AN ACT RELATIVE TO RETIREMENT BENEFITS FOR STUART FREEDMAN.
Whereas, The deferred operation of this act would tend to defeat its purpose, which is to provide forthwith certain retirement benefits, therefore it is hereby declared to be an emergency law, necessary for the immediate preservation of the public convenience.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. Notwithstanding any general or special law, rule or regulation to the contrary, the teachers’ retirement board shall grant Mr. Stuart Freedman 5 months of creditable service in the teachers’ retirement system upon payment into the annuity savings fund of the system of an amount equal to 11 per cent of five-tenths of his last annual rate of salary immediately before retirement.
SECTION 2. Notwithstanding any general or special law, rule or regulation to the contrary, upon the grant of these 5 months of creditable service, Stuart Freedman shall be considered eligible for the alternative superannuation retirement benefit provided under subdivision (4) of section 5 of chapter 32 of the General Laws. The board shall then recalculate Stuart Freedman’s superannuation retirement allowance using the formula for the alternative superannuation retirement benefit, and he shall be considered entitled to the alternative superannuation retirement benefit retroactively to the date of his superannuation retirement.
Approved August 16, 2006.