AN ACT RELATIVE TO THE RETIREMENT BENEFITS OF CERTAIN EMPLOYEES OF THE TOWN OF ERVING
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 chapter 32 of the General Laws or any other general or special law to the contrary and in order to promote the public good, the Franklin Regional Retirement Board shall credit Robert H. Miner with additional years to provide him with 30 years of creditable service and to use the age 65 factor of 2.5 per cent to determine his superannuation retirement allowance under said chapter 32.
Eligibility for creditable service and enhancement under this section shall be conditioned upon payment by Robert H. Miner to the Franklin Regional Retirement System of an amount equal to the contribution he would have otherwise owed for such period of creditable service and the additional cost of increasing his creditable service to 30 years and his age factor to 65 together with regular interest thereon, as determined by an actuary. The repayment shall be made in 1 sum, or in installments, as the Franklin Regional Retirement System shall prescribe. Robert H. Miner shall be entitled to and shall receive all annual cost-of-living adjustments to his annual pension granted under section 102 of said chapter 32 or any other general or special law.
SECTION 2. Notwithstanding chapter 32 of the General Laws or any other general or special law to the contrary and in order to promote the public good, the Franklin Regional Retirement Board shall credit Dana Moore, Jr. with a combination of 2 years of age or 2 years of service or a combination thereof to enhance his retirement benefit to determine his superannuation retirement allowance under said chapter 32.
Eligibility for creditable service and enhancement shall be conditioned upon payment by Dana Moore, Jr. to the Franklin Regional Retirement System of an amount equal to the contribution he would have otherwise owed for such enhancement, together with regular interest thereon. The payment and additional years shall be part of all annual cost-of-living adjustments to his annual pension granted under section 102 of said chapter 32 or any other general or special law.
SECTION 3. Section 1 shall take effect as of March 23, 2001.
Approved, July 22, 2016.