An Act relative to veterans' buyback
Take action
Record your position on this measure.
Create an account to take a stance, submit a written position, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill, H.2963, proposes a veterans’ buyback program, allowing eligible veterans to receive a payment in exchange for their existing retirement benefits. It aims to provide financial relief to veterans who may wish to retire early. The bill was referred to the Public Service committee and subsequently reported to the Clerk’s Office for processing, indicating a potential path forward for consideration.
Key provisions
- Allows eligible veterans to voluntarily ‘buy back’ a portion of their retirement benefits.
- The specific terms and eligibility criteria for the buyback program are yet to be detailed.
- The bill is part of a series of similar proposals aimed at providing retirement buyback options for veterans.
- It was accompanied by a study order (H5312) to further examine the potential implementation.
Who is affected
- Veterans
- Massachusetts residents
- Public Service Committee
Notable changes
- This bill builds upon previous attempts to establish a veterans’ retirement buyback program in Massachusetts.
- The details of the buyback process, including payment amounts and eligibility requirements, are not yet finalized.
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Cosponsor
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours