AN ACT PROVIDING FOR AN EARLY RETIREMENT INCENTIVE PROGRAM FOR CERTAIN EMPLOYEES IN THE CITY OF MALDEN.
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 paragraph (g) of section 66 of chapter 188 of the acts of 2010, the city of Malden may, within 30 days of final approval of this act, establish an early retirement incentive program as established in said chapter 188, subject to the following provisions:
(i) the mayor shall submit a plan to the public employee retirement administration commission for approval within 2 months after the effective date of this act;
(ii) once the plan has been approved, the mayor shall submit the plan to the city council for acceptance not later than the next meeting of the city council at which the plan can practicably be submitted;
(iii) publish and make available to employees the approved plan within 1 month after its acceptance by the city council;
(iv) require employees to participate within 2 months of the plan’s publication;
(v) determine which applicants may participate in the program and notify them within 1 month of the application deadline; and
(vi) require that participating employees retire within 2 months after being notified of notification of their acceptance.
SECTION 2. This act shall take effect upon its passage.