings fund, in 1 sum or
installments, as the board shall determine, an equal amount or amounts which
have been deducted from the regular compensation of the employees for the
of time of their forced unemployment had the employees been members in service
during that period. In addition to the payment of the amount required by the
preceding sentence, the employees shall also pay into said annuity savings
an amount of interest such that upon the completion of such payments the value
their accumulated payments under this paragraph together with regular interest
thereon, shall equal the value of their accumulated regular deductions for such
period which would have resulted if such deductions had actually been made from
regular compensation during the aforementioned period.
Upon the completion of the payments required hereunder, the retirement board
the city of Revere or the teachers' retirement board
shall grant to the employees creditable service for the period of their
forced unemployment, but no such credit shall be granted until such payments
This act shall take effect upon its passage.