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Session Law

2004

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Chapter 369 AN ACT PROVIDING CREDITABLE SERVICE TO CERTAIN RESEARCH FACULTY FUNDED BY RESEARCH INSTITUTES AND FOUNDATIONS UNDER AGREEMENT WITH THE UNIVERSITY OF MASSACHUSETTS.

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:


Notwithstanding any general or special law to the contrary, the period or periods during which any member employed by the University of Massachusetts and subsequently directed by the university to accept employment with an institute or foundation supporting research faculty, was so employed in furtherance of a contract for services between the university and any such institute or foundation, shall be allowed as creditable service; provided, however, that such service when added to such other creditable service of such member shall not exceed 10 years; provided, further, that such member shall not be credited until such member has paid into the Annuity Savings Fund of the state employees retirement system, in 1 sum or installments, upon such terms and conditions as the board may prescribe, makeup payments, for each year of such creditable service sought, of an amount equal to 10 per cent of the regular annual compensation of the member when such member entered the retirement system; and provided, further, that if such member has enrolled in the optional retirement plan as provided in section 40 of chapter 15A of the General Laws there shall be no required makeup payments.

Approved October 7, 2004.

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